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Make internal whistleblowing a strategic advantage

Vault Platform helps your corporate compliance, ethics, and HR teams throughout the entire process of capturing, investigating, resolving, and reporting on incidents.

With a multigenerational workforce that largely favors digital communications, traditional whistleblowing hotlines are seen as increasingly outdated. The most effective way to open a two-way dialog with a prospective whistleblower, anonymously or in-name, is through Vault Platform’s mobile app.

Our technology can also blind-connect multiple parties reporting the same or a similar incident and help identify problems before employees feel compelled to take their concerns to an external body.

New regulations for whistleblowing are coming

In 2020, authorities worldwide, including the Securities and Exchange Commission (SEC), began implementing new rules to whistleblower programs with the goals of providing greater transparency to the process and increasing the incentives and awards external whistleblowers receive.

  • The added pressure of COVID on companies and employees is driving an increase in misconduct and a corresponding increase in external whistleblowing.
  • The concern here is having prospective whistleblowers first use an internal reporting channel is the most desirable approach for businesses in order to minimize the risk of financial and reputational damage.
  • Unfortunately, legacy internal mechanisms – such as the traditional hotline – are used only by 6% of people that reported misconduct, according to the 2019 Global Business Ethics Survey.

In the US, companies must adhere to the Whistleblower Programs Improvement Act (WPIA) and the Whistleblower Protection Reform Act of 2019 (WPRA). Meanwhile, forthcoming European regulation will apply to any company that has employees in the EU, under the EU Whistleblower Protection Directive coming in December 2021.

how Vault Platform helps your company facilitate internal whistleblowing

ISO Certified

Vault Platform helps you remain compliant with regulation such as the EU Whistleblower Directive, the Whistleblower Programs Improvement Act (WPIA) and the Whistleblower Protection Reform Act of 2019 (WPRA)

Organisational Security & Practices

Encourage potential whistleblowers to raise their concerns internally, before going to an external party such as the SEC or FCA, allowing you to nip the problem in the bud and avoid hefty fines

Data & Analytics

Get to resolution fast, before incident reporters become frustrated with the process. Most regulatory investigations are into incidents that an employee tried to escalate internally but abandoned after facing too much resistance

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