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Lawgical Talk #19: Global Capability Centres in India : Managing Regulatory Expectations with Internal Limitations on November 28, 2024 @ 4:00 PM | REGISTER NOW!
COMPLIANCE SERVICE MANAGEMENT SOLUTION

COMPLIANCE SERVICE MANAGEMENT SOLUTION

Grow your compliance service portfolio beyond the
existing geographies, area of expertise, build agility,
speed & consistency in service deliveries; improve
transparency in client interactions

GROW BEYOND
EXISTING TERRITORIES

COLLABORATE IN
GLOBAL ENGAGEMENTS

EXPAND PORTFOLIO
WITHIN EXISTING GEOS

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COMPLIANCE SERVICE MANAGEMENT SOLUTION

Consulting Firms offering compliance services often face multifaceted challenges both internal like creating a legal knowledge repository, keeping it updated with most recent changes, providing access of database to the entire team while ensuring data security, team retention, ensuring lower cost of services, and external like client management, defining scope or work, co-ordinating with client, secured flow of data and many more.

While juggling with the challenges, the Managing Partners will also have to ensure they expand their service scope by covering more area of laws, geographies, reduce person dependence, improve margins and also create a competitive edge in market.

LAWRBIT VALUE PROPOSITION

Lawrbit Compliance Service Management Application brings regulatory intelligence and technology tightly integrated into a single framework to help Consulting Firms offering compliance service to manage their service deliveries, work flow of interaction between compliance team and client, client service and plethora of other services. Integrating technology in compliance service process enables service providers to reap maximum benefits by adopting best practices, reduces errors, costs, improves efficiencies and ROI.

Lawrbit Global Regulatory Intelligence is created and continuously updated with regulatory changes through collaborative efforts of legal experts globally. Lawrbit provides a centralized repository of Regulatory Obligations, Legal Documents, Key Legal Terminologies, Regulatory Changes that can be commonly accessed by everyone across the firm including partners, managers, auditors, etc.

70+
Countries Covered

1,000+
Regulatory Bodies

5,000+
Laws & Rules mapped

1,00,000+
Obligations Mapped

SALIENT FEATURES

  • Single repository of applicable laws and regulations for businesses across globe
  • Mapping of compliance to risks matrix basis penal provision & internal guidelines
  • Modular approach buckets compliance basis nature - One Time, Recurring, Ongoing & Event Based
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Our innovative engagement model to partner with Legal and Accounting firms gives us scale and agility to faster engage & deliver even in jurisdictions where we currently don't have any presence; effectively allowing us to serve clients anywhere in the globe.

The network brings strong domain expertise and noteworthy commitment that lends highest credibility to the Regulatory Intelligence inbuilt in our solutions. While working with global clients to provide single point solution for compliance requirements, availability of credible partner channel help us improve client’s confidence, reduce delivery timelines and costs.

100+
Legal & Accounting Partners

500+
Lawyers & Accountants

SERVICE PROVIDERS CAN LEVERAGE LEGAL PARTNER NETWORK

  • Collaborate with local legal partner for executing multi country compliance mandates
  • Local representation for your client’s global locations; win client’s trust and save costs
  • Brings agility and speed to your client pitch, increase penetration in global accounts
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FACILITATES DUE DILIGENCE

  • While on-boarding new client, it can facilitate due diligence by auto generating compliance for defined period - All area of laws in scope
  • Provide access to client for uploading copies of Licenses, registrations, proof of recent compliance
  • Document repository created, saves time and remove errors for client on-boarding team

CLIENT-WISE SCOPE OF WORK

  • Configure Multiple client entities in multiple countries in single application
  • Activate only relevant Acts & compliance in accordance with agreed scope of services
  • Multi Level responsibility & authority matrix
  • Compliance wise responsibility to client’s team or internal team improves coverage & coordination

ALLOCATE RESPONSIBILITIES

  • Collaborate with client’s compliance team, provide system access to report corporate events, run self assessment compliance survey compliance
  • Auto generate compliance & renewals
  • Use secured links to receive data from client
  • Create custom workflows for every compliance having client dependence, maintain audit trails

FACILITATE 3RD PARTY AUDITS

  • Map client compliance ecosystem including external vendors engaged for services
  • Facilitate compliance audit on client’s 3rd party
  • Distribute compliance task wise responsibility
  • Define Approval and escalation matrix
  • Reallocate responsibilities & data on a click

INCREASED REVENUE POTENTIAL

  • Enable & facilitate teams for:
    • Compliance Advisory
    • Corporate Event Advisory
    • Compliance Due Diligence
    • Practice more laws
    • Identify applicable statutes
  • Increase individual potential & productivity

CLIENT-WISE DASHBOARDS

  • Bring transparency with client by providing CXO dashboards with analytical charts, heat maps, health reports, etc
  • Automate compliance reports for stakeholders - both Internal and client users
  • Enable invoicing basis SOW delivered, enable client approvals on compliance related expenses

CLIENT TESTIMONIAL

“Productivity of our compliance experts post implementation of Lawrbit has increased multi'fold while Onboarding or serving an existing client. We now have a transparent relationship with our clients as we have clearly defined SLA’s and well oiled tracking mechanism for each action by either of the teams.

Earlier clients had to wait for our team’s revert whenever they asked for status reports, documents, etc; but now they can get all they need without any involvement of our teams and that too on real time basis; this has surely made them happier. Time saved in operational issues are now been spend on more strategic involvement in client’s business.

Lawrbit has helped us improve overall delivery quality in Compliance Services and we are able to expand our service portfolio with their detailed Regulatory Intelligence.”

KAILAS BHATTBHATT

Audit & Assurance Partner

Baker Tilly, Tanzania

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