- Enhance transparency: By documenting conflicts of interest and the actions taken to address them, you can demonstrate your organization's commitment to ethical conduct and compliance.

- Streamline processes: With a structured template in place, you can easily track and manage multiple conflicts of interest declarations, ensuring that no issues slip through the cracks.

- Mitigate risks: By monitoring conflicts of interest and implementing appropriate actions, you can reduce the risk of legal and reputational consequences for your organization.