Discover how CTrax will change the way you do business.
CTrax increases productivity, employees spend less time managing documents and more on risk mitigation. Users have absolute control to instantly view all their certificates of insurance information. Tracking COI’s can cost a company multiple hours a week and drain resources.
The CTrax platform permits risk mitigation professionals to efficiently upload and access data and lowers operating costs for clients of all sizes. Realize ROI – Gains up to 90%.
One of CTrax’s premier features is the capture process, which reads uploaded and scanned documents. CTrax accurately analyzes insurance compliance requirements by comparing with vendors certificate limits and identifies exceptions. The CTrax hierarchy structure indexes vendor insurance, contracts requirements, additional insured, waivers, and endorsements in a compact database for easy management. This permits companies to easily access multiple certificates of insurance according to vendor types, industries serviced, or types of coverage required.
CTrax provides the ability to immediately find any information needed, while reducing hours of work into minutes.
Minimizing a company’s exposure to risk is an important aspect for all businesses, which is why CTrax is so necessary. Another important aspect is ensuring that all risk exposures and lines of business are covered. Through automated workflow, the chance for human error is eliminated. Manage risk autonomously with our system to update and manage all information pertaining to certificates of insurance.
Certificates of insurance can be required for many reasons. For example, to mark an occasion, the company decides to set up their warehouse with lighting and a stage and hires entertainment. Because of numerous laws and safety codes, the company is responsible for maintaining certificates of insurance.
This includes the setup crew and any other hired persons in their building. Normally, this would require a ton of extra time and effort to organize and manage. But, using CTrax employees spend less time searching through filing cabinets and more time ensuring that your business is running. CTrax automatically mitigates user risk by removing the stress of having to manually manage certificate operations. In the case an incident does occur, coverage is only a click away. It’s like having a personal assistant that you don’t have to micromanage among other features.
CTrax greatly reduces the time and expense to properly manage certificates of insurance (COI). The autofill component allows you to take a hands-off approach to the document management process. CTrax reads and comprehends documents scanned into the system. Enabling all fields and blank spaces to get instantly populated with the correct information.
CTrax runs the COIs through a system in order to check their validity among other features. During this process, the program records all of the dates associated with the certificates of insurance so that it can automatically provide reminders and send out status emails. The system also sends out renewal requests. Upon return, it stores and updates the database on your behalf.
CTrax offers AM Best subscription to check insurer’s rating. The autofill component is the next step that makes the system so extraordinary.
CTrax’s will extract, store, and update COIs with minimal input with over 90% accuracy. CTrax also files and organizes all information into a user-friendly system. Users can quickly find any document through the global search bar, which will generate results based on any full or partial search. Users are freed from the process of having to manually track and manage COIs by allowing JDi Data’s automated system to do the work for them.