TrustLayer Launches Integration with Procore to Help Construction Companies Synchronize Subcontractor Compliance Statuses in Real Time | New
SAN FRANCISCO, June 22, 2021 / PRNewswire / – Layer of trust, the provider of next-generation solutions for compliance monitoring, today announced an integration with Procore Technologies, a leading construction management software platform. The integration brings TrustLayer’s real-time assurance verification capabilities into the Procore platform, allowing Procore users to validate that a company has the assurance required to access a job site. The TrustLayer platform also automates the collection and tracking of Certificate of Insurance (COI) and other compliance documents such as W9s and sureties.
Two-way integration allows quick access to valuable information about insurance compliance between the two platforms.
Construction companies and real estate investors should ensure that their business partners have the appropriate insurance coverage to meet their contractual risk requirements. TrustLayer’s collaborative risk management The platform helps construction teams track, manage and verify compliance statuses of subcontractors, vendors and other third party service providers. The new integration between Procore and TrustLayer enables quick access to valuable insurance compliance information in the Procore software.
“In these tough economic times, many contractors do not maintain proper commercial insurance coverage,” said Jean Fohr, Chairman and CEO of TrustLayer. “The TrustLayer / Procore integration enables construction companies to speed up start-up times by automating the collection and tracking of compliance documents.”
TrustLayer uses robotic process automation (RPA) and artificial intelligence (AI) to automate insurance and license verification. The detailed risk assessments of their subcontractors that the platform provides to construction teams are now easily accessible from Procore.
“Our partnership with TrustLayer brings next-generation risk management technology to construction teams to help them protect their businesses with vital, real-time contractor insurance data,” said Doug Gibson, Business Development Manager at Procore. “This integration is another example of how Procore is committed to helping the construction industry maintain maximum efficiency while introducing the latest innovations and technologies that work in synergy with our platform and benefit users. “
The integration expands the assurance section of Procore with an assurance tracking certificate and real-time verification that policies and limits meet contract requirements. Keeping Procore companies and projects in sync with TrustLayer parts and projects adds an additional level of efficiency for users in addition to the automated Certificate of Assurance, w9, professional and commercial license tracking provided by TrustLayer. The integration is available now in the Procore Market TrustLayer and Procore users or learn more about: TrustLayer.io/procore.
TrustLayer is a collaborative risk management application that helps reduce friction between businesses. The company uses robotic process automation (RPA) and AI to automate the verification of insurance, license and compliance documents of their business partners (i.e. suppliers, contractors, suppliers , borrowers, tenants, carpooling and franchisees). TrustLayer is a proud member of BrokerTech Ventures and over 20 of the top 100 insurance brokers have invested in the business. The company also received top honors at the Institutes Annual Convention 2020. Learn more about TrustLayer.io.
Procore is a leading provider of construction management software. Procore connects people, applications and devices through a unified platform to help construction professionals manage risk and build quality projects, safely, on time and on budget. Procore has a diverse business model with products for project management, construction finance, quality and safety, and field productivity. Based at Carpinteria, California, with offices around the world, Procore is used to manage billions of dollars in annual construction volume. For more information on Procore, visit procore.com.
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