If you have to remember that your Annual Accounts are to be submitted to the Stock Exchange, it is easy to remember. If you were to be listed on 20 stock exchanges, you will find it hard, but still remember since it is just one compliance across geographies. Now, take the example of hundreds of rules and compliance for each of your business unit in each country and for each month in the calendar year. Numbers can quickly multiple and easily cross more than 5,000 to 10,000 compliance points during the year. Manual methods or the use of excel will fail you one day. It is not effective or efficient. In the end, with regulatory penalties increasing to unbearable amounts, automation is the only solution.
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