Choose the GRC-road to success:

Well, there is a saying, “where there is quality, there’s compliance”. Competition breeds regulations,

which is when compliance becomes a burden.

Walk into your office and ask your leadership committee these questions:

“Are we compliant?”

“Are we staying within the guidelines as mentioned by the government?”

Go on… count the number of poker faces you see, that’s how risky your business is!

Just because you are not breaking the law, doesn’t mean you are doing the right thing. You never

know.

It’s about higher standards and this is where Compliance comes to play.

One has way too many complexities to deal with- regulations, investors, Global Volatility, Auditing,

Management. Most of the corporates manage all these with their super cool spreadsheets and that’s

how they end up in hot gravy!!

This is where GRC comes to the rescue. These solutions not only offers features to help companies

and monitor their GRC initiatives, but also action and automate them, thereby reducing the human

effort required.

Automated compliance process is always considered to be the best investment for any firm. It is

definitely cheaper than hiring new staffs to deal with the process. Particularly in today’s scenario, it

is said to be the best savings for a firm.

Step out of the era where spreadsheets played a dominant role. Why waste so many hours of your

time when a single software can save so many?

Following from a company’s core ethics to government regulations, GRC provides a high degree of

visibility- a perfect tool that help them track, audit, prioritize and act.

Today, with the growth in technology and software solutions, there are tools to implement

corporate governance protocols with far more ease and accuracy than ever before.

Thanks India…

Even developed countries like USA have not tried this. Taking a hard step to nix the black money. There are n number of compliance policies around this Anti Money Laundering(AML) leading to Black Money. Every regulator trying their best to put their banks under tight ship to achieve it. But the place where they fail is the citizen adoption. The Exec Secy. of AML- CTF(Anti Money Laundering- Counter Terrorism Financing) of FATF tweeted his international endorsement on India ‘s thought leadership.

http://www.fatf-gafi.org/about/fatfsecretariat/

https://twitter.com/djwlewis/status/797370432869560320

When i read the PM announcement I was giving interview to Reuters along with friends from Hong Kong Monetary Authority on how RegTech (Regulatory Technology) is going to change the world. When i was day dreaming for a better world without any corruption, any black money, all fully compliant with regulations of the region, MY leader, the country ‘s Prime Minister went ahead and put the country into a roller coaster ride which they have not ever dreamt, heard of. He initiated the very famous demonetisation drive with drawing 500, 1000 rupee notes with tons of stricter controls. The country took total 48 hours to understand that they need to go crazy.

I spoke to many friends of FixNix in RBI, media houses across country, bankers, entrepreneurs, commoners, family people for past few days after this is being carried out. Everybody express their inconvenience because of the nitty gritties of the way its being implemented. But none complained that it ‘s going to set up the country back wards. Except the political opponents who are doing this for the sake of opposing, there is a pin drop silence as every body in political world is also stumbled. The prime minister might have earned his politico fraternity ‘s ire also as it has put them also into inconvenience. The state (Gujarat) which has got him to the national scene is also not happy. But who are not happy ?

1. The guys who claim they are clean, but hold crores of money which were never accounted
2. Traders who do huge cash driven business
3. Education institutions
4. Hospitals
5. extremist outfits
6. political aspirationist associations
7. corrupt government officials
8. contractors
9. real estate professionals
10. hawala, angadi operators and many more.

Wanted to share only one piece of information to all the above who hate this move towards cashless economy without black money, there will not be many opportunities every country will get to come back from ashes. Its called phoneix moment. I know it as a company i have gone through it few times, aligning with our nixy-sexy-fixy name. The moment has come for India. DO NOT KEEP CRIBBING PLEASE HELP THE COUNTRY COMPLY… If you want help about how to run a compliant organization, reach us out. Note: As a startup, i see this is going to pep our bankers appetite so that they will fund more as their liquidity is good. As a regTech entrepreneur, will term this as an awesome move, This is like democratizing compliance and taking it to masses so that everybody is compliant. RBI is suddenly becoming a IRS like brand

http://www.ndtv.com/india-news/pm-modi-gets-emotional-says-left-family-and-home-for-nation-1624869

http://timesofindia.indiatimes.com/india/More-projects-to-fight-graft-ready-to-face-consequences-PM-Modi/articleshow/55399285.cms

http://indianexpress.com/article/india/india-news-india/pm-narendra-modi-demonetisation-corruption-black-money-benaami-property-4373110/

http://www.firstpost.com/india/demonetisation-new-currency-notes-are-all-narendra-modi-hindi-and-new-delhi-3103126.html

http://economictimes.indiatimes.com/markets/forex/india-goes-cashless-too-soon-will-modis-big-idea-work/articleshow/55327851.cms

http://www.firstpost.com/politics/rs-500-rs-1000-notes-crackdown-how-narendra-modi-government-planned-the-currency-operation-3098118-html-3098118.html

http://www.businesstimes.com.sg/banking-finance/banks-lure-30-billion-deposits-as-indians-struggle-to-find-cash

FixNix FreshGRC Redefines “Compliance On The Go”

FixNix has unveiled the world’s first Cloud based Governance, Risk and Compliance management platform with its latest, major release of FreshGRC. Armed with an award winning GRC platform, this latest cloud based product comes with Audit, Risk Policy, Incident, Whistle Blower reporting, Vendor Management and Business Continuity Management modules. The revamped UI also boasts a multi-channel Dashboard and Email Integrations to ease CXO’s activities.

“The current situation demands that every organization needs a one stop solution to manage the compliance needs of the industry “ says Mr Shanmugavel Sankaran, Founder and Chief Nixer at FixNix.

“At the same time the platform needs to be flexible enough to be easily integrated with other ERP Solutions” he clarifies.

Our goal with FreshGRC is to provide a quick, User-friendly, customizable, intuitive product to the CXO’s of the organizations at unbelievably affordable prices.

Starting at $550/month for the Audit-Risk Module and $210/month for the Risk Analytics and Whistle Blower modules.

Policy, Incident, Asset, Business Continuity and Fraud management modules are currently available on request, to gain access please write to sales@fixnix.co

The entire suite is available on three licensing models:

1. Pay as you go
2. Subscription
3. Perpetual

There’s also a new GRC Enterprise edition catering specifically to large businesses with features like dedicated Private Cloud, service level agreements, and dedicated support staff.

For more information on FixNix’s FreshGRC suite visit www.freshgrc.com

Additional Resource:

• FixNix News: https://www.fixnix.co/news
• FixNix Twitter : https://twitter.com/fixrnix
• FixNix Facebook: https://www.facebook.com/fixRnix
• FixNix LinkedIn: https://www.linkedin.com/company/fixrnix
• FixNix Youtube: https://www.youtube.com/user/fixrnix

About FixNix :

FixNix offers GRC solutions for businesses in the form of a Cloud based platform for all necessary modules to run their Governance, Risk and Compliance necessities. Businesses can streamline their Audit Risk policy systems and empower the auditors to create, store and distribute crucial information to the right employees on cloud.

FixNix is a division of FixNix Inc., a privately held entity with more than 50 employees. Although Headquartered in Fremont CA, FixNix has its International Headquarters in Chennai, India and offices in Singapore and Hong Kong .

For more information visit here.

Contact Us:

FixNix Inc.,
Shanmugavel Sankaran
+91-8790878222
shan@fixnix.co