Conflicts of interest exist throughout the commercial world. As new products, activities and strategies evolve to meet changing customer needs and market conditions, organizations need to be disciplined in continually searching for new conflicts and working through how to address them. They are a particularly important challenge for large and complex institutions, which can have affiliations that lead to a host of potential conflicts of interest. If these are not carefully managed, this then leads to failure to protect their interests or the interest of others, with regulatory and reputational risks that could be disastrous for the organization. Some common scenarios include: Outside Board Membership or Industry Associations, Secondary Employment, Financial Interests, Personal Workplace Relationships, Relationships with Suppliers, Partners and Other Third Parties. In addition, Gifts and Hospitality can also pose a conflict of interest. However, those conflicts of interest are not covered in this app-pack. To manage Gifts and Hospitality, check out the Archer Gift Registration app-pack.
The Archer Conflict of Interest Management offering provides visibility into conflicts of interest that may pose a risk to the organization. It helps organizations to prioritize the risks which may have a greater impact to the organization and ensure they are being addressed. With the Archer Conflict of Interest Management, organizations can track and manage the conflicts of interest to minimize the impacts to the organization.
In addition, the Archer Conflict of Interest Management app-pack can be utilized with both the Archer Speak Up app-pack and with Archer Engage.
Consistent and repeatable process for managing relationships with conflicts of interest
Understand employee and business relationships that pose a risk to the organization through a conflict of interest
Prioritize risks with conflicts of interest for action plans
Create a Conflict of Interest Profile identifying conflicts of interest within the organization
Conduct an Assessment to determine risks and impacts regarding conflicts of interest
Document findings and determine a course of action to remediate conflicts of interest
The Archer Conflict of Interest App-Pack is an offering provided through the Archer Exchange to help you manage your Archer use cases. To learn more about the Archer Exchange, please visit the Archer Exchange on the Archer Community.
For Additional Support
To learn more about this offering, please contact your Account Rep for additional details. For technical support questions regarding this offering, please open a support case.