319 InSight offers the perfect solution for corporations to deploy a safe, secure and powerful Conflicts of Interest Disclosure resource. In general, a conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial interest, or otherwise, one of which could possibly corrupt the motivation of the individual or organization.
Due to the broad topic areas that potential conflicts of interest may reside within, 319 InSight offers full customization of all data capture / questionnaires. This ensures that the disclosing body is eased into the correct sets of questions and allows a structured, yet highly flexible environment to collect the most important and relevant information related to the conflict.
Typically, this has been a fragmented process – with paper forms, e-mails, and .pdfs all being used to collect conflict of interest disclosures. As a result, compliance departments can receive incomplete, illegible, and incorrect information, lengthening cycle times and increasing burden on auditors. The process becomes even more burdensome when many contributors are required to fulfill a compliance requirement related to the conflict.
The 319 InSight Conflicts of Interest Disclosure Application has been engineered to handle any type of data collection and business process conditions. It offers time-saving digital tools that ensure accurate and complete information is delivered to compliance officers.
Also, it provides important auditing, notification, and reporting tools that occur directly in-line, making for one single point of repository for all activity related to the disclosure.
Significantly, the 319 InSight Conflicts of Interest Disclosure Application can be delivered in multi-languages; assuring global users can quickly and easily contribute required information to the compliance department in their native tongue while also providing in-line translation tools for reviewers to audit the information in their own preferred language.