Business Transparency Tool automates the task of identifying related parties (related entities) and helps protect your business from fraud and inflated costs
Proper conflict of interest management should be one of the priorities for businesses that strive to maintain a high standard of corporate culture.
Conflicts of interest are detected through the analysis of various kinds of relations (capital, personal, family, financial, and other relations). Analyzing related parties will allow you to:
*Source: PwC Economic Crime Survey in Poland, 2016
"Even companies that already have procedures for conflict of interest management still experience such situations, which may remain undetected. We therefore see it as crucial to use in-depth analyses to identify any unwanted relations."
If you choose to analyze related parties by yourself, the process may prove labor-intensive and costly, requiring you to tap into numerous sources of business information (records in the (CEIDG), the National Court Register (KRS), the Central Statistical Office (GUS) etc.), information about employees or business partners (including identification numbers, address and contact details, and bank account numbers).
Business Transparency Tool analyzes relations based on a full set of data. The results are presented in the form of clear visualizations and detailed tables.
Identify entities related to employees engaged in competing activities
Identify groups of suppliers that circumvent your purchasing policies
Detect relations between your suppliers and clients that could potentially utilize your business to make chain transactions
Examine direct and indirect relations (even up to the second and third degree of relations)