ComClark Network and Technology Corp., the parent company of Converge ICT Solutions, has received a prestigious award from the Securities and Exchange Commission (SEC) for its pivotal role in advancing ease-of-doing-business in the Philippines. The recognition highlights the company’s innovative digital solution, which serves as the SEC’s primary system for processing data from over 500,000 corporations nationwide.
Benedicto Bulatao, Chief Operations Officer of ComClark, expressed gratitude for the recognition, emphasizing the system’s impact during and beyond the pandemic. “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 Bulatao.
ComClark, in collaboration with Fortis Technologies Corporation, developed a workflow-based online submission portal known as the Company Investments and Financial Statistics System (CiFSS). This portal enables corporations to seamlessly upload mandatory documents such as General Information Sheets (GIS), General Form of Financial Statements (GFFS), and Special Form of Financial Statements (SFFS).
Implemented in 2021, CiFSS became an integral part of the SEC’s digitalization agenda, aimed at improving operational efficiency and ensuring transparency. The system played a crucial role during the pandemic by minimizing face-to-face interactions while maintaining regulatory compliance.
As a leading provider of ICT solutions tailored for industry-specific needs, ComClark Network and Technology Corp. has consistently demonstrated its commitment to leveraging technology to solve complex challenges. With a proven track record of delivering cutting-edge systems, the company has played a pivotal role in helping organizations transition into the digital age. From developing scalable platforms to implementing efficient workflows, ComClark has cemented its reputation as a trusted partner in innovation.