Patented Compliance Risk Prediction Software
Compliance Risk Predictor helps Life Sciences companies conduct quantitative assessments of business risks. The patented solution improves a company’s ability to understand current compliance status, know business risks, and prioritize actions. Understanding higher visibility and prioritized actions make teams more productive and reduce costs.
Only Compliance Risk Predictor provides a quantitative score for a company’s Risk & Compliance Maturity Index (RCMI) at the company level, country level and functional area level, and turns it into actionable information that empowers you to prioritize actions based on findings. The tool can be used internally as well as with your third-party vendors.
Our Compliance Risk Predictor will not only protect your organization from risks but also help you stay one step ahead of them with predictive compliance technology.
Laboratories are facing several risks associated with maintaining compliance in their daily operations upon using legacy and obsolete systems. The following are the common challenges and risks associated with maintaining quality and compliance include:
Bringing products to market consistently to a safe standard is a difficult task — especially with the ever-changing guidelines and regulations that differ across different countries.
Understanding your highest exposure risk areas can be difficult to quantify without the right tools to highlight the likelihood of being cited and its potential financial impact.
Disparate systems and function can lead to a number of quality and compliance risks. It also makes visibility difficult and can hinder change and innovation.
A reactive strategy can be simpler to implement but its shortcomings include additional expenses, incompleteness, a lack of real-time visibility, and increased risks.
It compiles 483 citation documents, internal audit databases, Department of Justice fines and settlements, and a country’s business risk database.
Compliance Risk Predictor classifies all nonconformances based on a proprietary database and prioritizes actions based on the likelihood of citation and financial impact.
It gives the latest information to make real-time reporting and trend analysis possible. It also guides users through a questionnaire that assesses their current state of maturity.
Utilize the Predictive Compliance Report to make strategic plans and drive business decisions, and instantly access reports indicating where compliance violations exist.
Generate an audit report based on specific data events, such as data creation, deletion, or modification, and with login/log-out session with eSignature manifestation.
The ability to reduce risks and noncompliance costs is at your fingertips. Our Compliance Risk Predictor helps you to prioritize your actions, create remediation plans and automate monitoring. Let Xybion help you stay in compliance with the industry’s only quantitative tool for measuring and reporting on risk and compliance.