Compliance Management is an on-going & time-consuming process. Multiple taxes, several laws to be complied with, Multiple filings with differing dates, different calculation methodologies. The ever-changing regulatory compliance landscape, increasing expectations from regulators in creating a culture of trust, integrity, transparency, pressure from stakeholders to reduce costs and improve on operational efficiencies. Regulatory compliance challenges are also many.
The traditional approach to compliance management in dealing with these challenges requires teams to spend most of their time examining volumes of documents, spreadsheets, various email communications to have a meaningful insight. Consolidating regulatory compliance information across business units and geographies is a nightmare. The traditional approach has been rendered ineffective.
Compliance iNBOX (CiB) by BAFintech is an intuitive solution developed to provide an integrated and streamlined approach to compliance management with the promise of timely and accurate compliance without the typical cost and hassles. Read More.