CA Venkatesh Kamath SV
PartnerVishnu Daya & Co LLP
We are among the first users of CiB, the E- Audit Functionality has helped immensely in ensuring timely completion of Audits. Recently added PEER Review feature is a boon for all practising CA's.
Compliance Management is an on-going & time-consuming process. CiB as a compliance management software helps you automate and manage multiple taxes, several laws to be complied with, multiple filings with differing dates, different calculation methodologies. We help you pay attention to ever-changing regulatory compliance landscape, increasing expectations from regulators to assist you in creating a culture of trust, integrity, transparency, pressure from stakeholders to reduce costs and improve on operational efficiencies.
Some organizations believe that compliance requires them to complete a number of tasks and still live with uncertainty. Improper processes and tools, leave a lot of room for error and possibilities for large fines. CiB is an integrated SaaS based solution that provides end-to-end compliance management and monitoring of all the Compliance Events and Activities within the organization.
Here is why your firm needs CiB:
CiB offers wide compliance coverage across industry sectors. Its inbuilt workflow management aided with our expertise will help companies in complying with Regulations and directives.
Get a comprehensive view on single screen, know the status of various compliances and audit activities, evaluate vital reports in the form of charts, graphs, data grids.
Now assign, monitor, review the progress, ensure Resource Engagement with Role-based access to stakeholders, resources thru encrypted users id and passwords.
Data security is no longer a concern. CiB as a compliance management system has a safe and secure data-sharing facility with integrated document management, access based permanent repository.
Create and publish Audit plans, track the same with our Auditing Management. Quickly access the previous year's data from repository which has a customizable standard file folder structure which eliminates resource dependency. Peer review feature.
Receive timely updates on compliances with our automated alerts, triggers & notifications on our compliance management software. View all upcoming compliance events and their due dates. You can set the frequency for sending SMS, email reminders.
Stay updated at all times with the notifications and alerts feature. Integration with regulatory sites ensures quick notifications that can be shared with all concerned.
Integrated chatroom facility with history ensures a quick reference point, Chatroom also enables you to send & receive messages, share documents.
CiB, being a compliance management system covers all applicable laws such as Direct & Indirect Tax, Labour Laws, State, and federal compliances, Corporate Laws.
CiB is integrated with financial accounting software. You can now view/access all real time financial reports through this feature.
1. Maintain Your Regulatory Intelligence Skills
By integrating the CiB, Compliance Management Software, with dependable and authoritative regulatory content sources, you can capture, store, and monitor regulations. Connect regulatory updates to risks, controls, and policies, and use automatic notifications and alerts to keep up to date.
2. Designing a compliance management environment and processes for efficient operations
Make an internal control hierarchy that is logically organised and includes processes, assets, risks, controls, and control activities, as well as the proper connections between these data pieces. Maintain corresponding policies, processes, reporting specifications, filing schedules, and templates for relevant regulations with CiB, a compliance management tool.
3. Ease with Auditing Management
CiB, compliance management software, now comes along with an audit management tool that considerably reduces the time and work required for an organisation to successfully complete an external audit or perform an internal audit. It accomplishes this by streamlining the process by automating audit lifecycle operations.
A document control system can interact with audit software, allowing users to locate and retrieve any required audit programme material. Companies use compliance management tools to make sure audit directives are followed. Additionally, it assists in streamlining and organising the workflow and teamwork involved in creating audits.
Our clients praise us for our personable service, expert knowledge, on-time delivery. Here is what a few of them had to say
In a significant move to strengthen tax compliance, the United Arab Emirates (UAE) Federal Tax Authority (FTA) doubled t...
The peer review process for Chartered Accountant (CA) firms in India is essential for ensuring quality, compliance, and ...
The Goods and Services Tax Network (GSTN) has recently issued an important advisory regarding the barring of GST returns...
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