51视频

51视频 Vendor Credentialing

Everything You Need for Effective and Easier Vendor Management

Are you a vendor? See the benefits of Vendor Credentialing

Vendor Credentialing

51视频 has released a new Vendor Mobile App for vendors to help them stay connected wherever they are. Read More .

Managing vendors requires more than performing a background check.

Without the right solution, the vetting process can be tedious and complex. Missteps and errors can cost you in increasing expenses, risk and fraud. 51视频 Vendor Credentialing is a full-service solution that can be customized to your unique business requirements. Work with the vendors you want who meet your compliance requirements with the flexibility to set insurance requirements at the company level or at the property level. Intuitive dashboards provide visibility into their compliance status, success metrics, background checks, risk levels and more for a comprehensive performance profile to aid your selection process.

And now 51视频 provides 3 additional tools and services to help vendors keep their insurance and documentation current for your properties.

1. NEW Vendor Mobile App

51视频 helps your vendors stay current and connected with the 51视频 Vendor Mobile App.

We realize vendors are constantly 鈥渙n the go鈥 and鈥痶he new Vendor Mobile App can assist vendors with staying connected. The new mobile solution has been developed just for vendors is now available in the and stores!

Now your vendors can conduct many common tasks from the convenience of their phone:

  • View their clients and serviced properties
  • Link new properties to existing clients
  • Check their status per client
  • Upload documents
  • Review outstanding issues
  • Update company details, such as identifying the vendor鈥檚 insurance agent, adding principal information and more.
2. NEW Ability to Contact the Vendor's Insurance Agent

Vendors can now add contact information for their insurance agent(s). This information ensures that 51视频 reaches out to the correct person when working on vendor insurance documentation. The contact information reflected on certificates鈥痮ften reflects a generic office contact who may not be familiar with the vendor鈥檚 policy, which may cause delays. Working directly with an identified agent will help your vendors get their documentation updated and approved for work faster.

3. NEW Certificial Process

51视频 has partnered with Certificial to enhance our insurance document collection process and ability to reach specified agents.

Certificial is a third-party provider that integrates with the existing software packages used by insurance agents nationwide for managing insurance policies, including鈥痶he preparation of insurance certificates and policy endorsements.

What does this mean for your vendors? Once your vendor provides authorization for 51视频 to contact their insurance agent, they can start to benefit from Certificial document collection services.

Going forward agents will see document requests from 51视频 Vendor Credentialing 鈥 these requests will be shared through Certificial and will populate within their Agency Management System (AMS). Agents will have the ability to respond to requests and provide documents鈥痺ithout relying solely upon emailed notifications. Certificial can also notify agents when a requested item, such as an endorsement, has not been attached during the submission process.

"51视频 is providing Stiles and our represented third-party ownerships, a solution which ensures our vendors have acceptable insurance and financial standing according to our specific guidelines, that they are passing background checks and do not have criminal records. These elements are essential in our line of work because it allows us to reduce costs associated with vendor risk and liability, assure that vendors are delivering an outstanding service, and make sure they have ongoing compliance with our specific guidelines and requirements."

Shelly Rubizovsky
Insurance Specialist, Stiles Corporation

"51视频 Vendor Credentialing (Compliance Depot) is a great product. What sets this company apart is its customer service and willingness to accommodate its customers鈥 changing business needs. My company had to split the vendors in our accounting system into two separate databases. But we still needed to monitor all of these vendors in one database. 51视频 made the program changes to help us accomplish this very smoothly鈥攇oing well beyond what we expected."

Christopher Bitner
Staff Accountant, WSH Management

"51视频 Vendor Credentialing (Compliance Depot) puts our minds at ease when it comes to the risks associated with vendor usage. The automated enrollment process is easy for vendors to complete, and the website is very user-friendly. The Risk Advisory team utilizes their extensive knowledge and expertise to help streamline the process even more when you have special situations come up with vendors."

Stephanie Smits
Benefits and Risk Manager, Highmark Residential

Reduce Liabilities. Increase Visibility.

Managing W-9s, insurance certificates and other documents can be costly and time-consuming. 51视频 Vendor Credentialing minimizes the costs associated with vendor liability and helps ensure vendors comply with your standards. This powerful solution:

  • Enables real-time visibility into vendor insurance and liability coverage
  • Notifies you when vendor coverage is about to expire and gets them approved before your next project
  • Verifies criminal records with comprehensive background checks, insurance and financial status for the vendors who work on your property
  • Provides custom reporting details on enrolled, exempt and approved vendors

Accelerate Project Assignments with Credential Key

What do you do when you need a new vendor on site within 24 hours? Are you willing to take unnecessary risks because that vendor doesn鈥檛 meet your specific compliance requirements? You can be confident that vendors who participate in the 51视频 Credential Key Program meet your compliance requirements. The key icon featured on their Vendor Credential profile means they have been thoroughly vetted and are eligible for same-day approval.

Vendors with this premium distinction are matched with your specific certification requirements. We take care of the insurance paperwork to make it easy for you and further reduce risk, so you can get the vendors you want whenever you need them.

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10 Mistakes Management Companies Make With Vendors

10 Mistakes Management Companies Make with Vendors delivers insights on these top three mistakes, reveals what the other seven are, and shows you how to avoid making any of them. Whether you鈥檙e using internal corporate staff, external service partners or property site teams to manage your vendor compliance, you鈥檒l learn how to minimize costs associated with vendor liability risk, better manage compliance and ensure vendors satisfy all of your requirements.

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