Measures the timeliness of compliance-related reports and submissions.

What it Measures ?

Are we submitting reports on time?

Relevant StakeHolders 

Compliance Team, Legal, CFO

In-depth Use Case / Real-world Example

Compliance Reporting Timeliness refers to the number of compliance reports submitted on or before their due dates. For example, if a company submits 12 compliance reports annually and submits 11 on time, its timeliness rate is 91%. Timely submission of compliance reports is critical for maintaining legal and regulatory compliance and avoiding penalties or fines. Monitoring this KPI ensures that the company adheres to regulatory deadlines and minimizes compliance-related risks.