With the onset of Industry 4.0 and advancements in AI, IIoT and the coming of 5G, businesses today have more visibility into their production lines and the entire supply chain. Ethical responsibility is mandatory. It is now possible to achieve statutory compliance in manufacturing, even if it may require the assistance of a statutory compliance partner.
Manufacturing is the core of big businesses across industries, and ensuring compliance helps you maintain the quality of goods and retain your valued customers. Statutory compliance for manufacturing is, in fact, at the heart of all your efforts to build a strong business.
Why You Need Statutory Compliance in Manufacturing?
Statutory compliance for manufacturing companies in India can help in several ways. Some of them are outlined below:
- Legal and regulatory compliance ensures that you do not have to pay any fines for violations in court or to any regulatory body.
- Not having to pay fines can help you build your financial strengths and ensure financial stability in the long run.
- Labor law compliance can lead to happy and satisfied employees. This could lead to a boost in your reputation as an employer.
- Workplace safety also improves because of statutory compliance in manufacturing, as the workers start working in safer conditions with proper safety gear and safer processes.
- Your reputation could also help you set yourself apart from other competitors, giving you a great advantage.
- Process efficiency improves with compliance, making sure that quality of the manufactured products also goes up.
- Statutory compliance in manufacturing can also help with sustainability in manufacturing and ensure that the environment is protected.
Importance of a Statutory Compliance Partner in Manufacturing
A statutory compliance partner can greatly simplify statutory compliance management in manufacturing. Here are some strong reasons why you need a statutory compliance for a manufacturing company in India.
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Our Value Proposition
At Alp we provide value in the statutory compliance services for manufacturing companies in India that work with us, and here is the core of what we stand by:
1
We perform a complete check of the organization's procedures and policies to avoid any kind of prosecution in the future.
2
We ensure that you follow the essential norms to avoid penalties, license confiscation, and fines for your business.
3
We monitor certificates for validity, conduct performance reviews and audit all relevant safety records.
4
From verification of slab rates and checking criteria to end remittances, we take care of it all.
5
ESIC management: All aspects related to ESIC including validation, computation, eligibility, remittance and processing of ESIC claims managed by Alp.
6
With offices in all the major cities in India, our HR and candidate network is one of the best in the world.
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Our software ensures top-of-the-class accuracy and security for all your employee and organizational data.
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