USE CASE

Manage Third-Party Risk with Automated COI Tracking

Effortlessly manage third-party risks with our automated COI tracking platform. Enjoy fast evaluations, global coverage, customizable profiles, and real-time monitoring to keep your business protected and agile.

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The Leading COI Tracking Solution for Risk Transfer and Compliance Management

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Discover Our COI Tracking Features

Explore how our advanced features streamline COI management, ensure compliance, and enhance automation, and global coverage.

Automated Evaluations

Eliminate manual reviews with our AI-driven automated evaluations. Our platform assesses Certificates of Insurance (COIs) quickly and accurately, identifying areas of non-compliance without the need for an analyst team. This efficient process ensures faster, more reliable risk assessments, enhancing your efficiency and reducing administrative overhead.

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Worldwide Coverage

Verify over 40 lines of insurance with comprehensive global coverage. Our platform supports verification in 140+ countries and 65 languages, catering to diverse business needs from property to specialized risks. Navigate international markets confidently with complete risk management and compliance solutions tailored to your global operations.

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Worldwide Coverage

Fast Evaluation

Accelerate your third-party evaluation process with results available in hours or minutes. Our platform’s rapid evaluation capabilities ensure timely insights for both you and your partners, speeding up decision-making and reducing wait times. Stay ahead with efficient and swift assessments that keep your operations moving smoothly.

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Fast Evaluation

Optimize COI Tracking with
Advanced Risk Transfer Solutions

Streamline your COI tracking with our robust risk transfer solutions. Our platform integrates comprehensive risk assessments and automated evaluations to ensure seamless vendor management and enhanced protection for your organization.

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Risk Transfer

Streamline your COI tracking and risk transfer with our solution. Automate evaluations, gain insights, and manage global compliance seamlessly to enhance vendor and supplier relationships.

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Due Diligence

Efficiently verify and manage your suppliers with our due diligence software. Automate evaluations, access global coverage, and enhance protection to safeguard your business and optimize vendor relationships.

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Onboarding

Streamline your vendor and supplier onboarding with Evident’s solution. Automate evaluations, centralize documentation, and enhance compliance, ensuring thorough protection and a seamless process from contract signing to ongoing management.

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How We Work With Your Team

We collaborate closely with teams to tailor our solutions for effective risk transfer, ensuring seamless integration and optimal risk management throughout your entire third-party lifecycle.

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Risk Teams

Strengthen organizational resilience by leveraging automated evaluations and ongoing monitoring to identify, assess, and mitigate risks from suppliers and vendors.

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Operations
Operations Teams

Maintain smooth operations by verifying the reliability of business partners, ensuring consistent performance, and minimizing potential disruptions to your workflow.

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Procurement
Procurement Teams

Enhance vendor and supplier management solutions with automated communication, global insurance verification, and robust contractual risk management.

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Never Look at a COI Again

See how with COI Tracking.

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Food Manufacturer

With Evident's Risk Transfer solution, the packaged bakery food manufacturer was able to upgrade their verification process from tedious and manual to automated and seamless.

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One of the largest manufacturers of packaged bakery foods in the United States needed a technology-based solution that could quickly and accurately verify their growing list of distributors' proof of insurance so they could scale their new line of business.

COI Tracking Frequently Asked Questions

How does Evident's COI tracking ensure compliance with evolving industry standards?

Evident's COI tracking ensures compliance with evolving industry standards through several key features:
Automated Updates: Our platform enables real-time updates to third-party compliance based on your specific requirements. This feature ensures that any changes you make to your requirements are instantly reflected, keeping your compliance checks always up-to-date and relevant.
Comprehensive Coverage: With verification of over 40 lines of insurance and support in 100+ countries, our platform adapts to diverse industry needs and international regulations, keeping you compliant across different markets.
Real-Time Monitoring: Ongoing oversight allows for continuous tracking of compliance status and performance metrics. This real-time data helps you stay ahead of changes and promptly address any gaps or issues.
Customizable Profiles: Tailor compliance requirements to specific industry standards and third-party types, ensuring precise adherence to the evolving guidelines that impact your business.

This proactive approach helps risk management professionals maintain compliance effortlessly, even
as regulations change. With real-time alerts for expirations and discrepancies, Evident ensures that
your organization remains compliant and avoids costly penalties.

How does Evident integrate with our existing risk management systems?

Evident’s COI tracking solution is designed for seamless integration with existing Third Party
Risk Management (TPRM) platforms and supplier management systems. The integration process is
straightforward, allowing for automated collection, verification, and monitoring of COIs without
disrupting your current workflows.

Evident’s platform supports various integration methods, including APIs, to ensure smooth data
exchange and centralized management of all COI-related activities, enhancing the efficiency and
accuracy of your risk management processes.

What specific features does Evident offer for large-scale COI management?

Evident is built to handle the complexities of large-scale COI management with features such as:
Automated Evaluations: Streamline the review process with AI-driven evaluations that handle large volumes of COIs quickly and accurately, reducing manual oversight.
Comprehensive Reporting: Generate detailed reports that include optimization suggestions and insights, helping you manage extensive third-party networks with ease.
Streamlined Workflows: Fully automated workflows ensure efficiency in processing COIs, minimizing administrative tasks and errors in large-scale operations.
Worldwide Coverage: Verify COIs across over 40 insurance lines and in 100+ countries, supporting diverse global operations and compliance needs.
Customizable Profiles: Create tailored requirements for different third-party types and industries, allowing precise management of large, varied COI portfolios.

How does Evident enhance decision-making capabilities for risk management?

Evident’s COI tracking solution provides real-time data and insights that enhance decision-making capabilities. The platform offers detailed analytics and reporting features that help risk management professionals evaluate the compliance status of third-party relationships.

By leveraging real-time information, businesses can make informed decisions quickly, identify potential risks, and take proactive measures to mitigate them. Evident’s comprehensive dashboards and customizable reports provide a clear overview of compliance metrics, supporting strategic decision-making and risk management.

Can Evident’s COI tracking solution handle complex compliance requirements across different Industries?

Yes, Evident’s COI tracking solution is adept at managing intricate compliance needs across diverse industries. Here’s how:
Tailored Configurations: The platform’s flexible profile creation supports industry-specific configurations, allowing for 1:1 alignment with individual contracts. This ensures COI evaluations meet both precise compliance and contractual requirements across various sectors.
Extensive Coverage: With the ability to verify over 40 types of insurance, Evident caters to the specific risk profiles of different industries, supporting adherence to both general and specialized regulatory standards.
Global Compliance: Evident’s solution operates in 100+ countries and supports 60+ languages, making it versatile enough to handle international compliance requirements and regional regulations effectively.

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