Conflict of Interest Management done your way
Conflict of Interest (COI) Management that integrates seamlessly with your business processes
Managing your staff declarations just got easier
CoreStream GRC delivers a powerful, flexible solution for managing Staff Declarations, built to meet the unique demands of your organization. With customizable workflows, reporting, and question sets, our Conflict of Interest management tool ensures you stay ahead of potential conflicts.
Seamlessly integrated with your preferred tools like Open Source Payments, we provide the proactive edge you need to safeguard your business, mitigate risks, and stay fully compliant.
Trusted and preferred by global brands
Do these staff declaration management challenges sound familiar?
“Without a centralized system, staff declarations can easily get lost in the shuffle, making it hard to stay on top of potential issues.”
“Managing conflicts of interest manually makes it nearly impossible to enforce consistency across different departments or business units.”
“We’re forced to manually cross-check Open Payments data with declarations, which is inefficient and leaves room for human error.”
“We struggle with presenting conflict of interest data in a way that’s easily digestible for executives and stakeholders, often having to manually manipulate data.”
“Our existing Conflict of Interest tool operates in isolation and doesn’t integrate with the broader GRC program, making it difficult to get a unified view of risk across the organization and hampering our ability to make data-driven decisions.”
Flexible, integrated Conflict of Interest solution for your enterprise
Our easy-to-use Conflict of Interest solution allows your business to:
- Disclose potential conflicts openly
- Recuse from decision-making when conflicts arise
- Implement clear ethical guidelines and policies
- Establish independent oversight for conflict assessment
- Conduct regular reviews to identify and address conflicts
Manage staff declarations seamlessly
Our intuitive and flexible CoreStream GRC platform gives every user exactly what they need for Conflict of Interest Management.
With easy-to-follow processes, customizable workflows and disclosures, automatic reminders, user group settings, and HR integration, it helps ensure 100% completion and data integrity.
Encouraging transparency and accountability
Employee conflicts of interest (COIs) are observed often, but reported rarely. COIs are the third most commonly observed type of misconduct, according to the National Business Ethics Survey (NBES), but only 49% of workers who observe COI misconduct are reporting what they see.
Trusted COI provider for healthcare
“CoreStream’s GRC platform has made managing Conflicts of Interest effortless.
It’s user-friendly and flexible, letting us customize workflows and disclosures to fit our needs.
The automated reminders and HR integration ensure full compliance, giving us confidence that potential conflicts are well-managed and our business is protected.”
The University of North Texas Health Science Center
It’s time to manage conflicts of interest with ease.
Your single source of truth via powerful integrations
“There are plenty of expensive and complex risk software offerings out there but we wanted a product that was simple to use and intuitive. We quickly appreciated that the CoreStream GRC product was for us and, importantly, one with the potential and flexibility for our users to grow with.
Added to this has been CoreStream GRC’s service that, from enquiry to implementation, has been faultless.”
Ian Ross
Head of Audit & Assurance
“The BBC and its Partners have awarded contracts to CoreStream GRC through competitive procurement processes. I have recommended CoreStream GRC repeatedly as the company provides reliable, robust, intuitive software which has met the BBC information security, data and risk controls.
CoreStream GRC has been central to us securing and retaining audience trust and the business partnership we share is first class.“
Claire McLaughlin
Head of Interactive Technology
“The CoreStream GRC system provides us with an amazing single source of the truth, not only for what needs doing but also for what’s been done: it evidences it, which was always a problem in the past. By recording everything in one place, we can see all obligations, manipulate them and report on them.
My mantra is: if in doubt, get it into CoreStream GRC. You can never have too much information.”
Andy Indominus
Engineering Director
“CoreStream GRC gives us the entire picture, we know where to focus now, this is helping prioritize and future plan.
Sophie’s [account manager] been really, really good. She understands our pain points, our volumes, and why we need something different. We’ve built a solution that works for us, but it’s transferable, not bespoke. That makes it more powerful for everyone.”
Marc Wilson
Head of Information Security & Data Protection Officer
Take control of your staff declaration program
Learn more – contact us today!
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FAQs for conflict of interest
A conflict of interest occurs when an individual’s personal, financial, or relational interests compromise, or appear to compromise, their ability to make objective, ethical decisions on behalf of the organization. CoreStream GRC helps organizations identify and manage these risks effectively with their dedicated conflict of interest management solution.
Unmanaged conflicts can lead to regulatory breaches, reputational harm, and legal consequences. CoreStream GRC provides automated workflows and reporting tools to ensure transparency and compliance.
1. Accepting gifts or hospitality from vendors
2. Holding financial stakes in suppliers or competitors
3. Favoring suppliers due to personal relationships
4. Serving on external boards that influence internal decisions
5. Running a side business related to your employer’s operations
CoreStream GRC enables organizations to capture and review these disclosures systematically.
Best practices include:
A) Implementing a clear COI policy and code of conduct
B) Requiring regular disclosures from employees and board members
C) Using automated tools for COI tracking and reporting like CoreStream GRC
D) Training staff on identifying and reporting conflicts
E) Establishing an oversight committee for review and remediation
Typically, a compliance officer or dedicated compliance team manages day-to-day COI processes, while senior leadership ensures governance. CoreStream GRC provides role-based access and audit trails for accountability.