Large industries and MSMEs often grapple with complex statutory laws and regulations, where non-compliance can lead to significant penalties and reputational harm, hampering their growth. In response, Comply Well Tech Solutions (CWTS) excels at creating advanced, technology-driven e-compliance modules, integrating extensive expertise across various compliance domains. Recognizing the dynamic nature of the growing economy and evolving regulations, the company dedicates itself to supporting industries of all scales, playing a pivotal role in enhancing compliance practices.
"Based in Madurai, Tamil Nadu, with a co-working space in Bangalore, we were established to streamline regular compliances. The company has implemented significant automation in its services, particularly labor law compliance. Unlike many other service providers in India who still operate manually or claim partial automation, our company has introduced fully automated systems. For instance, our product 'C Qube - Contractors Compliance Check' automates the vendor audit process, drastically reducing the time required to generate audit reports compared to manual methods.
This includes checking statutory parameters such as timely labour license approvals/amendments/ renewals, over time provisions, Weekoff Provisions, National & Festival holiday, salary disbursal, compliance with minimum wages, compliance with workmen compensation, EPF, ESI, PT, LWF, Bonus contributions, and records keeping", explains Shankara Pandian, CEO.
Shankara Pandian, CEO of Comply Well Tech Solutions, holds a degree in Economics (2007) and an MBA in HR and Marketing (2010). With 14 years of experience, including 12 in labour law compliance, and a PG Diploma in Administrative and Labour Law (2019), his vision for automating compliance services has established CWTS as a leader in the KPO industry.
Streamlining Compliance
CWTS provides a wide range of services, including compliance services for contract labor and factories, legal services, industrial licensing services, and inspection services. The company has developed more than eight products, with four currently implemented and successfully running for clients, the company aims to complete the remaining products by 2024 for seamless integration and service delivery.
Key products include C Qube, which automates vendor audits and compliance checks, ensuring a quick and accurate assessment of statutory parameters. Payroll on Time (POT), automates the preparation of registers under the Contract Labour Act, accommodating diverse state-specific formats. Another product, H Bot, streamlines statute payments verification by highlighting UAN numbers, IP numbers, and Bank statement contributions for client specific locations. At the same time, Litrack manages litigation notices and summons from the Labor Department, providing a dynamic dashboard to track and prioritize notices.
Furthermore, CWTS ensures data security by utilizing AWS cloud storage and encryption, controlled access, and regular password resets. The backend is built with Python and the frontend with Angular, with plans to integrate AI for enhanced accuracy and reduced turnaround times. The company employs a dedicated team of 30 professionals, including 20 IT specialists and 10 operational experts. The operations team, with over a decade of experience each, excels in liaising with authorities, managing notices, and collating required documents on behalf of clients. This extensive experience, combined with technological advancements, enables the efficient resolution of compliance issues.
Currently, CWTS offers user-friendly interfaces that simplify compliance tasks, making them accessible even to non-technical users. Training for clients is straightforward, typically taking 1-3 days. CWTS’ products are designed to be elegant and easy to understand, ensuring efficient use and quick adoption. Their products stand out due to a deep foundation of compliance knowledge, ensuring comprehensive coverage of vendor audits and other compliance aspects. This technological and knowledge-driven approach positions the company's products as superior to other service providers in the market.
Lastly, the company's short-term goal is to complete the remaining five products by this year, automate HRMIS, government approvals, industrial licensing, PF/ESI challan generation, and inspection services. The longterm vision is to become a global player by 2030. The company aims to provide a comprehensive suite of nine interconnected tools for managing all compliance aspects, accessible via a cloud platform and future mobile app. This approach helps clients avoid penalties, manage inspections smoothly, and focus on their core business activities.
