Among countries in the Asia-Pacific region, Indonesia is known for having one of the most complex legal jurisdictions. This often becomes a challenge for many business actors in Indonesia. Because not only are they required to understand the legal landscape in the country, but they also need to quickly adapt to any changes in regulations and policies.
The situation becomes even more complicated when information regarding the law tends to be less accessible. This is where the presence of platforms such as Hukumonline is often seen as the right solution provider. Since 2000, Hukumonline has faithfully provided content related to law and regulation, helping to ease the work of many legal and business practitioners in Indonesia.
Over time, however, Hukumonline has also grown into more than just a legal education platform. Currently, Hukumonline also provides legal consulting services and training, as well as solutions and a technology-based regulation compliance system (reg-tech).
Trends in the reg-tech industry
Running a business in Indonesia can’t be done by only understanding market needs. Business actors are also required to be able to adapt to changes in existing regulations because this will have a direct impact on their operations and the needs of their respective customers.
Coupled with the fact that the government is always actively implementing regulatory changes and updates, business actors need the best reference to help them make good decisions while keeping the business compliant with the regulations.
Based on statistics in the Hukumonline’s database, Indonesia has at least 100,000 regulations, with around 3,000 new regulations being added annually. Imagine how much time and energy companies and legal practitioners have to spend on legal research and analysis, which will certainly affect the company’s overall performance.
The good news is, this trend encourages players in the reg-tech industry such as Hukumonline to always