COI

Key Features
- Declare Conflicts
- manage various user roles
- Manager reviews, feedback and management plans
- Auditor's review and feedback management
- Email notification and execution of flow (Power Automate)

Introduction :

Introducing COI, a groundbreaking conflict of interest management solution built on Microsoft SharePoint. It empowers organizations to streamline the disclosure, review, and management of conflicts of interest, fostering a culture of transparency and ethical conduct.

Background :

Traditional way of managing conflicts often relies on paper forms and manual workflows, which leads to:

Inefficiency and Errors: Paper forms are time-consuming, prone to errors, and difficult to track.
Lack of Transparency: Manual processes delay clear communication and audit trials.
Inconsistent Management: Managing conflicts across various user roles can be burdensome.

Evaluation of the case :

Challenge: There comes need be it any organization for a centralized and automated platform to:
- Simplify conflict declaration for employees.
- Facilitate efficient review and management by managers and auditors.
- Ensure transparency and traceability throughout the conflict resolution process.
Solution: COI tackles these challenges through a powerful technological foundation by providing features as:
- A user-friendly interface simplifies conflict declaration for employees and streamlines review and management for managers and auditors.
- Ensures data security and confidentiality by managing access to sensitive information based on user roles.
- Employees can submit detailed conflict disclosures through a user-friendly online form.
- Managers can review disclosures, provide feedback, and recommend appropriate management plans.
- Auditors can review conflicts, provide feedback, and ensure adherence to ethical guidelines.
- All declared conflicts, reviews, and management plans are tracked in a single, centralized location for easy access.
- Using power automate, tasks like sending email notifications, triggering reminders, and managing escalation processes get easier.

Conclusion :

COI empowers organizations to proactively manage conflicts of interest, fostering ethical conduct and mitigating risk. By promoting transparency and ethical conduct, COI builds trust with stakeholders and safeguards a positive organizational culture.

For more details contact our team at Topnotch today!

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