ISO 37001 is the most widely recognized anti-bribery management standard in the marketplace, and its goal is to help organizations to put an anti-bribery management system (ABMS) in place, fight bribery and promote an ethical business culture. This standard is based on the continual improvement management system model, which is also used for other popular standards such as ISO 9001 or ISO 14001, making it easier for organizations to integrate anti-bribery management into their overall efforts to improve quality and environmental management.
Bribery is a phenomenon which raises serious social, moral, economic and political concerns, undermines good governance, hinders development and distorts competition. It also compromises human rights, as it erodes justice and proves to be an obstacle to relieving poverty. It results in a higher cost of doing business and imbues commercial transactions with uncertainties. Bribery also diminishes the quality of products and services, which can lead to loss of life and property. It destroys trust in a country and its institutions, because it interferes with the fair and efficient operation of markets. A conservative estimate by the World Bank puts the cost of worldwide bribery at about US$1 trillion per year.
ISO 37001 Solution
SoftExpert offers the most advanced and comprehensive software solution for compliance management, which meets the demanding needs of various global regulations. The SoftExpert Excellence Suite helps companies to comply with ISO 37001, while lowering costs, maximizing success, increasing productivity and reducing risks.
The SoftExpert solution enables organizations to easily meet ISO 37001 requirements, providing resources to develop policies, set targets and objectives, train people, deploy controls, manage due-diligence processes, analyze and understand data to make decisions and measure the results, boosting ABMS efficiency and reducing the risk of bribery. With online collaboration capabilities, the organization and managers can communicate and be updated on anti-bribery initiatives, involving more users, teams, offices and business units with a systematic and unified approach that ensures ABMS maintenance and effectiveness.
Assist organizations in improving business processes and avoid dishonest practices.
Create transparency and facilitate communication between stakeholders.
Assist in defining and disseminating the anti-bribery policy among employees and business partners.
Facilitate definition and implementation of controls to detect bribery practices.
Promote involvement by leaders to ensure that ABMS runs smoothly.
Automate due diligence processes, streamlining information collection and analysis.
Allow easy integration with other organizational management systems, such as quality or environmental, health and safety systems.
Demonstrate the company's ethics to the market and show respect for customers.