Introducing the Next Generation of Total Surety Automation
Take a Giant Leap Forward in Surety Technology with Bond-Pro Enterprise NextGen
A visual, highly configurable workflow engine that reliably facilitates automated decision making & issuance, business process management & enforcement, triggering of scheduled jobs, tasks, alerts and notifications providing countless benefits with respect to implementation acceleration, a reduction in on going system maintenance & administration, increased capacity, revenue growth and lowering operational costs.
Create automatic electronic notices to ensure receipt of updated financials, WIPs, and other documentation. Set customizable alerts based on events to notify internal users, producers and principals.
Portal interface that allows agents and principals to submit, communicate and manage bond requests, renewals, riders, payments, financials, work in progress, and reports.
Major improvements to Contract Surety including Electronic Account Application Submission & Underwriting, Account Lifecycle Management, tightly coupled Risk & Rate Tiers, streamlined Bid execution, monitoring and conversion to one or more final Performance, Payment, Maintenance and/or Other Bonds, expanded Job Monitoring & Management capabilities, Work In Process (WIPs) & and Financials Statement Analysis with configurable ratios
Configurable financial formulas & ratios enabling close conformity with established underwriting guidelines and the capture & incorporation of wisdom. Bond-Pro Enterprise NG reduces the time, effort, inaccuracies and risk associated with manual data entry. It’s plug-in infrastructure enables data connectors to be developed and easily added that automatically gather information from multiple sources including credit agencies (i.e. Equifax, TransUnion), industry related organizations (i.e. RMA), government, (i.e. OFAC), and/or your Enterprise Services Bus
Surety specific claims and collateral processing, tracking and reporting. Manage and report on collateral including status of active, released, drawn, or expired. Apply and manage collateral against claims.
Manage, track and report on multiple reinsurance treaties. Generate ceded premiums and losses; automatically calculate amount due reinsurers based on treaties. Enforce Limits by bond reinsurance categories. Set alerts on reinsurance treaty amounts
Complete bond A/P & A/R, cash in suspense, over and underpayments, direct collect, sliding rates, sliding maintenance, automatic fees, commissions, etc. User defined rules for default calculations based on bond, carrier, or principal. Automatically calculates and alerts on reserve level requirements on either set dollar amounts or percentage. Ability to track and report real time loss ratios and profitability by bond type, agency, principal, etc
Mature functionality addressing unique Surety specializations (i.e. subdivision, reclamation, customs, etc.), arrangements, and complexities including various Reinsurance Agreement Types, Co-Surety, Assumed Business, Fronting, Ceded Premiums, Subrogation, and different levels/categorizations of Underwriting Authority layered among a intricate combinations of Employees, agents, agencies and accounts; Thus eliminating shadow systems (i.e Excel, Homegrown, “square peg, round hole” alternates, etc.) and the many frustrations stemming from layers of workarounds
Our professional forms manager provides the most flexibility of any product in the market by easily importing, populating, configuring,
editing and processing Bonds and Custom forms in both PDF and MS Word file formats. Our Forms Library contains in excess of 12,000 forms, and is continually updated.
Electronic power of attorney interface to manage the issuance, use and reporting of powers to producers along with storage of digital and electronic signatures
Even the best management system is rendered useless without the ability to report on your data when and how you want. It is for this reason alone that Bond-Pro has gone to great length to provide a comprehensive reporting interface with many standard reports and dashboards
Why wait? Touch here to contact us today to schedule a demonstration tailored to your unique needs
Touch here to download and share Bond-Pro Enterprise NG collateral materials
NextGen Includes All This And Far Much More! Contact Us Today For A Demonstration