When you operate your business, staying in compliance is of paramount importance. Compliance risk, fines and penalties can impose severe financial hardship, while negative compliance publicity can impact your corporate reputation and your ability to succeed in-market. From accounting tax to payroll and legal administrative compliance, the more branches you operate in, the more staggering the task.
Whether you require integrated accounting, payroll and compliance services, or just need help managing local compliance in conjunction with your own accounting.
Regulatory Compliance Review
Regulatory agencies are becoming more involved in the enforcement regulations and rules. In this era of change, agencies are conducting frequent inspections and sanctions are becoming stricter by the day. Penalties can be expensive and this can affect your profit margins. Failure to comply with these regulations can also increase liability in the court system by spending man hours on litigation. PML Advisory consultants will evaluate your company compliance program, review regulatory process, policy and procedure against regulatory requirements, expectations and the leading industry practice to identify gaps and opportunities for enhancement. We can also work with your company to revise the gaps.
Regulatory Compliance Content
In this dynamic regulatory environment, having a repository of compliance is very imperative with most companies trying to keep pace with regulatory changes. This requires detecting, tracking, and understanding which laws/compliance they are exposed to and how this impact their business as a whole. We have developed the regulatory content for the Nigerian market covering over 10 industries, 58 Acts and Laws and over 100 circulars and guidelines. Our robust regulatory content would help in identifying relevant regulatory compliances to your organisation.
Laser Legal Compliance Software
Laser Legal Compliance Software provides a central repository for storing and organizing all types of regulations and laws with the provision fully described and explained for ease of compliance by the compliance owner. The integration with external sources enables the solution to capture information such geographic area, issuing organization, compliance description, start date (application date), modification date, end date, title, compliance provision. This information is stored within the system to enable easy access, and prevent duplication. Users can run an advanced text search on this content and use import functions to insert regulations/rules in the system for an article or a list of articles.