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ComClark gets SEC Award for Digital Innovation in Ease of Doing Business

ComClark Network and Technology Corp., the parent company of leading fiber internet provider Converge ICT Solutions, has been honored by the Securities and Exchange Commission (SEC) for its pivotal digital solution that streamlines data processing for over 500,000 corporations in the Philippines.

𝐶𝑜𝑚𝐶𝑙𝑎𝑟𝑘 𝐶ℎ𝑖𝑒𝑓 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑜𝑛𝑠 𝑂𝑓𝑓𝑖𝑐𝑒𝑟 𝐵𝑒𝑛𝑒𝑑𝑖𝑐𝑡𝑜 𝐵𝑢𝑙𝑎𝑡𝑎𝑜

“We are proud to be recognized by the SEC for addressing ease-of-doing-business in government transactions through our online submission system. Initially designed to minimize contact during the pandemic, the system has proven invaluable in post-pandemic operations, setting a benchmark for seamless online interactions between government and the private sector,” said Benedicto Bulatao, Chief Operations Officer of ComClark.

In partnership with Fortis Technologies Corporation, ComClark developed a workflow-based online submission portal to handle corporations’ quarterly and yearly reportorial requirements. This portal, known as the Company Investments and Financial Statistics System (CiFSS), enables corporations to upload essential documents, including General Information Sheets (GIS), General Forms of Financial Statements (GFFS), and Special Forms of Financial Statements (SFFS), via a secure web interface.

CiFSS serves as a cornerstone of the SEC’s digital transformation agenda, aimed at enhancing operational efficiency and transparency. Launched in 2021 amidst the COVID-19 pandemic, the system significantly reduced the need for in-person interactions, ensuring safety and convenience for both the SEC and corporations.

ComClark Network and Technology Corp. continues to lead in providing cutting-edge ICT solutions tailored to the unique needs of industries, driving innovation and progress in the digital age.

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