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Press Release_2022-07-06
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Clear acquires CimplyFive to strengthen its Compliance Suite For CFOsBangalore, 6th July, 2022Clear has accelerated and strengthened its CFO offerings by making its second acquisition in 2022, it acquired Xpedize in March.Clear (formerly ClearTax), India’s leading fintech SaaS company, today announced that it has acquired CimplyFive, a cloud hosted application that automates Company Law and SEBI Listing Obligations (LODR) compliance in an all cash deal. This is Clear’s second company acquisition in 2022, after it acquired Xpedize, an invoice discounting platform in March. Clear has made 4 acquisitions so far, which include YBANQ in 2021 and Karvy's GST business in 2020.Timely and accurate compliance is a key purview of the CFO's office. An essential component of compliance for a company is adhering fully with the Companies Act. Clear saw that CFOs and Board of Directors have started to be more proactive on strong governance and controls with respect to Companies Act and want to be hig...
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