GOVERNsme GRC platform enhances the operational and business efficiency of companies because it enables the management to have single minded focus on its core business. All the non-core but integral and important to the business are handled by highly qualified and experienced professionals of respective domain. A properly managed company with sound ethics and Governance system obviates legal and regulatory risks. The stakeholders like PE funds, Venture Funds and lending institutions draw a huge comfort in terms of the money they have invested in / lent to the company.

Governance, Risk and Compliance (GRC) practices are guided by the size of the firm, its structure, ownership and business priorities. For smaller sized firms that are predominantly family owned, corporate governance often may become a handicap. Also, Risk Management for SME’s has become one of the most important criteria for good governance. Regulatory risks, market risks, credit risks, reputation risks are some of the risks that stare at SMEs.

As companies expand, diversify, and embark upon organic or inorganic growth, there emerges a corresponding need for equity capital and long term debt from outside. Lack of transparency on the management of most small and mid-size and unlisted corporates jeopardizes the investing and lending institutions. Consequently, these institutions shy away from funding such unlisted companies. GOVERNsme, a unique and comprehensive shared GRC PLATFORM for mid size companies, a first of its kind ever in India, seeks to break this vicious cycle.

Adoption of a GRC framework by small and mid-size companies in India is indispensable for taking this sector into a higher growth trajectory. Weak GRC practices of small firms burdened further with a dearth of availability of crucial advice and counseling has made these firms extremely vulnerable to regulatory actions and penalties. However, most SMEs cannot afford the burden and cost of implementing complex systems and processes for legal compliance management, and the best and easy way is to adopt a shared SME compliance outsourcing platform. The ISO certified systems and process implemented by the GOVERNsme platform come in handy for the SMEs.

The culture of good governance is not confined to GRC alone, but encompasses the Finance and HR functions too. Hence efficient management of Finance and HR functions also contribute to addressing the interest of all stake holders including investors, lenders, vendors and clients. Finteglaw Knowledge Solutions Private Limited