What is Lawrbit?
Regulatory risks rank among the top three global business threats due to the multitude of laws at various governmental levels that impact each organization. These laws are not only subject to frequent changes but also possess a level of complexity that necessitates the involvement of various stakeholders, both internal and external, for effective management. For the Board to ensure accountability regarding compliance and regulatory risks throughout the organization, it is essential to comprehend which regulatory obligations correspond to specific business processes, policies, and controls. GCMS, offered as a Software as a Service (SaaS) solution, enables enterprises to establish a centralized framework for proactive monitoring of regulatory risks associated with a broad spectrum of compliance obligations arising from applicable laws; this facilitates the Board's efficient oversight of controls across different regions, functions, and industry requirements. Built on Twin Software Architecture, GCMS seamlessly combines technology with regulatory intelligence and updates for thousands of laws and regulations spanning over 70 countries. By streamlining the process of understanding and complying with all regulatory obligations, GCMS fosters a shared understanding among all stakeholders, thereby simplifying adherence and reporting requirements. Ultimately, this tool empowers organizations to navigate the complex landscape of regulatory compliance with greater ease and confidence.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Amazing Software for Board of Directors, Functional Heads and Management to get visibility on compliance status at any given point
Updated: Sep 06 2021SummaryLawrbit Compliance Management Software was implemented at one of our large MNC clients having multiple locations across India and we got access to it for reporting client's compliance.
Their support team is very prompt in reverting to any queries raised by us. The way legal compliance are described and categories basis action required makes it easier to understandPositiveThe “Legal Resources” section of their software lists all compliance in the act, rule, regulation, etc and is very detailed and well put.
Act Definitions can be compared across all laws applicable Regulatory Updates are Real-time and very detailed and analytical which compares change against previously applicable.
Event Planner is amazingly intuitive and detailed functionality; something I have never heard or seen before.NegativeThey have implemented Multi-Factor Authentication on GCMS; it asks for password and OTP when you log in.
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