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How to Manage Regulatory Compliance of FMCG Companies in India?

How to Manage Regulatory Compliance of FMCG Companies in India?

FMCG companies in India are facing greater scrutiny than ever, to deal with enormous regulatory compliances in India. On yearly basis many applicable compliance lists are updating. It causes difficulty in finding the eligible compliance for every company.

Avantis has found that such an approach to Compliance Management software for FMCG companiescould be costly and ultimately, dangerous, its…

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Digitizing the Compliance Tracking Tool in India is a New Rise for Business

Digitizing the Compliance Tracking Tool in India is a New Rise for Business

The success and growth of your business depends on several factors for sure, but before you can start doing business, it is necessary to keep up with the compliance needs and complete necessary regulatory formalities. While the government has been pushing for initiatives like ‘Make in India’ & ‘Digital India’, compliance itself remains a matter of concern. The compliance environment is not just…

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Why the Businesses in India Needs Compliance Automation Tool?

Why the Businesses in India Needs Compliance Automation Tool?

Compliance automation is the need to Indian businesses. The compliance automation tool helps the companies to manage and track the applicable compliance for business operations, as the complexity of compliance has been growing drastically in India. Due delay in filling and missing the compliances causes the penalties and fines. It can be overcome through the compliance automation tool.

Complia…

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Requirement of the time - Compliance digitization

Requirement of the time – Compliance digitization

Over 80% Compliance officers believe that they do not have the necessary data to certify compliance in their organization. While Boards are demanding greater transparency, Compliance Officers are falling behind.

Avantis RegTech – A complete Compliance Tool

The Companies Act, 2013, has significantly enhanced the focus on good governance. There are statutory obligations that require the boards to…

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Reduce your Labour Compliance Cost by up to 50%

Reduce your Labour Compliance Cost by up to 50%

Labour legislation to be simplified with merging of 44 laws

Managing Labour Law Compliances in India is complex and expensive. A mid-sized organisation deals with a few hundred returns and registers in different formats. It is easy to miss applicability, dates, regulatory updates, formats etc. Organisations end up outsourcing to third party consultants to manage this complexity. However,…

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"Transforming compliance Management in Digital Age" Avantis Webinar

“Transforming compliance Management in Digital Age” Avantis Webinar

Date: October, 20 2020 (Tuesday) Time: 3:00 am – 4:00 pm Duration: 60 mins

Indians are changing how they hail cabs, order food, book tickets and make payments. Infact, in Feb 2020, India crossed a billion digital payments in a month and set a new global record.

Digital is the future!

Digital technologies have transformed compliance management. Using technology, organisations have reduced…

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What to expect from Compliance Management Tool

What to expect from Compliance Management Tool

Effective Compliance Managementis critical to an organisation’s sustenance and growth. However, compliance environment in India is complex and cumbersome with frequent changes. The number of registrations, returns, registers, challans, filings and other miscellaneous compliances for a mid size organisation can easily be in a few thousands a year. The traditional model of compliance management…

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Labour Laws and the complexities - SOLVED

Labour Laws and the complexities – SOLVED

Labour Laws are on the concurrent list of the Constitution. As a result, Central & State Governments legislate on all labour matters. Different states have implemented the rules in their own ways leading to differences in formats, forms, due dates, applicability, duty structures, payment methods, enforcement authorities among others. As a result, Labour Law Compliances in India are Complex. A…

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COMPLIANCE TOOL FOR PHARMACEUTICAL INDUSTRY - A CASE STUDY

COMPLIANCE TOOL FOR PHARMACEUTICAL INDUSTRY – A CASE STUDY

Indian pharmaceutical industry supplies over 50% of global demand for various vaccines, 40% of generic drug demand in the US and 25% of all medicine in the UK. India’s pharmaceutical exports is expected to be at $55 billion by 2020. India’s domestic pharmaceutical market turnover reached Rs 129,015 crore in 2018.

Over the last few years, Pharma companies in India have seen several issues with…

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Compliance Management at COVID times...

Compliance Management at COVID times…

Charles Darwin’s theory “survival of the fittest” still holds good- those who adapt to the changing ecosystem are the fittest, and the one that survives. Organizations that have “Digital Transformation” as one of their strategic goals, companies, whose CxOs have automation and digitization on top of their minds are the ones who are unaffected and still carrying with “ business as usual” even with…

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5 Signs Your Company Needs Compliance Automation Software

5 Signs Your Company Needs Compliance Automation Software

Compliance Management System

Compliance management in India is a complex exercise and In a country, where more than 69,000 compliances and 1,500 Acts govern businesses, it is not easy to keep up with everything. The regulatory environment in India is complex at best, where laws and requirements change every now and then. To add to that, the reliance on paperwork is extensive.

According to…

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4 Fixes you need, That Digital compliance can do.

4 Fixes you need, That Digital compliance can do.

You always had documents misplaced – Any compliance typically involves compliance documents (acknowledgments, receipts, application forms, license copies, registers, etc). to ensure that all your compliance documents and working files are available in one, easy to access document repository is a challenge.

Missed real-time smart reports –Your Reporting mechanism doesn’t offer you rich and…

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India’s Compliance Universe - Complex, Cavernous & Complicated

India’s Compliance Universe – Complex, Cavernous & Complicated

A Healthy Compliance Program

Chaos ! Confusion ! No Clarity !

Most organisations face challenges when it comes to managing their legal audits & compliance. The word itself entails within it a vast list of dos & don’ts, adherence, keeping yourself abreast and much more.The multiple challenges faced by the compliance team is tremendous.

Avantis Regtech helps in reducing this burden by…

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Best Regulatory Technology Software for Compliance Management

Best Regulatory Technology Software for Compliance Management

Managing Compliances in India is Complex, needs expertise. Any mid or large size organization in India typically deals with the few thousand compliances in a year. An organization with 5-plants in India located in 6-different states would typically deal with about 6k compliances. Similarly, an organization with 11-plants deals with 10,0000 compliances. These compliances may include the licenses,…

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SEBI updates in 2020

SEBI updates in 2020

business houses in India know that our regulatory and statutory Compliance universe is highly complex, with 1536 Acts and 6618 possible filings and 69,233 compliance annually. It is also extremely fluid, changing 3000 times a year – staying on top of the frequent legal updates is a challenge. Identifying which regulations are applicable to a business and then keeping up with the appropriate legal…

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Best Statutory Compliance Management Service in 2020

Best Statutory Compliance Management Service in 2020

As one of India’s largest and most Statutory Compliance Management service providers, Avantis is uniquely positioned to address your requirements in the domain of regulatory and labor law compliances. With their ever-growing scale of operations, We have today developed a strong infrastructure, expertise, and robust processes that are designed to handle large scale and diverse compliance…

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Best Payroll Compliance Service 2020

Best Payroll Compliance Service 2020

As one of India’s largest and most Payroll Compliance Service providers, Avantis is uniquely positioned to address your requirements in the domain of regulatory and labor law compliances. With our ever-growing scale of operations, we have today developed a strong infrastructure, expertise, and robust processes that are designed to handle large scale and diverse compliance requirements of our…

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