Is Inflation Impacting Your Business? Automation Can Help.

Avoid costly mistakes in your compliance processes. Automated insurance tracking software saves you time and money.


The impact of inflation on your business.

Inflation is having a direct impact on the economy and businesses which has caused many to question how they can keep up with rising prices.

While navigating your business through this time of uncertainty, there are things you can do to ensure growth and alleviate worry and stress. Assessing what processes you have in place and making sure your business is running as efficiently as possible is imperative.

Managing risk is one process that your business must have in place. Certificates of Insurance (COI) are a huge part of successfully running your business, but it takes a lot of time, energy, and resources to manage them manually. This can be especially difficult if you have multiple locations and assets making it almost impossible to keep track of everything efficiently and reliably. 

Companies are spending too much money managing their risk manually.

Certificates of insurance are one area where automation can help. The process of managing certificates of insurance is time-consuming and expensive. You have to keep track of renewal dates and make sure that each individual certificate of insurance has the right information on it, including the name of the insured, policy number, expiration date and coverage amount.

You know how challenging it can be to manage your company's insurance requirements. Today's risk management landscape is complex and constantly changing, which means that it's hard to stay on top of all the changes and details that go into maintaining certain types of coverage. One way businesses can keep up with this fast-paced industry is by automating insurance compliance.

Benefits of Automation:

  • Reduced labor costs and increased productivity
  • Minimized errors and improved quality
  • Increased efficiency 
  • Mitigated risk with increased compliance
    • Protecting yourself from out of pocket legal expenses from non-compliant insurance documents
  • Eliminates costly project delays from not having all necessary insurance documents

Insurance compliance software saves time & money and provides you with an efficient tool: that allows you to enter all the necessary information into one central database. The software then sends out reminders when a certificate needs to be renewed or updated and you are notified in real time so that you don't have to worry about keeping track of those details in a spreadsheet.

With this type of system in place, you won't have to worry about forgetting about a certificate until it's too late—and you'll save money by not paying someone else to manage these tasks!

PINS will save you time and money. 

PINS simplifies and streamlines the way you manage Insurance Certificates. Check out just some of the product features that allow you to optimize your workflow:

  • Email Automation
    • Email templates
    • Group Emailing
    • Custom Scheduling
    • Activity Feed
  • Insurance Templates
    • Customization
    • Search & Filter
    • Apply to Projects
  • Certificate Storage
    • Secure Cloud Storage
    • Centralized Database
    • Export Data
  • Insurance Compliance Reporting
    • Reporting & Analytics
    • Expired, Non-Compliant, Pending and Delinquent COIs
    • Quick Search & Advanced Filters

Whether you're a large or small business, PINS can help take some pressure off your shoulders by offering you an efficient, accurate, scalable and secure solution for managing your COIs.  Book a demo today to learn more! 

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Book a Demo now to find out more about how PINS can help you manage risk compliance. 

PINS enables you with the technology, libraries, workflows and customer support that is needed in order to take your business to the next level.