AUSTIN, Texas, Sept. 10, 2013 /PRNewswire-iReach/ – Austin based start-up, 360factors, has developed a GRC software solution that specializes in regulatory change management. PREDICT360 addresses corporate Environmental Health and Safety (EHS) regulatory compliance, operational and behavioral risk, audit management, incident management, and policy and procedure tracking all within a vertically integrated solution. PREDICT360 is also bundled with advisory services leveraging a network of the top regulatory compliance experts in the world.
PREDICT360 is utilized for regulatory applicability, as a regulatory knowledge base and as a risk and audit management platform. This solution enables companies to determine which regulations and rules apply and then enables the full lifecycle management of controls and evidence associated with those rules. Additionally, it identifies only the requirements that impact a specific site allowing facility managers to know whether or not they are complying with all the applicable requirements, regulations and permits. PREDICT360 also provides an audit management module that allows for a comprehensive audit to evaluate compliance gaps for which safety and environmental performance needs to be improved.
The software includes an e-library of EPA, OSHA and other pertinent regulations, codes and standards which are parsed into an easy-to-comprehend format and converted into color coded actions. These regulatory derived actions are mapped to internal audit and risk assessment tools and corrective and preventative actions providing a holistic and comprehensive compliance solution. Additionally when regulations are added, revised or repealed users are notified and can then address every element of their compliance plan linked to the regulations.
Change happens, especially in the regulatory compliance space. Without a comprehensive approach to managing that change, organizations expose themselves to a myriad of risks; environmental, financial, legal and reputational. PREDICT360 is the most comprehensive solution in the marketplace to enable companies to manage change and therefore to manage risk.
PREDICT360 is revolutionizing the way companies in the utility, oil and gas industries address their regulatory and compliance needs and effectively and efficiently manage their risk. For more information about PREDICT360, please visit www.360factors.com.
360factors is a cloud based GRC Software Company specializing in Oil & Gas, Power & Utility and Financial Services industries.
For more information, please visit www.360factors.com.
Media Contact: Zafar Ahmed, 360factors, 512-904-3181, firstname.lastname@example.org
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