Every day a large business somewhere in America is facing consequences for an infraction that would have been easily avoided if their tax and/or compliance department was keeping all of their compliance information in a central database.
Monsey, NY (PRWEB) August 12, 2014
Business Licenses, LLC (http://www.businesslicensesolutions.com) has formally announced the availability of product enhancements for its popular SaaS-based licensing compliance solution. These new features allow customers to oversee opaque areas of their business that are often vulnerable to non-compliance mishaps. The new capabilities include:
Professional License Tracking - Especially relevant to healthcare, manufacturing, and service contractors, customers can use this feature to track essential information about their professionally licensed employees, such as license numbers, certifications, renewal dates, and more.
Vehicle License Tracking - Notably useful for customers in the transportation, construction, and agriculture industries, this product enhancement enables them to track details for vehicles that need to be frequently licensed and renewed.
Contract Tracking - Meeting a strong demand from industries that utilize maintenance and equipment contracts, this feature empowers users to manage their large portfolio of service-oriented contracts.
Property/Lease Tracking - Every customer that rents, leases, or sublets physical locations can stay up-to-date on the terms and conditions of their properties with this new product feature.
Violation Tracking - A powerful solution for customers in food service and hospitality among many other heavily regulated industries, this feature also contains resolution workflow and payment processing.
Increasingly, government authorities on the state and local levels are expending their power to regulate business activity by instituting more onerous regulations and cracking down on companies that don’t follow them. It is seen by many as a consequence of their struggles to bolster their sagging revenues.
"Every day a large business somewhere in America is facing consequences for an infraction that would have been easily avoided if their tax and/or compliance department was keeping all of their compliance information in a central database, says Abe Brach, Vice President at Business Licenses, LLC. "But even that understates the issue since it's about more than centralization. It's about knowing what information to track in the first place. Most people -- even experienced compliance professionals -- simply don't realize what's in a regulatory compliance workflow."
When compliance functions are handled with dubious methods (or, as is sometimes the case, the lack of any discernible method at all), businesses will spend valuable resources chasing “fire drills” instead of working on core projects. Moreover, best-practices for compliance often vary by geography or business activity and since compliance-related tasks are usually dispersed to individuals with little cross training, major disruptions occur when they leave. By bringing all functions under one roof and by adopting a company-wide workflow, anyone can stand in for a colleague who is missing in action.
"Our customers are loyal to our Business License Management System (BLMS®) mainly due to the fact that it is built for compliance professionals by compliance professionals," says Meir Lowy, Vice President of Product Development. "Part of building a powerful compliance product is evaluating the complex needs of our customers and responding to them with enhanced features. With this product update, we continue to meet our customers’ expectations for automation that reflects best practice processes with the least amount of user effort.”
Business Licenses, LLC has spent the past decade serving over 11,000 clients, including many of the Fortune 500, with its business license compliance software, services, and outsourcing offerings. Its unparalleled knowledge and experience make it the leading end-to-end U.S. provider to companies of all sizes looking for assistance with their governmental business license compliance needs.