The velocity and scope of changes in processes and technologies for governance, risk management and compliance (GRC) are immense. This demands organizations to have GRC capabilities that not only evolves rapidly, but, also have a greater impact, thus making GRC Automation a necessity.
Automation of GRC enhances an organizations GRC capabilities and revolutionizes businesses by providing insight, intelligence and integrity:
Insight- Automation allows organizations to have data analytical capability, thus providing them the opportunity to use big data approach. Automated GRC systems can instantly aggregate, sort, and analyze huge amounts of data and provide reports to the relevant stakeholders like- Board of Directors, Risk and Compliance professionals etc. It also supports in predictive assessments and modeling of future trends.
Intelligence- The cognitive capability of automated GRC can identify trends, determine relationships, understand native language and make predictions. It allows your organization to predict risks, drives operational excellence, identifies options that you might not have thought and assesses the impact of your decisions as a whole.
Integrity- Automated GRC allows organizations to connect with different parts of the organization and share data from many sources, with different access, views, and reports for different needs. It integrates multiple departments, removes silos and mistrust of the data, thus allowing risk and compliance executives to make intelligent decisions in a timely manner.
Building a post-modern business with insight, intelligence and integrity ensures that organizations have the right capabilities in place to grasp the previously unseen opportunities, without taking on unwarranted risk or sacrificing integrity.
Predict360, GRC software, transforms organizations governance, risk management and compliance (GRC) with the most unique mapping and cognitive technology to provide regulatory insights and predict risks. It aggregates the risk across all the departments and gives the executives a unified view of risks. It increases operational excellence, reliability and sustainability by managing all of your compliance departments through a single risk based platform based on artificial intelligence.
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360factors, Inc. is a cloud based Enterprise Risk and Compliance Management Technology and Services Company that helps companies improve business performance by reducing risk and ensuring compliance. We also offer EHS consulting through a wide range of professional services in regulatory compliance and permitting (air, water, and waste), site investigation and remediation, environmental and dredge material sampling and evaluation, and health, safety and risk management services.