OSHA Safety Compliance Really Does Matter

Ouch! The cost of unsafe working environments really does matter. In a recent news article from EHS Management Software Today, it clearly highlights that large corporations are not above the law, and that includes occupational health and safety regulations. Anheuser-Busch’s recent encounter with OSHA over the safety of their New Jersey warehouse resulted in a $162,000 fine, and this is not the first time that a multinational business has been accused by a workplace health and safety agency of ignoring warehouse safety.

Perspectives: Automation and Banking

Automation

What comes to mind when you hear the term ‘automation’? Do you ever think of how many processes in your daily life are automated? Automation is used pretty much every day in our lives. How many times do you run to an ATM for cash, or how often do frequent a “Redbox” for DVD rentals, or maybe you’re in a hurry at the supermarket and decide to use the self-checkout lane? What about new technology used for home automation, such as thermostats and home alarm systems controlled through your mobile phone? Or maybe automation in vehicles, such as park-assist? Each of these processes are automated by a computer system.

Reducing the Cost of Governance, Risk Management & Compliance (GRC)

This is a topic that comes up often in our discussions with prospects and customers.  Today, GRC is approached from a business unit perspective by many companies, not from an organizational holistic perspective.   The end result is redundant and disparate processes, resources and tools littered throughout the organization.   This disjointed approach naturally results in wasted time and dollars as each department struggles with the same problems in different ways.

What are SEMS Auditors Interested in Seeing During a SEMS Audit

The Safety and Environmental Management System (SEMS) program was developed for organizations to meet two core objectives i) Accident & Incident Prevention and ii) Prevention of the release of  hazardous substance in the environment. Building safety management system is a process to meet the above two objectives.

An Effective Compliance Management System for Bank and Non-Banking Institutions

Most Regulatory agencies are clear about what they are looking for during the auditing process, but what they are not clear about is the process or a system as to how you will achieve compliance i.e.

5 Reasons Why You Should Automate Incident Management

Incident management plays a critical role in the ongoing success of any organization. This process allows businesses to identify, analyze and address problems as quickly as possible so that normal business operations may be restored in a timely manner. While incident management is certainly not a new concept, many organizations are still employing this process manually which can significantly limit its effectiveness.

Implications of a Safety Management System

A Safety Management System (SMS) is intended to serve as a solution that, at a minimum, allows organizations to meet their legal obligations under state and federal law.  An effective SMS seamlessly integrates all aspects of safety operations including (but not limited to) regulatory requirements, policies and procedures, case and incident management, internal audits and training plans.

Improving Business Performance by Reducing Contract Management Risk

Most companies have an extensive network of suppliers, contractors, ventures, alliance, partners, consultants, etc. with which they do business.  The majority of the relationships with those organizations are defined in contracts.  The terms and conditions of these contracts are legally binding.  Thus, the requirements must be followed to ensure each party is acting accordance with its obligations and commitments.

How to Build Successful Operational Risk Assessments

Operational risk plays a key role in the development of integrated risk management programs that include compliance, business continuity planning, information security and other operational risk related data. These programs are referred to as ‘governance, risk and compliance’ (GRC) or ‘convergence.’ Operational Risk Assessments can go haywire because of a number of reasons. And here are a few things you need to set right to eliminate the causes behind failed risk assessments:

What will GRC be Like in the Future?

The world of Governance, Risk, and Compliance is changing rapidly. Technology is reaching new heights, enabling more efficient automation of compliance. GRC has mostly been handled in a relatively primitive fashion in the past. Even now, there are still many organizations drowning in their inefficient Governance, Risk, and Compliance initiatives. So why is it taking so long for companies to streamline their compliance processes?

What is Risk Management?

The idea behind risk management practices is to protect your business from vulnerabilities. Risk Management can be used to protect the business from financial risks, as well as reduce risks to employees, customers and the public.

Effective Change Management is Critical to Compliance

It’s difficult to keep up with regulatory compliance because it changes all the time. Complying with changes in corporate compliance documentation, internal controls, audit requirements, employee training, etc. In addition, compliance officers are responsible for all industry regulations across all business units within their organization.

Exploring Compliance Outsourcing and Managed Service Vendors?

Here’s 3 core reasons why you should.

Business process outsourcing has permeated various industries to different extents. But the base case is the same — if a non-core function is standard within an industry, and can be codified in a step-by-step manner, then it is possible to have a third party perform all those functions for a number of companies for a reduced cost for each of those companies.

Big Data and Environmental Management Systems

Environmental concerns are real business challenges. However, in today’s world, these concerns have enlarged to include not only the risk/cost side of the balance sheet but the “how do I make ‘green’ ($) from the green” side, as well.

Federal Regulator Warns Banks about Complying with BSA/AML Laws

Bloomberg BNA recently reported that a Federal regulator is not too optimistic about technological advancements in the banking sector, especially the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance laws that could leave financial institutions vulnerable to risks.

Risk Management Software

Set the risk management foundation with AI based risk management software Set the risk management foundation with AI based risk management software

what is one overlooked reason for workplace accidents

Effective Management of Sediment Dredge Material Evaluations

Dredging is essential for the construction and maintenance of the marine infrastructure upon which our economic prosperity is dependent. The ongoing operational and technical challenges along with various regulatory requirements in dredging projects require effective dredging materials evaluations project management to ensure cost-efficient operations.

Reactive vs. Proactive Compliance

Whether we are talking about broader HSSE or more narrowly focused CIP, NERC, ISO, Dodd-Frank, etc. compliance,  there are two general approaches to implementing a compliance plan within an organization:  proactive and reactive.

Alright, so you had an incident. How are you going to prevent it from happening again?

Incident management should be a core competency within any organization. Without an effective incident management program, an incident can disrupt business operations, information security, IT systems, employees and customers.  Worst case scenarios include loss of human life, irreparable damage to assets, and degradation of the environment.  Uncontrolled incidents result in financial losses, reduced stakeholder credibility, and diminished brand value.

implement a grc software now

Managing constantly changing standards & regulations and managing processes dependent on word processing documents that invite errors are two of the major challenges that organizations are facing in managing GRC.

5 Steps to Selecting a Regulatory Compliance Software Solution

1)      Understanding and Accepting the Need – Regulatory compliance is a very important part of any business in a regulated industry. Failure to comply with regulations can result in many different consequences:

Port of Houston Poised for Big Growth

With hopes for a bright future and thriving watercourse, the initial evaluation and research for the new Houston Ship Channel Expansion Channel Improvement study is underway. This potential mega-project represents a great opportunity to modernize the Houston shipping channels and help assure that the Port of Houston continues to serve its community, provide jobs and remain a hub for commerce.

Why Safety Management Matters

A safety management system is a planned process or procedure for carrying out a certain activity in the workplace. The reason you should implement safety management systems is to ensure that when a task is carried out in your workplace,

DETECT POTENTIAL VIOLATIONS REAL TIME WITH PREDICT360 ANONYMOUS HOTLINE REPORTINGWHAT IS ANONYMOUS HOTLINE REPORTING? A REPORTING HOTLINE ALLOWS EMPLOYEES TO DISCREETLY INFORM RELEVANT MANAGEMENT ABOUT UNETHICAL ACTIVITIES THAT WERE OBSERVED IN THE ORGAN

HOTLINE REPORTING?

A reporting hotline allows employees to discreetly inform relevant management about unethical activities that were observed in the organization. Unethical activities include financial improprieties,

360FACTORS AND BLUESCAPE TO DELIVER EH&S REGULATORY CHANGE AND COMPLIANCE MANAGEMENT SERVICES

360factors Inc. today announced that it is partnering with BlueScape Environmental (BlueScape) to offer integrated Environmental Health and Safety (EHS) regulatory change and compliance management services, powered by its Predict360™ software.

OIL & GAS GRC SOFTWARE

INCREASE OPERATIONAL EXCELLENCE, SUSTAINABILITY AND MARGINS BY MANAGING ALL OF YOUR COMPLIANCE DEPARTMENTS THROUGH A SINGLE PLATFORM.

WHY CONSULT A REGULATORY EXPERT?

When it comes to serious business matters, one cannot rely strictly on friends and family for advice. It is always a good idea to seek an unbiased and well-informed expert consultation.

360FACTORS EHS CONSULTING SERVICES WINS PORT OF CORPUS CHRISTI SEDIMENT SAMPLING PROJECT

cloud-based Enterprise Risk and Compliance Management technology and services company, announced it has been selected through a competitive technical bid process to support the Port of Corpus Christi’s channel widening plans as the dredge sediment sampling services team. 

DEPLOYING A SUCCESSFUL EHS MANAGEMENT SYSTEM

An EHS management system that is well conceived and implemented can provide many benefits to an organization, including regulatory compliance, minimizing operational risks and liabilities, improving corporate image, meeting customer demands, and achieving competitive advantages.

With a wealth of options from multiple vendors, including mobile capabilities, intuitive user interfaces and powerful analytical tools, how does an organization identify the best capabilities and most appropriate overall solution? By moving to newer, integrated technology, clients can better manage compliance schedules and deadlines, track performance against environmental sustainability goals, and report metrics and trends across their organization.

Key considerations which should go into this process includes:

• Recognize the need for change.
• Understand business requirements.
• Engage with key stakeholders.
• Convert needs to requirements
• Take action

 It’s important that companies obtain a comprehensive view to develop a successful EHS program, enabling them to make significant progress on lowering occupational EHS and business risks, ensuring regulatory compliance software, and enhancing their reputation.

How can we help?

360factors’ cloud-based Enterprise Risk and Compliance Management technology platform, Predict360 uses unique mapping and cognitive computing technologies to provide regulatory insight, predict risks and drive operational excellence through its automated EHS management software module.

360factors’ offers EHS consulting through its professional services consultants (RSA – www.rsa-env.com). RSA offers 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. RSA maintains a staff of experienced key personnel including registered professional engineers, geologists, and health and Safety Management Software specialists.

Why Performance Management Matters

Your business is growing fast, and it’s time to think about implementing or revamping your performance management process that will create an amazing employee experience and help drive your business forward. Your employees are your most valuable asset to help your business grow. So what can you do to engage your top talent, help them work smarter, and be more productive?

What are Best Practices for Hotline Reporting?

In the days before the Sarbanes-Oxley Act (SOX), a hotline reporting program was often viewed as a luxury rather than a necessity. However, in the 12 years since the law passed, the anonymous hotline has become an essential part of any successful ethics and compliance program. Hotlines have become a critical means for detecting any kind of misconduct within an organization and have led to high-profile investigations. They also serve as a way to gauge the effectiveness of an organization’s ethics and compliance initiatives, and can identify any program shortcomings.

Automate Mapping of Regulations to Internal Controls and Risk

Are You Prepared for Large Scale Port Infrastructure Expansion?

The American Association of Port Authorities (AAPA) just released its 2016-2020 Port Planned Infrastructure Investment Survey. In that survey, AAPA reports that U.S. ports and their private sector partners plan to spend $154.8 billion on port-related freight and passenger infrastructure projects between 2016 and 2020.  The biggest project investments will be in ports along the US Gulf Coast where $127.8 billion is planned to be spent in response to the need for new energy facilities and to handle the larger ships which are now allowed by the Panama Canal improvements.

Reduce Operational Risk and Increase Performance by building a Safety Management Process

What is Safety Management?

Safety Management is a process that applies to sensitive activities in a work environment to ensure that industry safety standards are met. Organizations are responsible for their employees’ wellbeing; proper implementation of a safety management process guarantees that risks are identified, assessed and mitigated. Safety management includes proper training and monitoring of employees with regards to necessary safety measures so as to prevent incidents and reduce hazards at the workplace.

The Challenges

• A safety management system is a planned process or procedure for carrying out a certain activity in the workplace. The reason you should implement a safety management systems is to ensure that when a task is carried out in your workplace, every precaution has been taken to reduce the likelihood of there being an incident that leaves someone injured or worse.
• In health and safety, ensuring an engaged workforce is critical. With employees embracing corporate health and safety objectives as their own, creating a safety culture with workforce participation is crucial.
• The best Safety and Health Programs involve every level of the organization, instilling a safety culture that reduces accidents for workers and improves the bottom line for managers. When Safety and Health are part of the organization and a way of life, everyone wins.

Our Solution

• Predict360 Safety Management Solution streamlines health and safety processes and best practices to effectively manage all aspects of your organization’s safety program with incident and regulatory reporting which enables organizations to collect, store, track and collaborate on safety compliance-related incidents. It has a built-in investigation feature that is tied back to the incident, streamlining your corrective and preventive actions (CAPA).
• There is a potentially significant cost savings to implementing a Safety Management System. The long term savings include implementing improvements and reducing hazards of processes and systems, the potential improvement in employee and equipment performance, and the savings of avoiding fines associated with non-compliance.

Key Features

• Risk-based audit capability which provides a comprehensive audit to evaluate compliance with the requirements to identify gap areas on which safety and environmental performance needs improvement. Audits are streamlined and your staff hours are more efficiently applied to the content of your evidence.
• Launch a corrective action plan or a preventive action plan based on the outcomes of a case, audit, risk assessment, survey or incident so you can address the root cause and not just the symptoms of the issues facing your organization. The system recommends the rollout of corrective and preventative actions through three modules: 1) Training; 2) Incident/Case Management; and 3) Expert advisory services through our network of top 10% experts in the subject matter.
• Regulatory Knowledge Base that contains an e-library of EPA, OSHA, DOT, MSHA and other key regulations, codes and standards which are translated in plain English and converted into business controls that are exposed simply on your graphical dashboard.

Try applying the following Five-Step Safety Plan for success at your organization.

FIVE STEPS FOR SUCCESSFUL SAFETY MANAGEMENT

Step One: Safety Audit

Perform a comprehensive safety audit to evaluate compliance with the standards and regulations. This helps identify gap areas on which safety and environmental performance needs improvement.

Step Two: Action Plan

Based on the results of the Safety Audit, launch a corrective/preventive action plan that addresses the root cause of the issues facing your organization. Predict360’s system recommends the rollout of corrective and preventative actions through three modules:
1) Training
2) Incident/Case Management
3) Expert advisory services through our network of top 10% experts in the subject matter.

Step Three: Safety Program Responsibilities & Key Roles

Develop Safety Program Responsibilities for all levels of the organization in order to provide a foundation for building the safety system.

Step Four: Management and Employee Safety Training

Train the line management to support, take responsibility of, and be accountable for the success of the safety system. For training employees on applicable safety topics, use computer-based training alongside regular line management “safety talks” with the department (5-10 minute daily/weekly talks) covering the same topic.

Step Five: The Safety Plan

A safety plan is necessary to provide a phased approach to achieving safety success. The safety plan should be developed with input from key functional areas, communicated throughout the organization and then regularly reviewed to ensure the plan is effectively being met.

Mortgage Lender Action Plan Automation through Policy & Procedure Management System Using Artificial Intelligence

Enterprise Risk Management Software

The Challenge

• Inadequate or poorly-documented manual solutions using excel or home grown tools with inconsistent taxonomies causes inaccuracies and incompleteness within the lending process.
• Lack of integrated lending regulatory requirements into the lending operation processes
• No sophisticated way of mapping regulations to the lending policies, procedures, lending documents and disclosures.
• If your lending firm is a complex organization with multiple branches, in multiple states and countries, doing volumes of loans, typically organizations don’t have an integrated system that enables them to figure out which regulations apply to which branch office, loan and which internal controls.
• How do you make sure, your people are reading policies and converting the required into an action plan?

The Solution

• Regulatory change management software based on Artificial Intelligence (AI) with Regulatory / Standards and Requirements Intelligence Library with common taxonomy and centralized for lending multiple departments such as Reg AB, flood, CRA, HMDA etc
• Operational risk and compliance technology based on artificial intelligence automates mapping of lending regulations, standards, requirements to your policies, procedures, internal controls, risks and audi management software
• Big data approach to regulatory change management not only allows Integration of current regulatory requirements into lending processes, but enables you to make solid decisions with predictable outcomes

Value

• Automation of concept mapping policies and procedures with the regulations and sending out automated alerts and tasks when regulations or policies change, drives operational efficiency, reduce cost, increases quality and happy employees. This is highly valuable when you are processing volumes of loans

A Case Study

Challenge: A large mortgage lender company was using sharepoint for their policies & procedures, another system for their regulatory change management, Archer for their task management system and DocuSign for e-signature. They had to use Archer because other departments were using it. Their challenge was that they had three different systems and none of the systems talked to each other. They wanted a system that would automate selected users to be alerted and tasked when the lending regulations or policies changed.

Solution: Since Predict360’s regulatory change management software, policies procedures mgmt. and internal controls library is a self-contained integrated tool and built-on artificial Intelligence technology, we were able to demonstrate how once upload a policy, into the document management system, it breaks down the sections within policies and maps them to the regulations or standards, send you alerts and automates the process of assigning tasks and action plans.

• Policy, procedure and disclosure document is all integrated product with docu-sign for eSignature including a workflow to accept, review, version control, e-sign and maintains audit trail.
• This automation of alerts and (CAPA) corrective and preventive action plan assignment process works in both scenarios – 1. If the lending regulations or standards change or if the policy and procedure changes.
• As the lending policies are implemented and as activities are performed, they are concept mapped to other artifacts in the system: Regulations/Internal requirements -> polices -> procedures -> CIP /EDN -> Controls – > Tasks.
• The below should explain how Predict360 uses artificial intelligence to concept mapping process to create relationships between disparate unstructured data; in this case a policy & procedure doc and a regulatory requirement.

How to Automate Tasks through Your Policy and Procedure Management System

Step 1- Policy & Procedure document either in word or PDF is uploaded into Document Management System

Step 2- The PDF or word format policy or procedure then is converted to HTML and then chunked into sections.

Step 3- Looking at the “Document Sections” you can see how it broke up the document into logical sections. Each section is concept mapped. When this is done, relationships can be created manually (“Associate Requirements”) or they can be suggested based upon the concepts that the system derives from the content.

Step 4. Finally, you can see in Unified Change Management (the home for requirements) how the requirements have been Concept mapped too. It is these concepts the system uses to infer relationships between content. The system tem automatically generates tasks to specific user group

If you would like a complimentary 60-minute advice on Automating Regulatory Change Management or would like for us to do a proof of concept for you, please fill out the form and we will respond within 24 hours.

If you would like a complimentary 60-minute advice on Automating Regulatory Change Management or would like for us to do a proof of concept for, please contact us

Automate Regulatory Compliance Management and increase operational excellence, agility, predict risk and implement a comprehensive compliance program.

What is regulatory compliance management?

Is a process by which organizations ensure compliance with relevant laws, regulations, guidelines and specifications. It is the use of compliance controls and the implementation of compliance requirements to identify and manage regulatory risks through corrective and preventive actions. Noncompliance with applicable rules and violations of regulatory laws and regulations may result in penalties, legal

Business Case – Scale Your Risk, Information Security, Audit and Compliance Consulting

The Challenge

·         Many small and mid-sized GRC Software consulting firms are challenged by the new climate technology has created. These financial services risk consulting firms are searching for ways to both overcome these challenges and to differentiate from their larger, resource-rich competitors. As one result of the search, we are seeing an “asset-based consulting growing trend” in the GRC consulting space.

·         Another way consultants can find value in existing business sectors is by making better use of their framework, banking and financial services specific content, data and workflows to actually improve on their IP. Without a connected way to collaborate and share IP, consultants fail to build on their internal knowledge base by leveraging the most successful elements of their engagements and frameworks. As a result, consultants never get intelligent or agile on their engagements nor do they substantially build on their knowledge their clients or the issues they tackle. The value of artificial intelligence and big data approach to GRC is picking up steam and causing disruption, and the consulting industry is no exception.

·         Banking and financial services governance, risk and compliance is getting complex and risk consultants gather huge amounts of data from their clients, and they should be using it to build their expertise around how to map their risk assessments to regulations and internal controls, do benchmarking against their competitors and build the best frameworks. This is not possible through traditional GRC consulting practices and manual processes.

The Solution

·         Face to face and paper based risk assessment, audits, tests and survey a are out dated, it has low participation and it takes months and costlier to your customers. Therefore, you can be an early adopter of artificial intelligence, big data technology towards GRC consulting that can automate mapping, building relationships between risk, internal controls, regulations and organizational data that can help consultants to gain the level of knowledge necessary to provide those solutions to its clients with quality, agility and reduced cost.

·         By productizing risk consulting business models and frameworks, consultants can better provide repeatable, trackable solutions to specific client problems. The focus thus lies less on the effort of the consultants conducting the GRC engagement and more on the outcome of the engagement itself. Likewise, the engagement can be priced around the output rather than the input. This would help transform consultants “one-and-done relationship” with their clients and get into a recurring subscription like revenue stream.

Value

·         There is a huge benefit to getting your consultants to use a single GRC consulting platform – it allows you to digitized and automate your risk framework, assessments, audits, compliance routines and action plans that is being used by all consultants on various projects. Further, it also enables you to automate benchmarking performance against your client’s competitors within the same industry. Over time you can productize the content, frameworks and workflows and turn that into a key differentiator- This will immensely help boutique to mid-size firms compete with the cream-of-the-business-school-crop talent that the top GRC consulting firms offer

·         Productizing your consulting will enable you to rinse and repeat and scale- This would position you to scale and keep on producing revenue without you being personally on the consulting engagement and continue to grow.

·         Once the consulting firm productized their GRC consulting services, all they would have to do is hire, train and delegate to other consultants- they can begin removing themselves from the tasks of servicing clients by hiring key roles and delegating those tasks. Or, if they prefer to stay small and work solo, the principals can find ways to eliminate or automate the unnecessary tasks and side-services that are low-value-low-margins to high-value-high-margins

• It would make sure GRC services more predictable and allows you more control and create a balance between quality, speed and cost regardless of who the consultant is. Once you’ve build predictability into your risk, compliance and Audit Management Software workflows, you will eventually build predictability in your revenues and costs.

Just because you’re selling your time chunked up into engagements doesn’t mean that risk consulting service needs to feel like hamster-wheel of death. If you’d like to learn more in how to Embracing the Product Mindset through Predict360 GRC consulting software, please fill out the form.

Detect potential violations real time with Predict360 Anonymous Hotline Reporting

What is Anonymous Hotline Reporting?

A reporting hotline allows employees to discreetly inform relevant management about unethical activities that were observed in the organization. Unethical activities include financial improprieties, sexual harassment, discriminatory practices, bullying or intimidation and conflict of interest just to name a few. A comprehensive ethics, risk and compliance program allows organizations to discover compliance issues through anonymous reporting and subsequently avoid legal liabilities and reputational risk by taking necessary corrective and preventive actions.

The Challenges

• Critical to a comprehensive ethics, risk and compliance program is a solution that allows organizations to discover compliance issues through anonymous reporting and to be prepared to take the necessary corrective and preventive actions immediately, avoid legal liabilities and subsequent reputational risk.
• Complying with the Foreign Corrupt Practices Act (FCPA), SOX and other regulations requires a proactive defense mechanism to detect and act on probable violation issues.
• Companies run the risk of losing millions in fines for violations and noncompliance on top of the reputational fallout that comes with corporate scandals.

Our Solution

Predict360’s Anonymous Hotline Reporting Software provides prompt and valuable insight into potential risks and danger of violations of policies, procedures, and controls resulting in noncompliance and that can impact a company’s profits and reputation. Gain access to integrated reporting and communication tools to elevate accountability and achieve a risk-based culture within the organization.

It is an integrated ethics, risk and compliance solution that is built on cognitive technology that allows pattern recognition and artificial intelligence techniques that enable organizations to detect, predict risks and respond to targeted issues to ensure regulatory compliance, operational excellence, and an ethical workforce.

Key Features

• Provides a single centralized data repository for ethics, risk and compliance management including processes and controls.
• Facilitates collection of incident data assesses risk and follow-up recommended actions.
• Graphical dashboards, tracking of process ownership, risk assessment, risk analysis and remediation plan.

Four Steps for successful Anonymous Hotline Reporting:

Step One: Demonstrate Trustworthiness

Create a corporate culture based on respect of individuals, processes and company values by consistently acknowledging and rewarding ethical behavior. Employees are more likely to report misconduct in a culture that is known to value ethical behavior.

Step two: Give options for coming forward

In order to encourage employees to report misconduct before the company faces any financial or reputational consequences is to give employees a number of methods to communicate their concerns e.g. via email, in person, telephone, dropping a brief memo in a drop box at the reception.

Step Three: Maintain a clear escalation and dissemination path

Based on the severity of the issue reported and in accordance with a predetermined criteria, compliance officers should identify if the reported issue requires immediate action (i.e. within 24 hours) or if the matter can be attended to alongside other regular business operations.

Step Four: Single Hotline

Irrespective of the mediums employed (e.g. email, telephone etc.) having a single point of contact as a general ethics and compliance hotline allows companies to create awareness and promote the hotline more effectively and get an increased response from employees.

Operational Risk and Regulatory Change Management

Download our latest thought leadership paper from Ed Sattar Chief Executive Officer for 360factors. This paper focused on Operational Risk Management Software and Regulatory Change Management and was recently presented at the National Safety Council Texas Safety Conference & (TSCE) in San Antonio, TX

The National Safety Council Texas Safety Conference & Expo is an annual event for safety professionals looking to improve safety in their organization. For more than 75 years, professionals have turned to this event for industry-leading technology, education, networking opportunities and the tried and true products and services needed to stay at the forefront and remain competitive within the industry.

Key Issue’s Covered Include:

• Operational Risk & Regulatory Trends
• Why Automate an Operational Risk and Regulatory Change Management System
• Operational Risk and Compliance Management Model & Methodology
• How to Implement an Operational Risk and Compliance Management System
• Can Automation and Software Increase Operational Excellence and Reduce Risk & Cost?

Information Management Software

Drive efficiency into threat management initiatives through Information Management Software

Banking Integrated Risk, Information Security Compliance & Audit System | 360factors, Inc

Why Mortgage Lenders Company Not Implementing

an Integrated Risk, Information, Compliance and 

Audit Management System

Environmental Site Assessment Lunch and Learn “Whats Lurking in Those Weeds?”

Please join us at our upcoming Lunch and Learn Seminar covering Environmental Site Assessments and Due Diligence. Subject matter expert Carl Teinert will discuss key issues and regulations related to site preparation and development for the protection of potential buyers and lenders. In the United States, an environmental site assessment services ESA) is a report prepared for a real estate holding that identifies potential or existing environmental contamination liabilities. The ESA addresses both the underlying land as well as physical improvements to the property. Discover the requirements necessary to safeguard your investments. A Professional Development Certificate will be available.

Carl Teinert, PG, CAPM has nearly 40 years of experience protecting clients in the fields of hydrogeology, environmental geology, engineering geology and health and safety which include the investigation, evaluation and assessment of contaminants in the subsurface, and characterization and development of groundwater resources.

Where:
Dos Comales 227 N Water St., Corpus Christi, TX 78401

When:
Oct 18th, 2016 | 11:45 AM to 1:00 PM

360factors offers EHS consulting services on a wide range of professional services including 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. 360factors maintains a staff of experienced key personnel including registered professional engineers, geologists, and health and safety specialists. Its Managed Services incorporate outsourced risk and compliance services using Predict360. The 360factor’s South Texas location is at 5853 Leopard Street Corpus Christi, TX 78408. (361) 299-2664.

Enterprise Risk and Compliance Management Software

Predict360, leverages unique mapping and cognitive computing technologies to provide regulatory insight, predict risks and drive operational excellence

What is Risk Management?

Risk Management is the process of identifying potential risks, analyzing them and controlling the associated risks through determining the risks, what are the ways to reduce those risks, mitigating of risks based on a strategy, implementing all the planned methods of mitigating, and evaluating and monitoring of risk management plan to ensure that controls are applicable and effective. Risk management is vital in an organization’s decision making for the fulfillment of its objectives.

The Challenges

• Due to increasing regulations year after year, the cost of doing business has risen to hundreds of billions forcing organizations to automate their GRC efforts to achieve operational excellence and reduce costs. Costs increase substantially when organizations continue to invest more in human resource rather than GRC software.
• Antiquated governance, risk and compliance tools are ineffective in today’s sea of regulations since they were only architected for rudimentary compliance workflows.

Learn More

Our Solution

Predict360 is an answer to the governance, risk and compliance challenges faced by organizations today. It is an enterprise regulatory risk and compliance software that vertically integrates multiple modules providing management with optimal visibility into all risk and compliance aspects of the organization.

It can be configured to provide industry specific workflows and tools adapting to the needs of functional managers allowing them to manage their day-to-day risk and compliance tasks to increase efficiency, agility, quality, productivity and a culture of excellence.

Predict360 has unique mapping and cognitive technology to provide regulatory insights and predict risks.

Key Features

Predict360 platform suite is a GRC software specializing in Enterprise Risk and Compliance Management. These modules are flexible and adaptable enough to align risk management with business strategy and create industry specific compliance work flows:

• Regulatory Change Management
• Enterprise Risk Management
• Audit Management
• Case Management
• Policy and Procedure Management
• Learning Management System
• Competency Management System
• Certification and Reporting Management
• Performance Management System
• Vendor Management System

Build, manage and maintain GRC software that increases operational excellence, sustainability and margins.

Five steps to managing Enterprise risk management System

Every bank, big or small has mechanisms to gauge and mitigate risk. Generally, each of these mechanism is focused on the specific banking products or services being sold. However, to ensure a complete understanding of the enterprise risk and be able to make decisions from a portfolio angle, it is important to implement a system that is able to aggregate risks from various departments across the institution and present it in a fashion as to allow for appropriate decision making. Here are 5 easy steps to make it happen….

Step 1:

IDENTIFY all the current department focused, product focused risk evaluation mechanisms in place, whether in-house or external services.

Step 2:

DETERMINE inputs to and outputs from each mechanism, be it manual or automated, as well as the periodicity of the exchange of data.

Step 3:

INSTALL Predict360 Risk Modeling product and use the variety of interface possibilities to link the raw output data from each of the mechanisms to Predict360.

Step 4:

CONFIGURE the model, risk heat map, the risk register and the dashboard. Configure the levels of drill down that is appropriate.

Step 5:

ACT on the analytics based on the enterprise view / portfolio view of the risks across the company.