Most Comprehensive, Updated and Scalable Compliance Management Software Solution ever
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Lawrbit provides a global compliance management solution that integrates regulatory intelligence and technology, enabling businesses to effectively track and manage compliance across multiple jurisdictions and laws. With partnerships involving over 100 legal firms in 70+ countries, the platform helps organizations navigate legal complexities and reduce the risks associated with non-compliance. Key features include centralized compliance tracking, automated updates, and a user-friendly interface that supports various stakeholders in managing compliance obligations.
Most Comprehensive, Updated and Scalable Compliance Management Software Solution ever
- 1. www.lawrbit.com 360 o view of Regulatory Compliance, Corporate Event along with Compliance Evidences across all global entities on real time basis from intuitive dashboards enabling Board to take pre-emptive measures to control Risks GLOBAL COMPLIANCE MANAGEMENT SOLUTION GLOBALISED NEEDS . LOCALISED SOLUTION
- 2. THE PROBLEM STATEMENT Multiplicity of laws • Frequent changes in laws • Introduction of new regulations • Availability of information Legal Know how Increasing Legal Complexities Basis geographies, jurisdictions, regulators, locations, industry, nature of business, etc • Converting laws to compliance actionable • Comprehensiveness of coverage, language constraints, interpretation • Availability of expert legal advisor with localised know how.. Legal Know howReporting Requirements Co-ordination for compliance Business impacts of Non Compliance License Revocation Heavy Penalties Imprisonment of KMP Reputation Losses Employee Attrition • Internal - Within teams, departments, geographies, group companies, • External - Clients, vendors, service providers, auditors, etc • On average, business needs upto 40 compliance reports annually • AGM, Board Meetings, Audits, M&A, Loans, Due diligence, etc Data Consolidation & Management • Tracking applicability and reporting of compliance entity, business, location, department wise • Ensuring data is secured & audit-able With growing uncertainty in global business environment and rapidly increasing scrutiny around compliance, businesses today are struggling to get their acts right on regulatory obligations. Risk Managers are putting 1000’s of man-hours to collate and track global regulatory know how & changes without an experienced global team; hence increasing the costs and risks of non compliance. Usually organisations are plagued with one or many of the following compliance challenges:
- 3. LAWRBIT VALUE PROPOSITION Integrating technology & Regulatory Intelligence, we have enabled clients to reap maximum benefits by adopting best practices, reduces errors, costs, improves efficiencies and ROI; clients can manage obligations across wide range of regulations through a comprehensive framework COMPLIANCE MANAGEMENT FRAMEWORK LEGAL PARTNER NETWORK GLOBAL REGULATORY INTELLIGENCE Our partnership with 100+ Tier 1 & Tier 2 legal and CPA firms across 70+ countries helps us: • Regulatory Intelligence creation, translation & updation • Understand client's business operations, identify applicable laws, compliance & address legal queries during implementation • On-Call support for legal queries post Go-Live • Regulatory Intelligence is curated, created and updated periodically / real time through collaborative input of 1000s of legal experts available through our legal partners • Centralised repository of compliance obligations, key terminologies, legal documents, updates can be commonly accessed by process owners, CXOs, auditors, etc • Separate applications for Legal experts to create, approve and update Regulatory Intelligence • Research app integrates with GCMS through APIs, enables common version of Regulatory intelligence across clients globally • Hosted on AWS; can be hosted on any of AWS’ 60+ Regions globally in compliance with Data Localisation requirements
- 4. GLOBAL COMPLIANCE NETWORK Globalised Needs | Localised Solutions NORTH AMERICA • COSTA RICA • GUATEMALA • MEXICO • U.S.A OCEANIA • AUSTRALIA • NEW ZEALAND MIDDLE EAST • BAHRAIN • EGYPT • ISRAEL • KUWAIT • OMAN • QATAR • SAUDI ARABIA • TURKEY • UAE • LUXEMBOURG • MALTA • NETHERLANDS • NORWAY • POLAND • PORTUGAL • ROMANIA • SLOVAKIA • SPAIN • SWITZERLAND • UNITED KINGDOM EUROPE SOUTH AMERICA • ARGENTINA • BRAZIL • PERU ASIA PACIFIC • INDIA • BRUNEI • BANGLADESH • CHINA • CAMBODIA • HONG KONG • INDONESIA • JAPAN • MACAU • MALAYSIA • MYANMAR • PHILLIPINES • SOUTH KOREA • SINGAPORE • SRI LANKA • TAIWAN • THAILAND • VIETNAM • AUSTRIA • BELGIUM • CYPRUS • DENMARK • FINLAND • FRANCE • GERMANY • HUNGARY • ICELAND • IRELAND • ITALY • NIGERIA • SENEGAL • SOUTH AFRICA • SUDAN • TANZANIA • TUNISIA • UGANDA • ZAMBIA • ZIMBABWE AFRICA • ALGERIA • BOTSWANA • GHANA • IVORY COAST • KENYA • LIBERIA • MALAWI • MOROCCO • MOZAMBIQUE • NAMIBIA 100+ LEGAL PARTNERS 70+ COUNTRIES COVERED 3,500+ LAWS MAPPED 500+ LEGAL PROFESSIONALS
- 5. REGULATORY INTELLIGENCE Across all category & type of laws applicable on business TAXATION LABOUR & EMPLOYMENT IMMIGRATION DATA PROTECTION FEDERAL / CENTRAL SECURITY EXCHANGE CORPORATE STATE PAYROLL & BENEFITS HEALTH & SAFETY FOREIGN INVESTMENTS COMMERCIAL INDUSTRY SPECIFIC CROSS BORDER TRADE ENVIRONMENT INTELLECTUAL PROPERTY ๏ Comprehensive coverage across federal, state, local & industry specific laws ๏ Simplified legal language for easy understanding ๏ Categorisation of compliance basis its nature and actions required ๏ Event Based advisory helps identify compliance requirements across laws ๏ Risk categorisation of compliance basis penal provisions defined in laws ๏ Continuous legal research and auto updation of compliance obligations with impact assessment SALIENT FEATURES
- 6. REGULATORY INTELLIGENCE Across all category & type of laws applicable on business INTELLIGENCE CREATION ONE TIME RECURRING EVENT BASEDON-GOING Registrations, Licenses, Approvals, Certifications Monthly, Quarterly, Bi-Annual, Annual Filings Registers, Procedures, Displays, Provisions, etc Launches, Intimations, Modifications, etc EXTREME HIGH LOWMEDIUM Imprisonment / Operational Impacts MONETARY PENALTY COMPLIANCE MODULES INBUILID/CUSTOM RISKMATRIX Create custom 10x10 RISK MATRIX; plot entity wise IMPACT & LIKELIHOOD for each compliance obligation CENTRALISED LEGAL RESEARCH 2 STEPS QUALITY CHECKS EXPERT DATA VALIDATION CONTINUOUS REGULATORY UPDATES (Team trained on Global Research) (Internal / Local Legal Partner) (By Expert Legal Practitioners) (Near Real Time / Periodic)
- 7. APPLICATION FLOW Manage End to End Compliance Lifecycle ▪ Comprehensive coverage of all applicable laws ▪ Simplified language for easy understanding of compliance obligations ▪ Common checklists for consistent approach ▪ Enable accountability, checks and controls ▪ Bring all internal and external stakeholders on common platform ▪ Configurable forms, fields, and workflows ▪ Report adherence with compliance ▪ Manage document with role based rights to upload & download ▪ Mails for event base alerts, notifications & escalations ▪ Real time configurable reports and dashboards ▪ Centralised visibility into non compliance, issues and inefficiencies ▪ Enables proactive control & better decision making Create awareness of regulatory obligations Establish authority & responsibility matrix Single platform for compliance controls Reduce Risks with proactive monitoring
- 8. SYSTEM FUNCTIONALITIES Document Management ▪ Retain & archive ▪ Advance search ▪ Confidentiality tag Inbuilt Legal Libraries ▪ Compliance checklists ▪ Legal updates ▪ Corporate Events 3rd Party Compliance ▪ Access rights ▪ Collaborate & share data ▪ Reduces audit costs Access Controls ▪ Compliance organogram ▪ Role based access ▪ Reallocate tasks Management Dashboard ▪ Heat Maps / Comparisons ▪ Analytical dashboards ▪ Report Customisation Automation & Configuration ▪ Alerts & notifications ▪ Reminders & escalations ▪ Reports & status updates Ease of Use ▪ Auto populated calendars ▪ Simple user interface ▪ Training videos & manuals Scalable & Secure ▪ Single global application ▪ Multiple entities & locations ▪ Hosted on AWS cloud
- 9. USER TYPES & ROLES
- 10. IMPLEMENTATION PROCESS Application Updates & Upgrades Legal Updates & Consulting Trainings & Hand Holdings Legal cum Technical R&D Compliance Audits & Reviews Technical & Legal Support LIFELONG SUSTENANCE SUPPORT Business Discovery & Law Compilation Compliance Checklist Finalisation Application Configuration User Trainings & Application Go-Live Identify project team Business discovery using questionnaire Publish list of applicable laws on business Workshop with functional users to understand: ▪ Business operations ▪ Product / Services ▪ 3rd party contracts ▪ Other aspects defining compliance applicability Prepare client specific acts/rules, compliance checklists Identification of users: ▪ Performer / Approver / Group Owner ▪ CXO Users Map compliance to ▪ Functions ▪ Locations ▪ Internal & External Users Instance Setup on AWS Configure Application: ▪ User Level Controls ▪ Responsibility & Authority Matrix ▪ Auto reports ▪ Reminders ▪ Escalations ▪ Notifications ▪ Management User ▪ Compliance Auditor Activate End Users ▪ Classroom pilot & configuration testing ▪ Training of admin & Users (Onsite/Remote) ▪ Application Go-Live ▪ Post Go-Live Support ▪ Handing over admin control to client ▪ Handing over to On- going support team
- 11. 1 3 5 7 2 4 6 8 KEY DIFFERENTIATORS What makes stand out against other alternate options available in market KEY DIFFERENTIATORS GLOBAL COVERAGE • Supports 80+ Countries • No Regulatory Intelligence provider offers such extensive coverage LOCALLY VETTED CHECKLISTS • Tie ups with 100+ law firm partners for validation & updation of regulatory intelligence data • Cover all areas of laws - Central / Federal & State 4 COMPLIANCE MODULES FOR COMPREHENSIVE COVERAGE • One Time & Recurring • Ongoing Compliance Surveys • Event Based Compliance Advisory COMPLIANCE ECOSYSTEM • Vendors - 3rd party compliance • Compliance Service Providers • Auditors - Internal / External SCALABLE SOLUTION • Manage multiple geographies, entities, from single dashboard. • Add geos, entities as needed OTHER DIFFERENTIATORS • Analyse Impact on Directors • Work simultaneously on multiple entities & geographies LEGAL UPDATES • Auto updates in the system • Pre Committed SLAs • Users get E-mail intimation & copy of notifications on updates GROUND SUPPORT • Law firm partner services can be availed anytime • Cost Effective Rates, global coverage through single contract
- 12. GET IN TOUCH WITH US +91-9560-83-4141 | info@lawrbit.com | www.lawrbit.com Copyright © 2020 Lawrbit Lextech India Private Limited, all rights reserved. Lawrbit makes every effort to use reliable and comprehensive information, but Lawrbit does not represent that the contents of the report are accurate or complete. This document has been prepared without regard to the objectives or opinions of those who may receive it. Opinions expressed herein are entirely those of author(s) & the document is being furnished to you for your information only. Lawrbit is registered in India having Corporate Identity Number or CIN : U74995RJ2018PTC062060. DELHI / NCR CORPORATE OFFICE 865-A, Tower - B1, Spaze I-Tech Park | Sector 49, Gurgaon - 122002 JAIPUR KNOWLEDGE CENTRE: 32, Gopal Tower, Dadu Marg, GopalBari, Jaipur - 302001 MUMBAI REGIONAL OFFICE WeWork, JVLR, Opp. L&T Business Park, Andheri, Mumbai AHMEDABAD BRANCH OFFICE A2/512, Palladium Complex, Prahladnagar, Ahmedabad - 380015 ABOUT US We offer RegTech & Lextech solutions for Enterprises, Audit, Compliance & Legal Professionals globally. • Our decade of experience in creating Global Regulatory Intelligence and understanding real-life challenges of managing them have helped us create innovative, best in class solutions that are scalable & easy to implement. • Our solutions integrate Regulatory Intelligence across laws for 70+ countries with technology, making it easy for users to understand compliance obligations and be informed of the Regulatory changes. • Our Legal Network comprises 1000’s of legal experts from 100’s of Legal, CPA & Consulting Firms across 70+ countries having domain and territory expertise across areas of law. OUR SOLUTION PORTFOLIO ENTERPRISE SOLUTIONS • Global Compliance Management Solution • Legal Matter Management Solution • Enterprise Risk Management Solution PROFESSIONAL SOLUTIONS • Compliance Audit Management Solution • Compliance Service Management Solution • Litigation Service Management Solution FOLLOW US OUR LOCATIONS PARTNER LOCATIONS: BENGALURU, CHENNAI, HYDERABAD, PUNE, TANZANIA