Crawl-Walk-Run: Integrating Insurance Tracking with ERP and Contract Tools
Matt YasarInsurance Certificate SolutionsComments are off for this post

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 […]

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Expiring Insurance Certificates: The Importance of Tracking COIs
Matt YasarUncategorizedComments are off for this post

Many organizations rely on subcontractors and vendors to provide essential services as part of running their business. Adequate insurance coverage is typically top of mind with third parties, but expiring COIs is often overlooked or event forgotten about. That’s why it’s important to validate that all of your contractors, subs, vendors, and suppliers keep their […]

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The Risk of an Expired COI
Matt YasarUncategorizedComments are off for this post

Do you know what happens if you have a contractor with an expired COI and there is an incident? Without current coverage that meets your minimum requirements, it can cost your organizations hun Monitoring vendor and contractor insurance coverage is critical to minimizing the risk of an organization, but how do you possibly do it […]

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The Role of Insurance Certificates in an Organization’s Digital Transformation Strategy
Matt YasarInsurance Certificate SolutionsComments are off for this post

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 […]

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Insurance Certificates – Metrics that Matter
Matt YasarInsurance Certificate SolutionsComments are off for this post

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 […]

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The Risk of “Doing Nothing”
Matt YasarUncategorizedComments are off for this post

At COI Pro, we hear from numerous organizations that are going through a digital transformation. Part of that transformation is investing in technology to manage their insurance certificates. In several cases, an office administrator who has multiple responsibilities in the organization is tasked with driving their first technology evaluation project. The need for software has […]

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COI Tracking Software: Point Solutions vs. Platforms
Matt YasarInsurance Certificate SolutionsComments are off for this post

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 […]

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The Importance of Insurance Expertise for COI Tracking Software Providers
Matt YasarInsurance Certificate SolutionsComments are off for this post

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 […]

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What is COI tracking?
Matt YasarUncategorizedComments are off for this post

The term COI tracking is used broadly by insurance professionals and related organizations that manage and maintain insurance certificates for their third parties, but the definition has evolved over the last 10 years. As new types of software have been introduced in the market, COI tracking options for companies that leverage contractors, suppliers, vendors, and […]

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It’s Budget Season for COI Tracking Software
Matt YasarUncategorizedComments are off for this post

We’ve reached Q4 2022 and for most organizations that means budget season for CY2023 is here. Dozens of organizations have connected with us this year inquiring about COI tracking software, but many didn’t have an approved budget or have a change management plan on how to get buy-in from key stakeholders in the organization. Because […]

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