New Delhi, Sep 4 : Staffing firm Teamlease Services on Wednesday announced the launch of its Compliance cloud website www.teamleasecompliance.com and App RulezBook.
"The Website and App, offered by Teamlease Regtech subsidiary Avantis, looks ahead to the increasing use of an ESG (environment, social and governance) lens by investors to evaluate companies and the increasing use of Regtech by governments (to streamline interface and improve data capture capabilities)," Rituparna Chakraborty, Co-founder & Executive Vice President, Teamlease Services said on the launch.
www.teamleasecompliance.com is a real-time (updated 15 times a day), national (covers 28 states, 8 union territories, 463 cities), comprehensive (tracks 58,000+ compliance rules and 3,000+ filings across 1000+ Acts) and personalised (filters for Industry, regulator, locations, keywords, frequency, etc) solution for employers but can also act as a guide for policy makers in their effort to reduce the regulatory cholesterol.
The Rulezbook App (available for download from the Google and Apple stores) offer employers an Inventory of their rule applicability and compliance slate based on their geography of operations, sector and other details. “India’s $5 trillion dollar economy goal requires a radical rethink of our regulatory cholesterol. Ongoing ease-of-doing business interventions are useful but life for employers and entrepreneurs is still difficult and formalization will be accelerated by rationalizing, simplifying and digitizing our compliance regime.
This site is our contribution to the infrastructure of formalization, transparency and scale for employers particularly benefiting MSME’s who do not have or cannot afford large in-house teams or external agencies,” Ms Chakraborty said.
The current structure of Control and Compliance creates risks for employers because of insufficient, inaccurate and delayed information that lead to poor decisions, penalties and litigation. Current options are largely reactive, manual and paper based leading to poor compliance visibility and control. Companies need processed implications of changes rather than forward of circulars, gazettes and notifications. (UNI)