EXIGIS, LLC. (www.exigis.com), the leading provider of risk management, insurance, and trade finance software and services, has announced the release of RiskWorks rm.Compliance 10.7, the next generation of the company’s industry-leading contract compliance and insurance certificate validation software.
EXIGIS RiskWorks rm.Compliance was one of the first web-based workflow automation software solutions purpose-built for the management, verification and maintenance of contract compliance and third party certificates of insurance.
“Today’s risk manager is faced with the challenge of managing an increasingly complex and progressive risk landscape. The promise of technology is to increase the risk management ‘efficiency quotient’ by improving access to timely and actionable business intelligence. This is particularly important in the context of supply chain and counterparty risk,” said Frank McMackin, Director Business Development and Accounts at EXIGIS.
The release is an important upgrade to RiskWorks rm.Compliance and marks a momentous advancement in insurance compliance technology. Release 10.7 delivers significant interface and feature enhancements and includes powerful new functionality relating to the aggregation of account data across multiple contracts, management of organizational unit hierarchies and subsidiaries, adaptation of non-standard contract requirements,tracking of risk saturation levels and total spend, and process reporting and analytics.
“Obtaining and verifying third party certificates of insurance is now a standard part of doing business. But it should only be step-1. How much do you really know about your suppliers? Can you quantify your aggregate exposure by supplier, region, product line, etc.? rm.Compliance 10.7 is designed ahead of the curve to facilitate next level management of insurance compliance,” said Frank McMackin, Director Business Development and Accounts at EXIGIS. #certificateofinsurance #Technology #InsuranceServices #insurancecompliance #insurancecertificate #certificatetracking