Simpliance Technologies (Simpliance), an associate of Quess Corp, is looking at an international expansion opportunity on the labour laws front. The company, which uses a digital labour law compliance management tool, aims to help organisations to comply, manage and monitor the health and risk status of labour legislations in their country.
Anil Prem D’Souza, Founder & Chief Evangelist of Simpliance said, “We have been able to cut down the time taken on labour compliance related activities significantly. Going forward, we are looking at expanding globally.”
D’Souza said that since they are a Google-integrated company, they could go global and map all the labour laws of the globe. This, he said, will help global companies identify the particular laws in every location that they operate in.
Started in 2015, Simpliance is a Bengaluru-based compliance technology firm and has been piloted at corporates and staffing companies. He said that they targeted both large corporates as well as startups.
Currently, labour compliance today is manually driven with variations in compliance requirements based on the company’s location. Companies depend on local consultants and legal experts to ensure compliance with state labour laws and regulation.
According to D’Souza, about Rs 4000 is spent per office on compliance. That amount multiplies when the number of offices are much higher for companies with presence across locations.
In October 2016, Quess Corp entered into a definitive agreement to acquire 45 percent stake in Simpliance. Quess’ investment was focused on helping develop and ramp up the Simpliance technology platform which is aimed at providing a one stop comprehensive solution for meeting the labour compliance requirements of corporates.
“Apart from global expansion, we are also looking at environmental health and safety. That is an area of concern for Indian companies and we will be able to provide solutions,” he said. The company has more than 120 clients that includes both startups and very large companies.
He said that they have put an algorithm around it where they have patented the information. They have also seen large law firms coming to their platform to pick up the right sets of compliance.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
