360factors Builds Most Advanced NERC Compliance Software, PREDICT360, to Align with the NERC Standards and Regulations
AUSTIN – September 24, 2013 – Austin based GRC Software start-up, 360factors, has built an advanced NERC compliance software called PREDICT360, that will help utility organizations create and maintain powerful cyber security software that ensures new cyber assets and changes to existing assets are not left vulnerable; help streamline compliance business processes and management systems; and effectively align an organization’s standards and regulations with the North American Electric Reliability Corporation (NERC).
The revolutionary PREDICT360 software helps companies implement internal controls model that will help them comply with reliability standards along with their various multi-regulatory compliance issues across all necessary departments through cloud-based applications. With this software, companies will always be ‘audit ready’ with the ability to access all current regulations and laws related to their policies and procedures.
As NERC and regional entities regulatory compliance standards continue to become increasingly complex, the interpretation of the standards and how the standards should be implemented is causing intense ambiguity and confusion. Most of the utilities do not have the resources and expertise to stay on top of all the issues related to NERC’s regulatory change management. 360factors is committed to addressing these issues and meeting necessary regulatory needs. When asked about the future of PREDICT360 in regards to NERC, Christopher Duden, 360factors COO stated:
Change happens, especially in the regulatory compliance space. Without a comprehensive approach to manage that change, organizations expose themselves to a myriad of risks; environmental, financial, legal and reputational. PREDICT360 is the most comprehensive solution in the marketplace to manage regulatory change and therefore to manage risk.
PREDICT360 is revolutionizing the way companies in the utility, oil and gas industries address their regulatory and compliance needs and effectively and efficiently manage their risk. For more information about PREDICT360, please visit www.360factors.com.
360factors is a cloud based GRC Software Company specializing in Oil & Gas, Power & Utility and Financial Services industries. PREDICT360 is a vertically integrated enterprise regulatory change management software solution that provides real-time risk exposure across all functions and departments while empowering business unit managers with the flexibility to configure the software and take control of the regulatory change process to achieve continuous compliance. PREDICT360 does this through the integration of compliance tools such as regulatory knowledge base, policy and procedure , audit management, risk management, case management, learning management, expert advisory services and training solutions through our time-tested learning management system. For more information, please visit www.360factors.com.
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