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Case Study
Our work stands testimony to our expertise.
Quant LegalTech has proven to be the best in what they do, We are completely satisfied with services offered by this company
- GrameenKoota
Financial
Services
193
Warehouses
14
States
500+
Employees
Complius helped GrameenKoota be ready for IPO/SEBI requirements, streamlining audits and reducing manpower to work on compliance from 246 to 36.
Challenges
- Large number of legislations and reporting to multiple regulatory authority
- Procedure to adhere to a set of compliance frameworks and communication on Compliance status was not consolidated at any one place.
- Retrieving of historical data
- Lack of ownership /awareness of compliance requirements
Quant LegalTech Solution
- Gap analysis & mapping of applicable compliances through questionnaires and interviews.
- Identification of ownership of functional staff
- Comprehensive and real-time Report generation across all the department
- Separate auditor access was created
Result
- Smoothen due diligence process and reduced time for conducting Internal Audit and reporting
- Visibility of accurate compliance status on real-time basis for the CXO’s
- Streamlining in tracking compliances for new or additional locations
- Helped manage the compliances while scaling its business from 500+ location to 900+ locations
The compliance report is an integral part of our legal team and we are compliant with laws more then ever
- Prataap Snacks
FMCG
Company
07
States
800+
Employees
Complius helped Prataap Snacks streamline company compliances, drastically reducing cost and being investment ready for all future funding rounds.
Challenges
- Low awareness & adoption of compliances
- Received notices related to Labour/Environment- Proofs were missing
- Ramping up of factories in multiple locations
- Pre-investment series A stage
Quant LegalTech Solution
- Multiple locations site visit & mapping of applicable compliances
- SPOC assigned from OneDelta to advice / consult / support customer
- Pre-Listing Compliance Mapping for the company including industry-specific regulations
- Preparation for legal Due-Diligence
- Creation of VDR [another product offering from Quant LegalTech]
- Instantly uploaded all Compliance proofs into VDR for due diligence
Result
- Secured Series A & B @ $50M
- Current Compliance Adoption and Completion is greater than 95%.
- Reduction in Proof Discrepancy from 11% to less than 1%.
When auditors came knocking, we were scrambling to find the proofs/filings. On one occasion, we had to fly a person up to our factory in Himachal to retrieve them“. I spent ~₹15L just to be audit-ready
- CEO, Wildcraft
Manufacturer & Retailer Adventure Product
193
Warehouses
23
States
500+
Employees
Complius helped Wildcraft be compliant with laws beyond standard regulatory at ease while reducing cost and be audit-ready anytime
Challenges
- Received a show-cause notice and were not able to trace documents
- Auditors were asking for reports from 8 years prior – these were not available
- Wanted visibility of compliance status across departments
Quant LegalTech Solution
- Assigned a CSM [SPOC] –site visit–advised management on high-risk gaps
- Mapped 5 years retrospective compliances
- Implemented Proof Processing + department & User wise aging reports
- Separate auditor access was created
Result
- Quarterly review of compliance status with all department heads
- Customer requested INTERNAL COMPLIANCE monitoring – above & beyond standard regulatory compliances
- Saved the company ₹15L per annum in audit cost as all documents were online accessible 24×7