Skelta Software Unveils Compliance Accelerator

In response to the growing number of corporate and accounting scandals in the recent past, companies are increasingly realising the importance to strictly comply with legislations as laid down by acts such as Clause 49 of the 1992 SEBI ACT.

These mandatory corporate governance laws require complete documentation and evaluation of financial statements to be personally certified by CEOs and CFOs. The law also calls for company top management to accept responsibility and be accountable for establishing and maintaining internal controls for financial reporting.

Given the wide-ranging provisions of Clause 49, effective compliance requires tight collaboration across the enterprise and a workflow-based compliance framework that can be rolled out immediately. This is where Skelta Compliance Accelerator comes into the picture; it is the right fit for the above task.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

Skelta Compliance Accelerator is a 100 percent Web-based, workflow-enabled compliance solution that facilitates documentation, management and assessment of internal controls. Skelta Compliance Accelerator uses the widely accepted COSO framework for control self-assessment and comes with pre-defined, customisable workflows, document templates and user-friendly drag and drop features that expedite your organisation’s compliance initiative.

Skelta Compliance Accelerator requires minimal implementation time and user training and enhances credibility to a company’s CEO/ CFO certification process – with clear audit trails, dashboards and comprehensive reports. For more information on Skelta Compliance Accelerator, click here.

Speaking on the launch of the Compliance Accelerator, Skelta CEO Sanjay Shah said, “As compliance with regulatory bodies increasingly becomes a concern for organisations today, using a scalable Business Process Management platform facilitates internal controls to be architecturally built in; hence increasing real-time activity, thereby allowing organisations to control risks, manage liabilities and ensure transparency of their processes through clear audit trails and comfortably comply with the Clause 49 mandate”.