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Governance, Risk and Compliance

Improve your company's state of compliance readiness and strengthen regulatory maturity, all the while upholding a professional atmosphere and ensuring your organization's preparedness for audits.

Empower your business to navigate the ever-evolving landscape of regulatory compliance with our Governance, Risk, and Compliance capabilities. Our comprehensive solution allows customers to establish and maintain appropriate controls, achieving their risk objectives effectively. By automating these processes, businesses can improve operational efficiency, mitigate risk, and enhance financial integrity. Our robust security features, including role-based access management and user authentication models, are user-friendly and audit-friendly. Moreover, our easily accessible audit trails enable swift and effortless investigation by finance leaders and auditors, ensuring the maintenance of strong security controls and accurate financial statements.

Compliance

Designed specifically for cloud environments, it’s armed with advanced security features to safeguard highly confidential data, such as credit card details and personally identifiable information.

Trust and Accuracy

Stakeholders can rely on the accuracy and completeness of financial statements, transaction documentation, and reporting.

Audit Ready

Efficiently supervise and validate controls to guarantee their seamless operations as intended, thereby playing a crucial role in maintaining the credibility of financial statements.

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Unified

Bringing data, technology & expertise together to transform your business and make future-ready.

Connected

Integrating different varieties of data to enhance transparency, insights, and transform digitally to capitalize on data and innovate without boundaries.

Interoperable

Reliable & Resilient – your platform & partner for digital transformation without limits.

Simplify, Secure, and Succeed

Experience a multitude of benefits that awaits

  • Safeguard your data by employing role-based access, robust password policies, strong encryption, and other security measures.
  • Mitigate the risk of fraud by continuously monitoring crucial financial controls through saved searches, alerts, emails, comprehensive reporting, and role-based dashboards, which can detect potential fraudulent activities.
  • Monitoring and validating controls effortlessly and ensuring their intended functionality strengthens the reliability of financial statements.
  • Enable decision-makers to make well-informed choices that align with the organization's objectives, minimizing the likelihood of unfavorable outcomes.
  • Identify operational inefficiencies and vulnerabilities to empower organizations to proactively address them.
  • Identify and evaluate risks, prioritize them based on their potential impact, and implement measures to mitigate or eliminate them effectively.
  • Stay informed about regulatory modifications, maintaining compliance with industry norms, and mitigating the detrimental aftermaths of non-compliance.
  • Boost stakeholders' trust in the precision and comprehensiveness of financial statements, transaction documents, and reports.
  • Adopt robust GRC practices to assist organizations in recognizing and eradicating superfluous expenses resulting from inefficiencies, penalties associated with non-compliance, and measures designed to mitigate risks.

Prominent attributes to enhance your organization

Nirmalya platform effortlessly integrates financial management and accounting with robust compliance management, resulting in enhanced business performance and improved efficiency of financial close processes, all while substantially minimizing back-office expenses.

Audit Trails

Efficiently managing user access and security is crucial for organizations, and our Audit Trails feature simplifies this process. The inclusion of role-based security and user access management ensures that authentication models are comprehensible, well-regulated, and seamlessly audited. With its robust and uninterrupted tracking system, this feature empowers finance leaders and auditors to promptly investigate any activity that might compromise security, controls, or financial statements. From configuration and customization to administrative and master data changes, our always-on audit trails make it easy to identify and address potential security risks.

  • Employ Role-based Access Control to effectively govern user access, defining specific permissions and access levels for each individual user, thus controlling the pages they can view and the tasks they can carry out.
  • Enhance the traceability and accountability of processes by establishing tailor-made workflows to streamline and enforce approval procedures, ensuring compliance and efficient operations.
  • Boost security efficiency by implementing automated, periodic scans to identify and address vulnerabilities, rendering manual scanning unnecessary, thereby expediting the identification and resolution of potential threats.

Tax and Accounting Standards

Gain a competitive edge and ensure compliance at all levels with our comprehensive multiple tax and accounting standards solution. Seamlessly manage complex accounting rules, tax codes, and regulatory demands by creating multiple sets of books tailored to diverse requirements. Our platform’s exceptional support for accounting standards empowers businesses to apply various accounting treatments to a single transaction, enabling accurate and effortless reporting. Streamline your financial processes, mitigate risks, and optimize operational efficiency with our powerful solution that adapts to your evolving needs.

  • Employ the creation of multiple sets of books to cater to varying accounting rules, tax codes, or other prerequisites at both the parent and subsidiary levels.
  • Utilize the inherent capabilities and processes of governance, risk, and compliance (GRC) to effectively tackle regulatory and operational compliance concerns.
  • Attain superior financial control by leveraging our smooth integration and user-friendly features, enhancing your overall experience.

Centralised Accounting

Streamline your intercompany accounting processes with our advanced Intercompany Accounting solution. Designed to simplify reconciliation and eliminate intercompany transactions, our automated system effortlessly saves time and mitigates the risk of errors. By seamlessly tagging purchase requisitions and sales orders as intercompany transactions, our solution allows the system to automatically post elimination journal entries upon invoicing, ensuring accurate financial records. Furthermore, our unique intercompany integration feature empowers accounting managers to consolidate mutual subsidiary balances and effortlessly create settlements for selected transactions. Discover a smarter way to manage your intercompany accounting activities, maximizing productivity and enhancing accuracy.

  • Effectively recognize and align intercompany transactions, automatically record elimination journal entries, and promptly reconcile intercompany accounts.
  • Gain access to consolidated financial information spanning multiple entities, enabling stakeholders to evaluate the profitability and cost-efficiency of diverse business segments or subsidiaries.
  • Centralize and standardize intercompany procedures to ensure compliance with regulatory mandates, internal policies, and accounting principles.

Resolving a wide range of challenges

Timely Statements

Financial consolidation becomes easier and faster with the aid of dual posting transactions, multiple accounting books, and automated reporting, enhancing efficiency.

Centralised Control

Efficiently recognize and align intercompany transactions, automate the posting of elimination journal entries, and promptly reconcile intercompany accounts.

Access Control

Centralized data enables the personnel at the headquarters to effortlessly monitor and analyze performance at both the parent and subsidiary levels in real-time.

Nirmalya has empowered us to implement operational transformations seamlessly within our organization, leading to a significant reduction in the time required to conclude financial reporting activities at the end of each month. Moreover, by leveraging a unified platform, we have successfully streamlined our processes, achieving remarkable operational efficiencies.

N Kedarnath | CIO, Oriclean

Accelerated Value Realization

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

How much does it cost?

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.

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