Predict360 Compliance Monitoring & Testing Software
Streamline Compliance Monitoring Processes and Automate Reporting
ABA Endorsed Solution for Risk and Compliance Management Software
A successful compliance monitoring and testing program provides early insight into potential compliance challenges, enabling financial institutions to more quickly and easily resolve issues before they become serious. Today’s banking and financial services regulators, customers, executive leadership, and functional areas depend on Compliance to preserve and promote the integrity of the organization – and deliver results. These stakeholders expect more:
- Greater data accuracy and reporting
- Real-time reports for management and board committees
- Lower costs and better resource optimization
- Avoidance of enforcement action(s)
- Real-time insight into emerging issues
Workflow-based solutions increase productivity by automating compliance monitoring and testing activities and ensure accountability throughout the process. Workflows also shorten testing times because, by having greater visibility of centralized data and tasks, management can avoid duplicating tests across business units and/or first lines.
- Automate test series scheduling, execution, and closing memo creation and notification
- Map to regulations, attach work papers, assign questionnaires to tests, and assign and enforce milestones for completion
- Build a continuous flow of communication by providing a single collaborative space across business lines and compliance teams
- Drive accountability and manage expectations with real-time access to help close out action items in timely manner
Streamline Compliance Monitoring Processes and Automate Reporting
As critical as Compliance Monitoring and Testing is for accountability, legacy technology solutions have lagged. Manual methods, such as spreadsheets, emails and shared documents, have resulted in seemingly endless cycles of inefficiency along with:
- Lengthy and costly testing times
- Historic-based reporting that is limited to status updates on completed activities
- Reporting errors
- Unintentional testing overlap
- Subjective versus objective assessments
- Enforcement actions
As an integrated risk and compliance intelligence platform powered by AI, Predict360 automates many tasks and workflows while improving quality and value of compliance and risk activity execution through a single platform.
- Create risk and regulatory relationships between organizational activities to provide visibility into where risks intersect
- Harness modern capabilities of machine learning, natural language processing and Artificial Intelligence (AI) to bring in risk data from external sources and analyze against internal data
- Achieve insight into areas the organization is currently unaware of to proactively adjust courses of action as needed.
- Provide management real-time visibility into overall progress across compliance programs
Why Choose 360factors?
360factors empowers organizations to accelerate profitability, innovation, and productivity by predicting risks and streamlining compliance.
Complete GRC
All the GRC tools you need integrated in one solutionBasic to Enterprise
From simple risk assessment to complete risk register and control testingSpeed & Execution
Insights into your risk program & control effectivenessFast Implementation
The cloud-based solution can be integrated within daysFlexible and Modular
Pick the modules you need for your businessEasy to Use
Automation and an intuitive interface ensure ease of useLearn How 360factors Empowers Customers to Manage Their Risk and Compliance Programs with Ease.
360factors’ solutions, powered by artificial intelligence, enables our organization to adapt and respond effectively to the ever-changing regulatory compliance landscape
Joanna Chancellor Business Support ManagerThe powerful features combined with the easy implementation of the cloud solution made Predict360 a great fit for our organization.
Steve Parker Chief Executive OfficerWe believe our collaboration with 360factors and the technology they bring supports our vision for the future.
Gina Anonuevo Chief Compliance OfficerDeploying Predict360 is another step by us towards becoming a more streamlined and efficient organization.
Crystal Barnes Regulatory Compliance Specialist