The customer is a preeminent $1.5B+ full-service construction services provider in the US, UK, Ireland and Asia that provides a broad range of preconstruction and construction services from the earliest project stages through close-out and commissioning.
Corporate management wanted to centralize the sub-contractor Certificate of Insurance data and automate the collection, management, requesting and renewals of these documents. Corporate also wanted to create a consistent process across the global organization and to measure sub-contractor COI compliance percentages. In addition, corporate management also wanted to be able to share information on sub-contractors between all business locations.
In partnering with CertFocus, their company streamlined collaboration between business units and increased ability to verify and measure sub-contractor insurance compliance. CertFocus also delivered an integration of this business intelligence into the client’s accounting system to provide controls on payments to sub-contractors in the event of these sub-contractors not submitting proper and compliant documents. Client is recognizing significant cost savings on FTE's due to lower administrative costs and controls. There is now transparency into the status of subcontractor compliance. Management now has access to multiple reports of which can aid in more effective business decisions for potential & future acquisitions. Corporate now has full access to see how each business entity is managing their Certificates of Insurance, and the organization has a centralized COI Management platform across the entire enterprise.
About CertFocus: http://www.certfocus.com/
CertFocus is the ONLY Certificate of Insurance and Vendor Management system designed and developed by veteran insurance industry professionals, FOR insurance professionals and risk managers, to simplify the COI management processes and to deliver unparalleled functionality. CertFocus understand the needs, the risks, and the legal demands faced by your risk managers day after day. This expertise is combined with outstanding, state-of-the-art technology to create unparalleled certificate management and protection. CertFocus is now the premier leader in SaaS-based Certificate of Insurance Tracking and related document management to the Fortune 500 and leading public sector organizations.
