ComClark receives SEC award for ease-of-doing-business digital solution

ComClark Network and Technology Corp. (ComClark) the parent company of leading fiber internet provider Converge ICT Solutions, has garnered recognition from the Securities and Exchange Commission (SEC) for its multi-faceted digital solution that serves as the agency’s main system that accepts and processes data from the country’s more than 500,000 corporations.

“We are pleased to be recognized by the SEC in addressing ease of doing business in government transactions with our deployed system for online submission of documents. This was borne out of necessity during the height of the pandemic, to limit contact between people, but as we’ve seen, it has proved useful and relevant post-pandemic and has set the standard for facilitating online transactions between government and the private sector,” said ComClark Chief Operations Officer Benedicto Bulatao.

Specifically, ComClark, together with Fortis Technologies Corporation, provided a workflow-based online submission portal for corporations’ quarterly and yearly reportorial requirements to the SEC.

The online submission portal’s official name is the Company Investments and Financial Statistics System (CiFSS) of the the SEC that allows the uploading of files such as the General Information Sheets (GIS), General Form of Financial Statements (GFFS), and Special Form of Financial Statements (SFFS) files through a web interface.

The CiFSS forms a major component of the SEC’s digitalization agenda, geared towards introducing efficiency and transparency in the organization’s operations. Starting 2021, it has implemented the online submission tool to limit face-to-face contact between the agency and Philippine corporations amid the threat of the COVID-19 virus.

ComClark Network and Technology Corp. has been at the forefront of offering ICT solutions for industry-specific needs.