Monday, January 23, 2017
India’s Largest Telecom Company to Deliver Enterprise-Wide Compliance Management Now Runs on Simpliance Platform
In a move set to revolutionize labour law compliance administration and management in India, about 40,000 pages of complex legalese content has been catalogued into a patent-pending ERP tool – Simpliance for free public access. Quess Corp, India’s leading integrated business services provider has bought a 45% stake in Bengaluru-based Simpliance. The SAAS-based, plug-and-play software will be deployed for labour compliance management across shops, establishments, factories and enterprises in the country.
Simpliance has also inked deals with large Indian Corporates for implementing enterprise-wide compliance across their pan-India branches. Simpliance is working towards a goal of 10,000 licenses that will bring in more companies in India under the compliance ambit by 2016-17. It is also set to expand into overseas markets including Sri Lanka, Malaysia and Singapore by 2016-18.
“Labour compliance industry in India is currently pegged at Rs 600 crores,” says Anil D’Souza, founder of Simpliance. “Labour law compliance in India is beset with complications unlike financial or other industry regulations, which already have players with designed systems for governance and course correction.”
“India’s growing number of SMEs is becoming increasingly vulnerable and finding compliance to labour laws is highly expensive. Adding to the complexity is compliance laws’ inherent inertia: it is neither replicable nor standardizable across industries. For the first time ever, Simpliance has automated labour compliance to help companies identify the regulatory requirements in an intuitive, user-friendly and hassle-free manner. We will slowly expand its scope to cover all regulatory compliances and standards in the coming years,” he adds.