Leveraging Salesforce App Exchange

Assist public entities and contractors transition to electronic bonding utilizing industry standardized policies and procedures.


See: Electronic Bonding

Transitioning to Electronic Bonding

Services

Transitioning to Digital Communications

Surety Based Risk Management - General Contractors

Surety Based Risk Management - Pubic Enities

Assist public entities and contractors leverage the prototype Salesforce application on the Salesforce App Exchange to enable data interoperability utilizing industry standardized XBRL and FIBO.

The risk of default is often managed by requiring surety bonds, which are often filed away in folder, or with its data stored on a hard drive as a PDF and its data inaccessible.

Legacy systems were installed before data interoperability was an option, and therefore lack the connectivity to exploit all the various new technologies that can be utilized to better administer projects.

Surety Based Risk Management is simply the use of data interoperability applied to surety underwriting, followed by ongoing monitoring of the performance being guaranteed under the bond

Surety Based Risk Management is simply the use of data interoperability applied to surety underwriting for qualifying contractors and administering construction contracts to significantly reduce underwriting burden and create improved risk management capabilities through predicative analytics. 

Assist public entities and contractors transition to Data interoperability utilizing industry standardized XBRL and FIBO.

Assist general contractors that administer contracts under legacy systems with leveraging the open and free data standards to enable data interoperability without having to leave the legacy system.

Assist with implementing a subcontractor pre-qualification and bonding process.

Assist with implementing predictive analytics for managing subcontractor default through better communication and coordination with the surety that provided the subcontract bond.

Assist Public agencies that administer contracts under legacy systems with leveraging the open and free data standards to enable data interoperability without having to leave the legacy system.

Support agencies that are seeking MGT Act funding to transition to the cloud, enable data interoperability and support data analytics.

Support agencies with compliance with the DATA Act, the OPEN Government Data Act or California AB1223

Surety Based Risk Management