With risk managers having to qualify over 20,000 verifications annually (that’s roughly 55 COIs a day…assuming you work weekends), it is safe to say COIs can get out of control quickly.
But what if there is a better way?
Cutting out your admin work, so you can get back to the important things.
Evident doesn't just store your third-party COIs, we digitize all COI and policy details so we can provide complete analysis of your supply chain's exposure.
Evident automates the entire process - collection, verification, analysis, decisioning, storage, and monitoring of third-party COIs and policies to ensure compliance with corporate standards.
Our workflows can handle the exceptions and even offer fulfillment to ensure that more of your supply chain partners have active and up-to-date coverage, while greatly reducing your administrative effort.
Evident integrates guidance from insurance industry partners into actionable reports that eliminate redundant coverage and optimize premiums to reduce overall cost for you and your network partners.