Caorm

Internal, External & Regulatory compliances all integrated.

CRO’s & Senior management at Audit committees of institutions need consolidated Risk overview while todays’ systems are manual, siloed and without task level visibility creating barriers to accountability. Enter CAORM, one of kind system designed to ease the life of CRO, Audit and Compliance teams of institutions that creates task, time and entity based actions to track any internal, external or regulatory needs.

Workflows that work to your benefit

CAORM gives the central teams the ability to automate & quickly create, send, and track compliance requests, audit queries and regulatory tasks within an approval system that works for any size of the organization – small or big. CAORM allows to define layered workflows giving compliance teams complete control and flexibility in assignment. This results in down the line progress visibility of task owners/department owners, at various locations and geographics with ease. This will reduce update request emails as central teams (audit/compliance/mgmt, etc.) will always have up to the minute view of where the task lies, for how long, with whom and the progress made thus far. Additionally, auto reminders setting allows for better management and timely creation and submission of finalized reports.

Our awesome features

Our features will help to better manage internal, external and regulatory compliances & risks

CAORM has many features to help central and regional teams to simplify compliance needs that are either done manually or over emails today. The system is designed to increase productivity, amplify operational excellence aiding organisations to manage and reduce compliance burdens.

Receive notification and organize tasks

One can receive notification as and when it occurs.

Tailor it for your team

Configure it to distribute tasks, processes, workflows for each notification.

Dedicated Support

We provide dedicated support to customers throughout the entire process.

Frequently asked questions

We have some FAQ

Yes! CAORM is designed to address the needs of internal, external and regulatory compliances. All compliances can be set or automated via a workflow that you can setup as per your need.

Yes! Carom can fetch notifications or you can insert notifications & guidelines into the system. They are parsed by our AI/ML engine to create time bound tasks. These tasks can then be assigned by central teams to various departments, users or regional offices as per the preference. The same is true also for Internal notifications and guidelines. This eases and reduces the management of compliance tasks and also provides for a central repository that can be searched and progress tracked.

Both! CAORM is agnostic to hosting (on-prem or on cloud) but it is always implemented on organisation’s infrastructure. i.e. if a bank or an insurance company has their own data centre or cloud account, we will host the platform there. By default we are se are not a SaaS company as compliance data is a private asset of an organisation – we are very security conscious and respect this sincerely.

It Depends! Workflows, user management, etc are completely customisable and in face a person with little IT know how can do it on their own. But platform customisations can only be done by CAORM team to ensure stability and security of the system. We continuously update our systems adding new features and functions based on customer requests. If any organisation wants something specific catered to their needs that is not part of the platform, our team can quote the efforts for customisation.

Always YOU! We respect the organisation’s ownership of data and don’t own any data. Please look at question 03 for further details.

Yes! CAORM’s strength is in providing layered workflows and they can very easily be configured by you. There are no limits to the departments and their users associations, as we understand that each organization may have different hierarchy and thus the system was designed to be flexible from day one.

Absolutely NOT! The system once licensed supports unlimited addition of departments, users and workflows. Although please note that such items are dependent on the underlying capacity of hardware/systems/infra of your organization.

Yes but It depends! If your organization prefers to run two (or more) parallel systems, they certainly can be setup accordingly but it will require additional license. Do note however that we each instance is separately managed and maintained and data repositories will be separate for each.

Compliance, Audit, & Operational Risk Management