PORTLAND, Ore., April 14, 2020 – NAVEX Global®, the leader in integrated risk and compliance management solutions, today announced the availability of COI Disclosures, a software tool that delivers a streamlined solution for organizations to gather, track and analyze employee-based conflict of interest risk.
“An automated and centralized approach to collect and manage conflicts of interest will be invaluable to customers, especially in light of the evolving regulatory enforcement strategies and an increasingly connected complex global supply chain,” said Carrie Penman, NAVEX Global’s Chief Risk and Compliance Officer.
COI Disclosures automates and streamlines the processes required to identify and record potential conflicts of interest, including board participation, gifts and entertainment, investments and outside employment. The tool provides a best practice questionnaire and automates what, for many organizations, is a manual, email- or spreadsheet-based process.
“Manual processes take significant time, unnecessary manpower and are highly susceptible to error. In fact, some organizations aren’t gathering this information at all, leaving them vulnerable to a host of risks,” Penman said. “COI Disclosures simplifies and automates the processes required to manage potential conflicts end-to-end.”
NAVEX Global COI Disclosures also provides the necessary reporting and analytics to help communicate and mitigate the potential risk associated with these disclosures. Additional features include:
- Amendment workflows that empower employees to easily and quickly make updates to filed disclosure questionnaires as situations change
- Clear records of full campaigns, ensuring the data collected is available and audit-ready, which is especially important in highly regulated industries
- Integration with NAVEX Global’s platform, allowing disclosure questionnaire data to be included in the analytics of broader risk and compliance programs or campaigns
Click here for more information about NAVEX Global COI Disclosures.
About NAVEX Global
NAVEX Global is the worldwide leader in integrated risk and compliance management software and services that help organizations manage risk, address complex regulatory compliance requirements and foster an ethical, highly productive workplace culture. For more information, visit navexglobal.com; Risk & Compliance Matters™ Blog (navexglobal.com/blog), @NAVEXInc (twitter.com/NAVEXInc), and LinkedIn (linkedin.com/company/navexinc).