In today’s fast-paced environment, insurance tracking software has become increasingly essential for organizations to manage their COIs efficiently. These software solutions enable organizations to monitor and track their third parties’ insurance coverage and other critical insurance-related information, including their compliance status. However, integrating insurance tracking software with other tools like Enterprise Resource Planning (ERP) systems […]
As more companies, small and large, begin to implement a company-wide digital transformation initiative, the stakeholders responsible for procuring COI tracking software often find it can be a windy road that includes evaluating software vendors, documenting demo results, obtaining buy in from the Legal or Risk team, negotiating a contract, and more. After getting over […]
Digital transformation and the efficiencies gained through applying technology throughout an organization is rapidly changing the way companies operate across every department. Companies that leverage third parties to operate their business are no exception to the wave of new technology that is being adopted. In this post, we will explore how digital transformation can benefit […]
Certificate of Insurance (COI) management is an essential part of managing risk in an organization. It is important that your compliance administrator tracks and reports key metrics in order to ensure that all third-parties are compliant and have the necessary coverage required by your organization. There are several metrics that should be tracked when managing […]
A point solution is a software application or tool that is designed to solve a specific problem or fulfill a particular need. It is a targeted, efficient solution that can help streamline business processes and increase efficiency. When it comes to tracking certificates of insurance (COI), a point solution is often the better choice when […]
As companies increasingly rely on contractors to perform a variety of tasks, the need for effective certificate of insurance (COI) tracking has never been greater. This is where companies like COI Pro come in, providing software that streamlines the process of tracking and managing contractor insurance information. However, simply providing the software is not enough […]
Insurance agents can partner with COI Pro in a number of ways. Some of the most common ways include: Overall, there are many ways that insurance agents can work with COI Pro to improve their business and better serve their clients. Contact us today to learn more!
As we enter 2023, we are seeing a number of new trends emerging in the field of certificate of insurance tracking software that will impact organizations that do business with third parties/subcontractors. Trend #1 – One trend that is gaining a lot of traction is the use of artificial intelligence and machine learning algorithms to […]
OCR (optimal character recognition) technology has become an important tool for efficiently managing COIs in a modern compliance program. The old process was to have a program administrator manually keystroke each field on an ACORD certificate into a spreadsheet or some type of software. In other cases, the COIs are just added to a loose […]
Our development team continues to build enhancements that add value for users of our market-leading insurance tracking software. Below are the latest improvements to COI Pro that will be made available on Sunday, May 2, 2021 at 9:30am CST. COI Pro App v2.7 Release Highlights Revised the management console for the host-specific settings and created […]