SAP GRC VS Predict360

Compare SAP GRC VS Predict360 and see what are their differences

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SAP GRC

SAP solutions for governance, risk, and compliance (GRC) help companies minimize risk and stay in compliance with regulations.

Predict360

Predict360 is the ABA endorsed next generation Risk and Compliance Management solution for financial services industry, with ABA Risk library a collection of 800 risks+. It is a cloud-based SaaS platform powered with A.I.

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2023-09-18

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2023-05-23

Predict360 is the ABA endorsed next-generation Risk and Compliance Management solution for the financial services industry. The ABA members can use ABA’s Risk Library within Predict360 free of cost. ABA Risk library is a group of over 800 risks across typical banking risk categories including operational, credit, and strategic risks. Predict360 has separate risk and compliance modules that helps organizations to effectively and efficiently manage cost as per their needs. Predict360 is a single cloud-based SaaS platform that is augmented with A.I. technology to predict and mitigate operational risks while streamlining regulatory compliance. Predict360 reduces risk and compliance effort and cost by automating processes, workflows, and reporting.

SAP GRC

Website: sap.com
Pricing URL: -
$ Details: -
Platforms: -

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Predict360

Website: 360factors.com
Pricing URL: Official Predict360 Pricing
$ Details: paid
Platforms: Cloud Browser Web

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SAP GRC features and specs

Comprehensive Risk Management
SAP GRC provides a centralized framework for managing risks, ensuring compliance, and automating controls across various business processes.
Real-Time Monitoring
The platform offers real-time monitoring, allowing businesses to identify and mitigate risks as they occur, rather than reacting after the fact.
Integrations
Seamless integration with other SAP products and third-party applications ensures a unified approach to governance, risk, and compliance management.
Scalability
SAP GRC can easily scale with business growth, accommodating increasing numbers of users and more complex risk management requirements.
Automation
Automation features reduce the need for manual intervention, improving efficiency and reducing the likelihood of human error in compliance processes.

Possible disadvantages of SAP GRC

Cost
SAP GRC can be expensive, particularly for small to medium-sized enterprises, due to high implementation and licensing costs.
Complexity
The solution is complex and may require specialized expertise for implementation and management, which could incur additional costs.
Customization
While highly capable out-of-the-box, significant customization might be needed to tailor SAP GRC to specific business needs, which can be time-consuming.
Learning Curve
Users may face a steep learning curve to fully leverage the platform's capabilities, necessitating extensive training and ramp-up time.
Performance
Due to its comprehensive functionalities, there may be performance issues, particularly if the system is not properly optimized or if it handles a large volume of data.

Predict360 features and specs

Comprehensive Risk Management
Predict360 offers a wide range of risk management features, helping organizations to identify, assess, and mitigate risks efficiently.
Customizable Dashboard
The platform provides customizable dashboards, allowing users to tailor the interface to meet their specific requirements and preferences.
Regulatory Compliance
Predict360 helps organizations stay compliant with various regulatory requirements by providing timely updates and compliance management tools.
Integration Capabilities
The software easily integrates with other tools and systems, which facilitates seamless data sharing and enhances operational efficiency.
Incident Management
Predict360 includes robust incident management features, enabling organizations to log, track, and resolve incidents promptly.

Possible disadvantages of Predict360

Complexity
Due to its comprehensive range of features, new users may find Predict360's interface complex and may require substantial training to use the platform effectively.
Cost
Predict360 can be expensive, especially for smaller organizations or those with limited budgets. The pricing for advanced features may be a barrier to adoption.
Customization Limitations
While the dashboard is customizable, some users might find the customization options for specific features and reports to be limited.
Customer Support
Some users have reported that customer support response times can be slow and that there is a need for more comprehensive help resources and documentation.
Learning Curve
The platform has a steep learning curve, which can be a challenge for users who are not familiar with risk and compliance management software.

Analysis of SAP GRC

Overall verdict

SAP GRC is a strong choice for organizations looking for a comprehensive and integrated solution to manage governance, risk, and compliance. Its broad feature set, ease of integration, and scalability make it a popular choice among enterprises, particularly those already using SAP products.

Why this product is good

Integration

It integrates seamlessly with other SAP modules, providing a cohesive and comprehensive solution for enterprise-wide risk management.
Scalability

SAP GRC is scalable, making it suitable for both large enterprises and growing businesses that anticipate expansion.
Customization

The platform offers robust customization options, allowing organizations to tailor the software to their specific compliance and risk management needs.
Functionality

SAP GRC (Governance, Risk, and Compliance) is highly regarded for its comprehensive suite of tools that help organizations manage risk, ensure compliance, and streamline governance processes.

Recommended for

Large enterprises with complex compliance and risk management needs.
Organizations already using other SAP modules and seeking to extend their functionality with integrated GRC solutions.
Businesses looking for a scalable GRC solution that can grow with their needs.
Companies in highly regulated industries that require comprehensive compliance tools.

Analysis of Predict360

Overall verdict

Predict360 is considered a good solution for organizations looking to streamline their risk and compliance management efforts. Its AI-driven approach and integration capabilities make it a valuable tool for companies that need to manage complex regulatory requirements and risk landscapes.

Why this product is good

Predict360 by 360factors is highly regarded for its intuitive interface and comprehensive risk management features. It combines artificial intelligence and risk management processes to offer a robust solution for companies needing to improve operational efficiencies, comply with regulations, and manage risks. Its capabilities include risk identification, process automation, and enhanced visibility into compliance activities.

Recommended for

Financial institutions
Health and safety compliance
Manufacturing firms
Energy sector companies
Organizations seeking to enhance their risk and compliance management systems

SAP GRC videos

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SAP GRC Access Control ARM - Auto Provision Settings

Predict360 videos

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Predict360 Risk And Compliance Intelligence Platform

Category Popularity

0-100% (relative to SAP GRC and Predict360)

SAP GRC

Predict360

Governance, Risk And Compliance

90 90%

Governance, Risk And Compliance

10% 10

Project Management

87 87%

Project Management

13% 13

Work Management

87 87%

Work Management

13% 13

Security & Privacy

100 100%

Security & Privacy

0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare SAP GRC and Predict360

SAP GRC Reviews

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Predict360 Reviews

Peter

· Risk and Compliance Expert at Private · about 3 years ago

The Efficient Risk and Compliance Management Solution

Predict360 is the super-efficient risk and compliance management solution. I found this software helpful for my day-to-day task and Predict360 team is extremely supportive. Making part of Predict360 is one of the best decisions that our organization has taken.

🏁 Competitors: LogicManager, LogicGate, MetricStream