Perks of an Automated and Integrated Approach to Risk and Compliance Management

Due to increasing regulations year after year, the cost of doing business has increased to hundreds of billions, forcing organizations to automate their GRC efforts. Cost increases substantially when organizations continue to invest more in human resources rather than GRC software.

An automated and integrated approach to managing and enhancing enterprise risk and compliance activities helps organizations seize opportunities, stay a step ahead of uncertainty, and meet stakeholder expectations. It offers multiple benefits:

• Identifies and manages multiple and cross-enterprise risks.
• Aligns risk appetite and strategy
• Generates efficient and consistent processes for dispersing important information. Workflows can scale across the organization so all divisions, departments and locations benefit from the streamlined business processes.
• Facilitates the ability for people to work together and collaborate more productively. Institutions can capture data and ideas wherever they are created and convey them across the organization, ensuring everyone is harmonious with the latest information and is reflecting on ongoing business issues, as well as fresh solutions.
• Improves operational efficiency by increasing productivity, eliminating the massive amounts of time employees waste looking for misfiled or lost information, and by automatically guiding documents through regulatory and compliance processes.
• Connects information depositories by allowing people to access key data without leaving the current application from which they are working.
• Improves resource allocation with access to robust risk information.

Predict360’s Enterprise Risk and Compliance Management Software  automates the enterprise risk and compliance management process and helps achieve optimal visibility into all risk and compliance aspects of the organization. It leverages unique mapping and cognitive computing technologies to provide regulatory insight, predict risks and drive operational excellence.

360factors, Inc. helps companies improve business performance by reducing risk and ensuring compliance. Predict360, its flagship software product, vertically integrates regulations and requirements, policies and procedures, risks and controls, audit and inspections, safety management systems and on-line training and qualifications, in a single cloud-based platform.

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