End-to-end vendor insurance verification and fulfillment solution to minimize administrative costs and your exposure.
Evident knows that there’s no “one size fits all” when it comes to how manufacturing operations deal with insurance for their vendors and contractors. The sheer quantity and diversity of suppliers requires both flexibility and responsiveness.
Manufacturers turn to Evident to provide visibility into the total insurance risk of the supply chain, greatly reducing exposure to negative events like product recalls.
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.
Evident is working with one of the largest manufacturers of packaged bakery foods in the U.S., one that operates 40+ bakeries producing many household brand names. With access to live COI monitoring through Evident’s platform, the manufacturer has seen a noticeable uptick in their distributor compliance rates and overall savings.
This free calculator simulates the potential return on investment that your company could realize by using our technology-based insurance verification solution to vet and retain your vendors and other third-party partners. Simply answer a few questions and fill out a form to see how much money your company could be saving with Evident!