Conflict of Interest Monitoring
Provide a greater level of assurance to executives, the board and shareholders that Conflict of Interest (COI) and collusion risks are being managed effectively.
Collusion or Conflict of Interest can seriously impact your business operations and result in financial loss, fraud, and loss of reputation.
Due to the complexities associated with Conflict of Interest in an organisation, the monitoring of these risks is limited to onboarding or ad-hoc based on a sample of transactions. This is ineffective – leaving organisations unnecessarily exposed. The common use of a self-attestation approach is not objective or data-driven, leaving responses open to be manipulated to cover up potential Conflict of Interest.
Comprehensive COI Monitoring
Utilise a data-driven approach to monitor COI or collusion risks within your organisation.
Gain deeper insights through continuous cross-system and 3rd party data set matching.
Identify potential conflicts as they happen and not months or years after the event.
Provide greater assurance to management that Conflict of Interest risks are being managed effectively.
The Satori Solution
Satori is a Software as a Service that offers automated, continuous monitoring of COI risks across your organisation.
The Solution’s workflow manages exception output to ensure follow-up in a timely manner by the team or the person of responsibility. Each exception is investigated and closed out with a defined issue, action, and root cause.
Satori’s Dashboards provide management with real-time visibility on what issues are occurring and their root causes, enabling opportunities for process improvements.
Satori for every Conflict of Interest scenario
- Conflict of Interest
- Employee/Vendor Conflicts
- Employee/Customer Conflicts
- Employer/Employee Personal Relationships
- Gifts and Benefits
- And More
Conflict of Interest
- Vendor details matching employee details
- Same requester same approver
- Vendor director details matching employee details
- Contracts rolled over more times than policy allows
- Vendor details matching Director or Employee details
- Vendor details matching Employee Next-Of-Kin
- Vendor Director details matching Employee details
- Director checks
- Customer details matching employee details
- Customer details matching employee next of kin
- Customer director details matching employee details
Employer/Employee Personal Relationships
- Director checks
- Duplicate employee details
- Matching bank accounts
- Matching home addresses
Gifts and Benefits
- Vendor frequently gifting an employee
- Vendor gifting multiple employees
- Gifts over or always just under the allowable threshold
”Satori COI monitoring uncovered that a recruitment agency was receiving preferential terms due to an undisclosed relationship between the agency, HR manager and our companyManufacturing BusinessHead of Internal Audit
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“I would recommend Satori to any organisation that wants to be on top of their game by having the ability to be warned and protected 24/7 *365 days a year. 100% testing run daily on high-risk assertions wouldn’t be possible without this tool doing its magic in the background.”Yuliya Gultekin - Manager Audit and Assurance, Risk and Assurance TeamWaka Kotahi New Zealand Transport Agency
“Satori takes our data, puts it through their magical system, and presents it back to us in an actionable format.”Principal Fraud and Corruption ControlGovernment Utilities
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