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December 05, 2012

University at Buffalo Selects Osprey's Conflict of Interest COI RiskManager

By Raju Shanbhag, TMCnet Contributor

Osprey Software Solutions has announced that the company’s Osprey COI RiskManager has been selected by University at Buffalo, New York’s largest public university, to solve their demanding conflict of interest compliance.

Conflict of interest (COI) compliance is a complicated discipline with various moving parts. Companies administer numerous professionals at many locations which makes the process challenging. Leaving companies with substantial risk and liability, paper-based compliance processes can be incredibly time and resource intensive.

Osprey Software Solutions’ COI RiskManager is a scalable enterprise-class compliance management system. It was created to get rid of financial exposure across industries including: finance, healthcare, academic and research organizations. To meet the demanding policies and procedures of any size organization, COI RiskManager was built from the ground up.

Easy to deploy, Osprey COI RiskManager is configurable product. It encourages participant compliance and enhances organizational effectiveness. Participants are guided through focused, interactive questionnaires that prompt them only for needed information. Only when a potential conflict is detected, additional information is requested.

“We’re excited to bring Osprey COI RiskManager to the University at Buffalo with an eight week implementation cycle,” says Chris Cazer, CEO of Osprey Software Solutions. “We are pleased that the University determined that our solution offers the tools, features, and unique user interface that they need to ensure their regulatory compliance.”

In 2011, the company introduced Osprey COI RiskManager, an enterprise-class compliance management system that automates conflict of interest (COI) reporting at hospitals and medical research facilities. Using the strict COI reporting processes and best practices at Partners HealthCare as the application model, Osprey COI RiskManager was built from the ground up. Osprey COI RiskManager makes use of a Web-based workflow framework that offers interactive forms and questionnaires that can be fixed to a company’s own COI process.

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Edited by Brooke Neuman

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