Why Integrate Insurance Compliance Software with Procore?
Compliance Management Companies can help mitigate risk, but their solutions are only truly effective if integrated efficiently into existing workflows.
For example, take a look at Bulley & Andrews, a Chicago-based ENR 400 Construction Firm. The biggest problem with their previous compliance software was the fact that it didn’t integrate with Procore. They were uploading, monitoring, and updating compliance data manually and then reporting it back to Procore. This was wasting 2-3 hours per week per project accountant and delayed about 50% of payments to subcontractors.
Jones was the only company that could enable Bulley&Andrews to create new projects and send COI requests to subcontractors directly within Procore.
Switching to Jones led Bulley&Andrews to:
- Save hundreds of hours on managing insurance compliance
- Pay subcontractors significantly faster
- Streamline their entire compliance process
Dana Erdman, Director of Technology & Innovation, Bulley & Andrews.
Read more about why Bulley and Andrews’ switched to Jones.
#1 Subcontractor COI Audit Time
It’s critical for your compliance management solution to audit COIs in a timely manner. Quick audits will enable your subcontractors to get paid and start working faster. Jones has one of the fastest COI audit times in the industry – always under 24 hours. Even during the busy renewal periods, Jones average audit time only increases by 3 to 4 hours at most.
MyCOI customers have reported significant audit time delays around the busy renewal periods and TrustLayer’s audit times vary based on the components they are tracking within a COI. Other compliance management solutions not featured on this matrix such as SmartCompliance have a 48 hour audit time.
#3 Procore Integration Type
Jones is the only compliance management solution that has an Embedded Integration within Procore. Not only is this true for the two other companies on this matrix, but also amongst the many other compliance management solutions on Procore’s app marketplace including SmartCompliance, EBIX, and CTrax as well.
Data Connection Apps
Just import and export data between your compliance management software and Procore. Example: showing the expiration date of a subcontractor’s COI within Procore. You’ll still need to leave Procore to do essential functions such as sending a COI request to a subcontractor.
Embedded Apps
Actually enable you to do compliance management tasks in Procore. Example of tasks you can do directly within Procore:
- Create new projects
- Initiate COIs requests to subcontractors
- Upload COIs from subcontractors
Embedded Apps
Actually enable you to do compliance management tasks in Procore. Example of tasks you can do directly within Procore:
- Create new projects
- Initiate COIs requests to subcontractors
- Upload COIs from subcontractors
Here’s how one Chicago-based construction company saved hundreds of hours by switching to the Jones compliance solution and integrating it with their Procore account. Read More