Reporting & Compliance system is reporting and Compliance System in a structured, technology-based approach used by organizations to manage all aspects of compliance, including reporting, monitoring, and ensuring adherence to regulations and internal policies. It essentially acts as a centralized platform for tracking compliance efforts, automating tasks, and providing real-time visibility into compliance status

Regulatory reporting and compliance needed to ensure the organizations demonstrate they are adhering to legal and regulatory requirements. This involves preparing and submitting reports to regulatory bodies, documenting processes, and ensuring compliance with relevant laws and standards. Organizations also need to address risks related to compliance

Regulatory reporting and compliance needed as a mandate to any financial institution to send it to regulator such as OJK, Bank Indonesia and another institution, beside it also use by internal banks or institution to produces any important report.