Austin Based Startup 360Factors Introduces Revolutionary Regulatory Change Management Software for Oil, Gas and Power and Utilities Industries
AUSTIN, Texas, June 27, 2013 /PRNewswire-iReach/ -- GRC technology startup 360Factors which got funded in November 2012 by 360training.com and an Austin based entrepreneur Ed Sattar announces the introduction of Predict360, a cloud deployable software enabling complex regulatory change management.
Firms are challenged with constant addition and modification of hundreds and thousand of regulations with multijurisdictional requirements, and increased pressure to deliver uncompromising compliance with reduced budgets and significant resource constraints.
The business case for regulatory compliance software is clear . Firms have no structured approach to managing regulatory change and is often caught " Working in Compliance" VS "Working on Compliance" . Working in compliance involves being caught off guard , being reactive and putting out fires. Working on compliance involves in doing proper analysis, being proactive and putting in regulatory change management structure in place.
The full-service regulatory change management platform includes the unique risk based approach to audit management, incident management, case management, policy and procedures management, competency management tools, risk management tools, industry specific regulatory expert advice with our time-tested learning management system and extensive library of more than 6,000 regulatory compliance courses to deliver an unparalleled solution for handling Governance, Risk, and Compliance (GRC) issues.
At the helm of this new organization making waves in the regulatory management industry is CEO, Ed Sattar. Sattar has a strong track record of building internet start-ups and converting them into hyper growth, full-fledged companies and staging them for an exit. With his strong understanding and experience in regulatory landscape, SaaS and regulatory training solutions, Sattar has been able to create and integrated regulatory compliance software platform allowing the creation of a GRC start-up, 360Factors.
When asked about the direction of the company, Mr. Sattar stated, "Governance, risk, and compliance (GRC) is the next big area of compliance workflow automation. GRC is currently at the state where ERP used to be in early 90's. ERP started with financial control and so did GRC. Over time ERP software firms build modules in other industries and GRC is progressing the same way. We are going to start and dominate the Energy and Utilities GRC industry since we understand this industry and its challenges very well."
360Factors' primary objective is to provide the necessary regulatory compliance software and expert industry advice to help companies achieve compliance through a CAPA system by means of case, quality and learning management and map standards to evidence, risk assessment, policy and training management to ensure audit readiness.
360Factors is a wholly owned subsidiary of 360training.com and is home to enterprise regulatory change management cloud deployable software solutions which empower our clients to take control of regulatory changes through integration of compliance tools, content, expert advisory services and training to achieve continuous compliance. For more information, please visit www.360factors.com.
Media Contact: Zafar Ahmed, 360Factors, 5129043181, firstname.lastname@example.org
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