Managing risk well has become imperative for survival in today’s world. Risk losses have been in the billions of dollars in recent years. A single organization faces multiple regulations and standards and these regulations impact multiple sites and various compliance departments and gets extremely complex, increasing the risk factor. Organizations require a solution that allows them to link and foster communication across all facilities and assets within the business in real time. They need to efficiently manage their enterprise risk to ensure effective reporting and compliance with laws and regulations, thereby avoiding damage to the organization’s reputation and associated consequences.
The increasing compliance costs necessitate the need of an effective risk management software to ensure profitability in long run. An Effective Risk Management Software provides several benefits. It helps organizations achieve the following:
- Aligned risk appetite and strategy
- Enhanced response to risk
- Reduced operational risks and losses
- Improved resource allocation with access to robust risk information
- Seizing opportunities with improved visibility into a full range of events
- Identification and management of multiple and cross-enterprise risks
Predict360, Enterprise Risk Management Software, enables organizations to identify, quantify, monitor, and manage risk. It accesses the environmental, financial, legal, reputational, and safety impact and likelihood of a risk at the business unit level. It provides a fully-integrated ERM solution, which facilitates organizations to minimize risk and make strategic decisions.
About the company
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.