Predict360, the ABA endorsed solution for compliance management, includes the following modules:
The Regulatory Change Management module enables organizations to track changing regulatory requirements and update all compliance-related activities and documents accordingly. With its unique mapping abilities and patent-pending Artificial Intelligence with Natural Language Processing technology, it semi-automates the process of determining the impact a changing regulation may have on your organization by automatically alerting users of regulatory changes or updates, visually identify those changes and determine what may be impacted by those changes.
The Regulatory Change Management module includes a license to the complete federal and state-level Code of Federal Regulations (CFR) library along with all updates and changes via the built-in integration with CaseMaker™.
The Risk Management module enables organizations to identify, quantify, monitor and minimize risks. It allows businesses to access the environmental, financial, legal, reputational and safety risks at the business unit level and aggregates to enterprise-wide risks. It also enables organizations to better manage risks by tying risk mitigation activities back to the standards, regulations and business requirements that drive them.
Key functionality includes implementing risk assessments through audits, gap analysis, self-assessments and inspections. Based on the results, workflows can be triggered to mitigate the risk, assign tasks and corrective actions, or kick off training plans.
The Audit Management Software module enables organizations to manage their complete audit lifecycle. Highly configurable, flexible data-gathering and aggregation framework enables organizations to set up any type and structure of audit imaginable. Dynamic logic execution which executes customer specific processes as the result of an audit, survey, gap analysis or inspection. Flexible reporting and analytics enable enhanced visibility and smarter and faster decision making. Audit questions can be mapped directly to the regulatory and standards requirements as well as the business objectives that drive them which allows unprecedented coverage, extensive reporting and a comprehensive response to changes in those requirements.
The Policy & Procedure Management module gives organizations the ability to understand all aspects of the document lifecycle, which includes the creation, approval, expiration, centralized storage, remote access across the organization, access control, version control, change tracking, and change notification. As part of the Predict 360 suite, documents such as policies and procedures can be mapped to appropriate regulations, standards, controls, risks, corporate goals and/or business objectives.
In particular, the Policy & Procedure Management module supports the lifecycle of policies and procedure including the creation, review, approval, distribution and acknowledgement process. Those affected by the policy or procedures can easily access, read, acknowledge, agree to comply by the document electronically from any location in the world, and can even demonstrate competency via testing or assessment. Furthermore, the system can automate the required periodic review, update, re-distribution and re-approval of the policies and procedures documentation.
It provides e-signature capability through its optional integration with DocuSign. DocuSign allows users to send, sign and manage legally-enforceable documents electronically and securely around the world in the cloud and without any paper.
The Compliance Management module enables organizations to collect, store, track and collaborate on all compliance-related activities and regulatory reporting requirements.
A customizable workflow engine supports unique workflow processes for different types of activities and incidents with easy-to-use data collection forms and automated alerts. Key Performance Indicators (KPI) dashboards and reporting are driven by assigned priority, impact, urgency, type and category, parties involved, and business unit/organizational area. And a compliance calendar provides complete visibility to all compliance activity being performance and coming due.
The Learning Management System is the most unique regulatory compliance-centric learning management system in the industry. Training can be linked to the associated regulatory change, risk, audit, incident, case, policy, procedure and/or qualification (competency) requirement.
Predict360 gives you the ability to create and manage training plans for various workforce groups or individuals. Training plans can be created at the corporate, site and group level while tracking and managing online classroom and web-based training. It allows you to incorporate your current training material (ppt, word doc or PDF) into the platform and launch and train your employees, and there is also optional access to over 6200+ role specific courses in EHS, Career, Ethics and Compliance, IT Certification and Software Skills.
The Predict360 Qualification Management module monitors, aggregates, and maintains employee qualifications. It enables organizations to streamline the qualification process and ensure that employee qualifications remain current. It can track and maintain employee qualifications, monitor qualification expirations, and maintain the qualification history of employees and subcontractors. When a qualification is linked to a training course, the course is automatically assigned to the employee or subcontractor and when the employee or subcontractor completes the course, the qualification is renewed beginning the cycle over again.
By ensuring completion and renewal of qualifications in a timely and centralized fashion, organizations can avoid compliance penalties and costly employee downtime by ensuring that employees remain certified and eligible for work.
The Performance Management System module aligns individual goals to organizational goals and streamlines the performance management process to promote goal achievement, productivity, continuous feedback, coaching and development to improve overall business performance.Highly configurable dashboards make goal-setting easy and transparent, giving managers and their employees a real-time snapshot of their performance and progress towards achieving their goals.
The Anonymous Hotline Software module provides prompt and valuable insight into potential risks and danger of violations of policies, procedures and controls resulting in noncompliance and cuts in company margin.
It provides a single centralized data repository for ethics, risk and compliance management including processes and controls. Facilitates collection of incident data, assess risk, follow up recommended actions, tracking of process ownership, risk assessment, risk analysis and remediation plan. And advanced analytical reporting and dashboard capabilities provides micro and macro level visibility into risk exposure enabling qualitative and quantitative trending metrics of potential risks to empower decision making.
Predict360’s Expert Connect provides access to a wide range of consulting experts who are former and existing compliance managers, regulators, system operators and consultants across a variety of industries. Questions can be posted directly within the Predict360 software and answers, responses and other commentary can be recorded and tied to associated regulatory, standard, policy, procedure or risk.
360factors’ Predict360 Compliance Management Solution is a next-generation, cloud-based, highly-integrated solution for managing governance, risk and compliance (GRC) across an organization. It is easy to use, quick to deploy and has a low total cost of ownership to help reduce their clients’ efforts in managing their compliance and regulatory requirements. Incorporating artificial intelligence (AI) and natural language processing (NLP) technology, Predict360 helps automate and reduce the effort involved in managing constantly-changing regulatory compliance requirements.
