Digital Compliance Monitoring System (DCMS) for Public Sector Pension System

Automate the manual process of submission of periodic reports by the Intermediaries monitored by the department and processing of such reports. It includes receiving reports, follow-ups & reminders, alerts and notifications ensuring compliance to SLAs by authorities and identification of deviations/breaches, submission of data/reports, consolidation of the reports at the department level, generation of various MIS and Dashboard for analytics and dissemination to internal staff/other stakeholders.

Business Challenges
• The department wanted to do away with the overhang of numerous excel sheets being used by intermediaries for reporting.
• The existing system lagged in security.
• The dashboarding and reporting elements were at a very elementary level and data analysis was also very rudimentary.

Solution Proposed
• A Web Portal for Automation around Report upload via the intermediaries
• SAS Visual Analytics for Compliance Monitoring Portal.
• SAS GCM

Solution Implemented
• Report Submission – Web Interface to the users of intermediaries/ department to upload and submit the periodic reports/ review submissions/ accept or reject the submitted data.
• Monitoring: Ensure compliance of various agreement/regulations/ communications issued by authorities by the intermediaries and report the exceptions with observations to them.
• Analytics & Business Intelligence: To analyze data/reports.

Customer Benefits
• Ease of Report Submission enabled
• Turn around time for submission is maintained
• A follow up mechanism on report and its deviation incorporated in place
• Ease of Compliance and auditing achieved at all levels.
• Enhanced data analytics for business growth.