Statutory Analytics for HRMS

Statutory Analytics is important because it helps organizations stay compliant with legal and regulatory standards, reducing the risk of fines and penalties

Request a Free Demo   ➜
thumbnail
thumbnail

What is Statutory Analytics ?

Statutory analytics is the use of data analytics to keep an eye on and make sure that legal and regulatory rules are being followed. It helps businesses keep track of how well they're following laws like tax codes, labour laws, and industry standards. Statutory Analytics gives information about compliance status, points out possible problems, and helps organisations deal with risks before they happen through real-time monitoring, automated reporting, and risk assessments. It helps people make better decisions by looking at past data and predicting what will happen in the future. This keeps regulations in line and lowers the risk of not following the rules.
Real-Time Data Visualization
Compliance Reporting
Trend Analysis
Risk Assessment

Real-Time Data Visualization.

With customisable, interactive dashboards that show live metrics across departments, you can get instant insights into compliance data. With this feature, HR can quickly find gaps in compliance, assess ongoing risks, and make quick, well-informed decisions. Being able to customise dashboards means that teams can keep an eye on the KPIs that are most important for staying in compliance, letting you focus on what's most important for your organization's regulatory needs.

Compliance Reporting

Compliance Reporting automates the process of making reports that follow the law, which cuts down on errors and manual work. When reports are generated on a schedule, HR and compliance managers can get updates on a regular basis. This keeps everyone informed and ready for audits. This feature makes sure that compliance data is always up-to-date and easy to find. This makes audits go more smoothly and makes sure that compliance always meets regulatory standards.

Trend Analysis

Look through old compliance data to find patterns and trends that have been going on for a long time. Trend analysis helps HR teams figure out how well past compliance efforts worked and compare them to standards in the industry. With predictive analytics, businesses can see and deal with possible compliance issues before they happen. This lowers the chance of future problems and encourages a proactive approach to managing regulations.

Risk Assessment

One of the best ways to find and fix possible compliance holes is to use risk assessment. A complex scoring system draws attention to high-risk areas, making it easy for HR teams to see what needs their attention. Teams are notified of new risks by proactive alerts, and automated recommendations give them quick and effective ways to deal with these problems, which helps protect the organization's compliance status.

OUR RECOGNITIONS

Awards and Accolades

Award 1
Award 2
Award 3
Award 4
Award 5
Award 6

Upgrade Your Process : Book a Personalised Free Demo in Minutes !


Book a Free Demo   ➜

Frequently Asked Questions

By providing real-time data, Statutory Analytics helps HR teams track and resolve compliance issues quickly. This proactive approach reduces errors and ensures regulations are consistently followed.

It tracks regulatory data relevant to labor laws, tax requirements, workplace standards, and other legal metrics. This data is crucial for keeping operations compliant across various functions.

Statutory Analytics automatically generates compliance reports, which align with audit requirements. This feature makes audits smoother by preparing accurate, up-to-date data in advance.

Yes, Statutory Analytics uses trend analysis to highlight patterns and predict potential compliance issues, allowing HR teams to take preventative action before risks escalate.

With clear, data-driven insights, HR teams can make informed decisions that keep the organization compliant. Real-time updates and historical trends guide strategic planning for compliance.

Statutory Analytics updates in real-time, meaning that HR teams have the latest compliance information on hand. This ensures swift response to any regulatory changes or emerging risks.

Yes, it can be tailored to focus on the regulations most relevant to your organization, ensuring that compliance efforts are targeted and efficient.

Statutory Analytics enables seamless sharing of compliance data, allowing HR and legal teams to work together. This transparency improves accountability and keeps everyone aligned on compliance goals.

Why is Statutory Analytics are Important ?

Statutory Analytics is important because it helps organizations stay compliant with legal and regulatory standards, reducing the risk of fines and penalties. It provides real-time insights, ensures accurate reporting, and helps anticipate compliance issues, keeping operations aligned with laws and protecting the organization from costly mistakes.