How to Ensure Regulatory Compliance in Today’s Complex World?

Regulatory change has a significant impact on every organization, regardless of industry, and its policies. Failure to respond adequately to regulatory change drives unnecessary costs.

In order to ensure Regulatory Compliance today’s complex world, it is critical for organizations to implement an effective regulatory change management model and ensure that a culture of compliance is embedded within their organization.

Also, executive management must take responsibility, become familiar with legislative universe of their organizations, and assist in providing assurance that structures and processes are adequate and effective to mitigate regulatory compliance risks.

Further, companies should be looking at reducing risk, cutting costs and improving performance by adopting a vertically integrated governance, risk and compliance solution.

A vertically integrated Regulatory Change Management Model and Solution will lead to better reporting up the hierarchy and provide a more complete and accurate view of critical risks facing the organization. This type of solution will bring together complex and disparate risk and compliance activities and direct these efforts more efficiently, provide consistency in taxonomy and alignment at the corporate level, and provide flexibility to business units to manage workflows and processes that are intertwined with the corporate strategy.

Predict360’s Regulatory Change Management Software is built on artificial intelligence (AI) technology, which centralizes regulatory library with consistent taxonomy and automates the translation of the regulations as well as create an applicability of regulations process as to which regulations apply to which location, branch or even an asset.

About the company

360factors, Inc. (Austin, TX) helps companies improve business performance by reducing risk and ensuring compliance. Predict360, its flagship software product, vertically integrates regulations and requirements, policies and procedures management, risks and controls, audit management and inspections, and on-line training and qualifications, in a single cloud-based platform based on artificial intelligence.

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