Why Software for Compliance Management ?

The cost of compliance is far cheaper than the cost of non-compliance. You could lose your identity if you don’t comply with law of land. In India, every business needs to comply with many regulations including :

1. Income tax compliance

2. GST Compliance

3. Shop & Establishment Act Compliance

4. Provident Fund Compliance

5. Professional Tax Compliance

6. Factories Act Compliance

7. Reserve Bank of India Compliance (RBI Compliance)

8. SEBI compliance

9. Listing Compliance / LODR Compliance

10. Companies Act Compliance / MCA Compliance

11. LLP Compliance

12. FSSAI compliance

13. Insurance Compliance / IRDA Compliance

14. Contract Labour Act Compliance

15. Labour Compliance

16. Factory Compliance

17. Fire Compliance

18. Water Compliance

19. Pollution Compliance

20. Secretarial Standard Compliance

21. Road Safety Compliance

22. Warehousing Compliance

And within these regulations, there are more than 100 compliances under each regulation. It’s humanly impossible to remember every compliance and with growing businesses and multiple people responsible for compliance businesses must go for compliance software to avoid the risk of missing out on any compliance resulting in financial penalty, loss of business, loss of reputation, and in extreme cases imprisonment for non-compliance.

India is a federal country that thereby makes the Statutory Compliances split into Central and State compliances as well. As the business complexity is increasing and significant initiatives by the Government towards digital compliances and online filings, it’s impossible to follow the traditional route of managing compliance and regulatory filing functions with the use of Excel sheets or noting down in diaries. In addition, the amount of compliance has been increasing with the passage of time over the years, thereby creating an additional burden for all types of businesses to comply with these ever-increasing compliances.

Therefore, all forms of entities viz. Companies, Firms, Proprietorships, etc have to spend a considerable amount of time complying with the laws of the land.

Technology Innovation is the key to managing scale, minimizing errors and enabling smooth workflow

Volody software products are well designed and made for corporates and practicing professionals to run their businesses with no fear of missing any compliance or error in any secretarial, legal, tax, or compliance management.

These products include:

Secretarial Automation Software

Preparation of Corporate Records (Minutes, Agenda, Notices)
Auto Preparation of MCA forms
Filing of MCA forms
Auto Preparation of Company incorporation documents
Secretarial Standard Audit
Auto Preparation of Registers
Access to all important regulations, acts & rules
Centralized & Organized storage of data
* Word download facility
* Compliance Management System
* Document upload & storage facility

Board Meeting App (Paperless Board Meeting)

Communicate with all stakeholders
Web-based application
Share Notices, Minutes, and Agenda with Board Members and stakeholders
Comments facility for Board members
Calander scheduling
Secured documents flow
Editing, Notifications
Anywhere access to Board folders
Auto sync to all devices

Compliance Management Software

Organization-wide management of all compliances
Listing of all compliances for various acts applicable to your entity
Responsibility matrix of all users responsible for ensuring compliance
Reminder emails to all users before the deadline to ensure no compliance is missed
Escalation to seniors so that any non-compliance gets escalated
Dashboard to see the compliance scorecard
Availability of various acts
Communicate with all stakeholders

Litigation Management Software

Listing of all open & closed legal cases/litigations in various courts
Admin function to allocate/assign work to a team member
Information on other party names
Information on the cause of litigation
Information on the advocate of another party
Information on the department responsible
Information on the Legal Team responsible
Information on the Advocate handling the case
The cost of each hearing and money spend details
Information on the development of the case in past and future dates
This reminder to all concerned for the next date of the case, a reminder for updating the proceeding of a past date
Information of relevant section, law being applied while filing the case
Information to insert details of past judgments of similar cases
Information on the name of the court and name of the judge
excel upload facility
excel / word/pdf download facility
Dashboard giving MIS / info on cases
MIS reports / Financial MIS on possible liability or money incurred on the case or overall spend

Contract Management Software

Listing of all open & closed contracts/agreements signed by the company
Admin function to allocate/assign work to a team member
Information on the department responsible (Business / HR / Technology) within the Company
Information on the Legal Team responsible (name, contact number, email id)
Information on Law firm part of drafting or vetting, if any (name, contact number, email id)
Spend on legal drafting
Information on the indemnity clause
Information on maximum liability
Start date of the contract
The expiry date of the contract
Reminder to all concerned for the expiry of the contract (you can set reminder date with 30 days / 60 days etc)
Escalation reminders to seniors in case the contract is not renewed
Update the field for users to provide updates on legal agreement renewal
Commercial terms of the agreement
Information on name, email, and contact number of other party in the contract agreement
excel upload facility
excel download facility
Dashboard giving MIS / info on all agreements
MIS reports / Financial MIS on possible liability or money incurred in drafting legal contracts from external law firm

Tax Compliance Software

1. Simple utility to prepare an Income tax return.
2. Auto tax computation.
3. Know TDS thresholds with a single click
4. Prepare and file TDS return in 5 simple steps.
5. Prepare TDS returns via a simple Excel upload utility.
6. No need to download challan CSI file and FVU validation.
7. Prepare revised TDS return in only 4 steps.
8. Save all your registration, calculation, and return of all types of taxes in one place.
9. Upcoming module – GST

Business ERP

Cloud-based Business Management Software