Many organizations establish policies to provide guidance regarding conflicts of interest when conducting business with outside organizations. A conflict of interest may occur when you have a personal or financial interest with the company or person you are conducting business with. As a part of managing conflicts of interest, it is important to manage and monitor the acceptance of gifts from both parties.
Gifts, entertainment expenses, and charitable donations are used frequently to build and maintain good relationships between your organization and the companies you do business with. However, if not managed properly, conflicts of interest can impact judgement and the business relationship. Most organizations implement some form of anti-bribery or conflict of interest policy to ensure employees are conducting business in an honest and ethical manner when contemplating or entering into a transaction or arrangement that might benefit one party over the other. It is crucial to ensure that any gifts, entertainment expenses, or charitable donations are within the company's policies and do not pose a conflict of interest to protect the relationships between partners, customers, vendors, and anyone else you conduct business with.
On May 21st, the RSA Exchange introduced a new offering to help you address your organization's requirements for gift registration. The RSA Archer Gift Registration app-pack helps monitor the risks against violations of conflict of interest with regards to gifts, entertainment expenses and charitable donations. In doing so, you can identify requests over the organization's threshold and manage the exceptions to identify areas with potential conflicts of interest and address the issue.
RSA Archer Gift Registration allows you to:
- Track gifts, entertainment expenses, and charitable donations
- Identify and manage non-compliant expenses
- Manage and report exceptions for approved expenses outside of the organization’s threshold
- Provide visibility into the status of the requests
Interested in learning more about the RSA Archer Gift Registration app-pack? Join us for a Free Friday Tech Huddle on Friday, May 31, for a live demo. Free Friday Tech Huddles are only available to RSA Archer customers. If you are not yet a customer but you are interested in learning more, please contact your local representative or authorized reseller — or visit us at www.rsa.com.
RSA Archer Gift Registration Dashboard