ComplianceBridge Writes Another Risk Chapter of Compliance Software With Conflict of Interest Management 3.0. | ComplianceBridge

ComplianceBridge Writes Another Risk Chapter of Compliance Software With Conflict of Interest Management 3.0.

Written by Risk Management Team on February 7, 2024

SILICON VALLEY — July 7, 2023 — ComplianceBridge, the pioneers in compliance software, announced the launch of COI 3.0 today, enhancing our comprehensive, all-in-one Conflict of Interest management software. Our dedicated software teams continue to transform complex compliance challenges into streamlined solutions. 

This version simplifies our robust approach further, making it faster to learn and simpler to manage. This cost-effective application enhances time efficiency, elevates audit processes with deeper reporting capabilities, and introduces greater customization options to support a variety of assessment projects.

Bill Harrison, co-founder and CTO of ComplianceBridge, shares, “This latest version of our Conflict-of-Interest management software represents years of development and incorporates new features directly requested by our users. It aims to close the information gap within organizations, facilitating swifter, more informed decision-making.”

The new COI 3.0 introduces:

  • Supercharged COI Assessments: Easily build COI question sets from templates or scratch. A question takes about a minute to write using a variety of question types. 
  • COI Questions Pre-loaded: Our risk specialists have created “29 Essential Questions,” including a series of financial, business, and personal questions for you to revise and tailor to your industry and company.
  • Add Conditional Questions: With answer text blocks, the conditional questions get the disclosure details on the first COI assessment. Allowing you to learn the issues and respond quicker.
  • Real-Time Dashboard: View your results in real-time graphic displays on our new dashboard.
  • Risk Rating: Questions can be numerically weighted for detailed analysis, allowing for quick, efficient conflict risk prioritization.

In this update, we wanted to give you more detailed information to provide you the capability for deeper insights and respond faster.

Distribute COI Assessments: Define the exact recipients of each assessment while simultaneously distributing your various question sets to multiple groups/locations.

Automated Notifications and Reminders: Automated notifications ensure that individuals, groups, departments, or even global teams stay informed. At the same time, the automatic reminders keep the assessment completion time faster.

Delegate Questions: Offers the flexibility to reassign questions to individuals or groups, with all activities, including revisions and updates, automatically tracked.

Real-Time Response Analysis: View responses as they are submitted and even view answers before the individual assessment prior to submission, allowing for immediate risk management improvements. 

Enhanced Detailed Reporting: Our advanced reporting tools provide in-depth risk evaluation at a granular level, recording all stages and activities for future audits.

ComplianceBridge engineers have given users enormous freedom in designing questions for respondents while simplifying the ability to use a variety of question types. To enhance data analysis, specific questions can be weighted to make more accurate scoring while applying conditional logic. With these COI assessments, users have the ability to pinpoint risks and determine the control measures your company should implement.

“For those risk professionals searching for a faster and easier way to conduct COI assessments, our software equips them with the tools they need to automate data collection and analysis while making it easier to provide more comprehensive data to help management make better decisions quicker,” says Dave Carroll, Senior Sales Director at ComplianceBridge Risk Division. 

For more information, please contact us for a demonstration to show the simplicity of the new innovative features, dashboard graphic enhancements, and how to tailor workflows, as well as provide more specific explanations to fit your way of doing business. 

Ask About our GRC Management Suite by ComplianceBridge

Built in collaboration with Silicon Valley IT security software engineers and industry-leading compliance professionals, ComplianceBridge is in the process of engineering an end-to-end enterprise GRC Management Suite software platform that bridges the gap between people and the information they need most. Risk Audits and Risk Assessments allow customers to create, distribute, track, and manage their risk audits with a suite of integrated solutions such as conflict of interest management, automated workflows to push the review and approval process, and real-time results graphics on our new dashboard. You can also produce customizable reports and easily export data into other applications. Our new Incident Management Reports and Corrective Action Plans help you see the details in real time while you document issue investigations and give detailed action steps using our new Dynamic Workflow capabilities. The backbone of Governance is the company’s flagship policy and procedure management product that allows the management of 500,000 people globally. It is the most comprehensive policy management software, with more than 20 years of engineering and three million lines of code to back it up. Combining this suite of products enables ComplianceBridge to be the ‘one-stop-shop’ solution for compliance management and risk consultants. 

ComplianceBridge Media Contact

Victor Caldwell | VP, Chief Marketing Officer | ComplianceBridge™ 

(903) 831-3017

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