AUSTIN – July 15, 2014 –AJI is a Railway Engineering company that provides global signaling and communications services to global railway infrastructure. They have engineers and consultants across the globe working on various projects that will be delivered with precise ingenuity. AJI has unleashed itself and made a strategic investment in Predict360, a regulatory risk and compliance management software, enabling the organization to deliver quality services in a timely manner with the ability to ensure compliance with various global regulatory and quality standards. Predict360 is a cloud-based enterprise regulatory risk and compliance management software that automates compliance with ISO standards for AJI’s dispersed global team and allows them to deliver their compliance consulting services with quality and operational excellence.
Utilizing an automated compliance management system like Predict360 will enable AJI to store necessary regulations and standards and stay updated on any regulatory changes. The solution also allows AJI to track employees and contractors as “Human Resource – Assets”, allowing each employee to be compliance-tracked by their specified needs and inputs. In addition, Predict360 offers tools for all stages of policy management including creation, communication, assessment, monitoring, tracking and maintaining version control with applicable laws and regulations. The solution will help better manage internal goals and objectives and risks related to regulatory changes as well as help align those risks and other compliance items with ISO requirements.
AJI strives to ensure that each consultant provides his/her services with a consistent, unified methodology. With the help of Predict360, consultants can react quickly to clients’ needs by increasing communication between the consultants and clients and maintain quality and ensure compliance with global standards and regulations. It’s not just AJI’s objective. Most consulting services companies have the same objective; however, it is hard to achieve that objective through manual and antiquated tools and processes in today’s ever changing and complex regulatory environment. “Most consulting firms today struggle with i) scaling ii) providing unified & consistent services iii) client retention iv) maintaining margins v) reducing risk and maintaining compliance. The counter strategy to this problem is to empower the organization with automation,” said Ed Sattar the CEO of 360factors.
The bespoke system that 360factors is building for us will enable us to bring a new direction to how businesses work within the railway signaling community. Truly ground breaking.
Nathan John Turney
Compliance Manager, AJI
Predict360 is the answer to that problem. It allows consulting firms to scale, enforce consistent practice standards and processes, increase client retention by having clients use the software and inspect the progress, reduce risks and the cost of compliance, and increase accuracy and quality. This will eventually increase margins and impact the bottom line and customer satisfaction.
The relentless increase in both the global regulations has caused complexity and subsequently increasing risks for organization. We remain committed in developing Regulatory Risk and Compliance Management software solutions that can reduce complexities, risks, protect an organization against reputational impact, regulatory exposure, increase margins and enable them to deliver operational excellence.
Christopher Duden
COO, 360factors
About 360factors
360factors empowers organizations to accelerate productivity, innovation and profitability by predicting risks and streamlining compliance. Predict360, its flagship software product, is a Risk and Compliance Intelligence Platform augmented with Artificial Intelligence technology to predict and mitigate operational risks while streamlining regulatory compliance. Predict360 integrates regulations and obligations, compliance management, risks and controls, audits and assessments, policies and procedures, and training in a single cloud-based SaaS platform based on artificial intelligence to provide predictive analytics and unique insights for predicting risks and streamlining compliance. 360factors is the exclusive endorsed solution provider for compliance management by the American Bankers Association (ABA). Visit www.360factors.com for more information.
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