Business plan for "clause-49 SaaS based solution"; Quadwave Consulting

Abstract

Clause-49 is an attempt to raise the corporate governance standards of Indian companies by introducing proper risk management and internal control mechanisms. It also sets down clear rules for structuring of board of directors, audit committees, CEO/CFO certification on the effectiveness of internal controls, etc. Companies will have to file quarterly compliance reports and their auditors would need to certify this compliance every year. EzCompliance provides SaaS based clause-49 solution to the customer on the subscription basis. A major part of clause-49 covers assessment of internal controls by the management. Solution will be implemented using partnership with tier 1 and tier 2 consulting companies. Quadwave will first focus on Segment B and then move to segment A during business development phase.