In 2014, a British multinational banking and financial services company was fined $77 million in one day for failing to keep its clients' assets separate from its own. The incident not only had tarnished the company’s image but also disrupted the trust which clients had on them. This incident has been considered as one of the biggest and costliest examples of penalties for not meeting compliance requirements. In the wake of various corporate scandals, organizations are gradually becoming more vigilant and have been trying to enforce a growing number of regulations and minimize compliance efforts through compliance software. Keeping up with compliance requirements, Mumbai headquartered TSS Consultancy creates cost effective compliance management products that help organizations in getting complete control of crucial compliance related areas like adherence to regulations by SEBI, RBI and other statutory bodies like NSE, BSE, CDSL, NSDL etc. “Businesses need to have compliance technology partners who are not only sound in terms of technology but also constantly updating and beating deadlines”, says Sagar Tanna.

The company provides cost easing to its clients through its compliance technology solutions which run on an yearly licensing mode without any upfront cost. The company has developed ‘TrackWizz’-a comprehensive product suite that offers Anti Money Laundering (PMLA) Solution, Insider Trading Regulations Solution, Franchisee Management Solution (Intermediary), Document Management System (DMS), Business Process Management (BPM) and Research Analyst Compliance Solution. Being a well-known name amongst the cadre of compliance management solution vendors, TSS credits its seasoned and certified trainers and their deep compliance expertise, early reporting of regulatory changes, and not to mention, the mature implementation programs of product which bents on saving resources for its success.

With money laundering incidents doing the rounds across business verticals, financial institutions are experiencing tremendous pressure to obliterate chances of suspicious transactions and ensure smooth and safe business. TrackWizz AML compliance program provides a relief to both small and large institutions by helping them prevent or report money laundering activities by the clients using a Risk based approach. “It is very robust, versatile and intellectual solution which helps generate quality alerts and provides quality inputs to analysis team around the alert to help make decisions faster”, says Sagar Tanna.

With every passing second, information in an organization is soaring at an unprecedented rate. Organizations can use this information to identify business weaknesses, analyze and optimize organizational processes, but if not accessed at the right moment and in the right way, the same information can cause sharp downturns. TrackWizz DMS Solution makes it easy to get relevant information in the right way without having to spend extra time and streamlines documentation processes. “We have made retrieval and access to information as our top priority. The solution comes with work flow capabilities there by allowing you to implement processes while integrating with multiple platforms in your organization”, says Sameer Tanna.
The company firmly believes that with the right compliance solution, a company can always work towards higher productivity and better market performance without any fear of infringement. Currently with clients like Axis Bank, HDFC Securities, Angel Broking, Sharekhan, SBI Cap Securities and many more in India and outside in its arsenal, TSS is dedicated to continue promoting and enabling stronger governance and better compliance across businesses.