Compliance Approval at the click of a button.
Efficient. Systematic. Transparent.
Start using your Proxora Compliance Approval System for compliance-relevant assessments of any kind and enjoy efficient protection against compliance risks.
Why do I need a Compliance Approval?
You must be particularly careful:
- Gifts and hospitality are customary practices for cultivating business relations. They serve to build and foster relationships with customers and business partners.
- Furthermore, they aim to create a positive image and arouse emotions in relation to the company, its brands, products and / or services.
- But be careful: under certain circumstances, such benefits may be considered as undue influence and may even result in bribery accusations.
- To prevent not only reputational damages clear guidance is required. The permissibility of benefits received by employees from third parties or vice versa must always be carefully examined in advance.
Assessment criteria can be so different!
Intercultural and regional concerns
Do the gifts and invitations comply with the legislation specific to the country (e.g. benefits to public officials)?
Variance of monetary limits
Is the value of the benefit appropriate to what is customary in the country and the position of the recipient?
Pending business decisions
Is the recipient in the position to influence a pending decision?
Business related occasion
Has e.g. the invitation for a lunch been offered in connection with a business meeting?
Frequency of benefits
Is the frequency of contributions offered to the same business partner appropriate?
Discover your advantages
Faster risk assessment for all.
Ensure that all your employees can reliably, carefully and easily review benefits, both granted and received, in advance.
Always be on the safe side.
From the clear business context to the appropriate value to the permission in terms of legislation: document each activity transparently as well as comprehensively and thus enable your regulatory certainty.
Prevent risks and reputational damages.
Clear and simple guidance enables you to accurately classify the circumstances under which you or your employees may accept certain benefits in the company
Would you like to be covered when it comes to compliance approvals?
Then contact me for more information as well as solutions tailored to you. I’m looking forward to hearing from you!
Product Owner Compliance Approval
Download our compliance-approval product flyer:
Ensure hassle-free compliance assessment and approval.
Discover our intelligent system and minimize your risk across the enterprise.
Based on defined criteria, the system determines the compliance risk of invitations to events, meals and gifts, for example, and initiates the necessary approval process.
A case-specific risk assessment and the resulting defined approval levels allow you maximum adaption to your company structures.
Activities that are not permissible will be rejected directly.
Flexible Assessment of further Activities
With flexible workflows, you can also review sponsorship activities, donations or memberships transparently, and reliably identify potential conflicts of interest.
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