New Integration Empowers Procore Customers to Streamline Payments and Protect Project Timelines
INDIANAPOLIS, IN (November 14, 2024) – myCOI, a leading provider of Certificate of Insurance (COI) management solutions, today announced a new integration with Procore Technologies, Inc., the leading global provider of construction management software. This enhanced integration is designed to significantly improve insurance compliance management for construction professionals, offering even more features that streamline risk and compliance management, while providing a comprehensive solution to oversee multiple certificates of insurance for vendors and subcontractors.
Construction professionals know that delays cost time, money, and relationships. With the enhanced myCOI integration, Procore users can now manage insurance compliance more effectively, ensuring subcontractors get paid on time and with their projects staying on track.
Key Benefits for Procore Users:
• Ensure Timely Payments with Procore Pay: With myCOI’s enhanced integration, compliance data syncs with Procore Pay’s Insurance Compliance module, ensuring easy access to essential information. This means subcontractors who meet insurance requirements get paid without delay, keeping your projects moving smoothly and avoiding costly setbacks.
• Simplified Vendor Management: Procore users can create and manage vendor records directly within Procore, with real-time synchronization to myCOI. This reduces manual data entry, minimizes errors, and ensures that all compliance information is up-to-date.
• Compliance Visibility: Insurance compliance updates are pushed into Procore with automatic updates that sync compliance reviews within two hours. This gives users the confidence that all insurance requirements are met, reducing the risk of project delays due to non-compliant vendors.
• Streamlined Operations with Procore Apps: The myCOI integration fits seamlessly into existing Procore workflows. Whether a user is managing a vendor’s eligibility to be on-site or to be paid via Procore Pay, myCOI ensures that compliance is one less thing to worry about.
“Our goal is to ensure Procore customers can focus on what they do best—building—while we handle the compliance details,” said Kristen Nunery, CEO at myCOI. “With this enhanced integration, Procore users can protect their projects, relationships, and bottom line.”
“Procore’s enhanced integration with myCOI helps our customers achieve compliance and streamline payments,” said Brint Markle, Head of Ecosystem Partnerships, Procore. The combined power of Procore and myCOI helps construction businesses around the world protect their projects, strengthen relationships with subcontractors, and maintain momentum on even the most complex jobs.” For more information about the myCOI + Procore integration visit mycoitracking.com/procore-integration.
About myCOI
myCOI is a leading provider of Certificate of Insurance (COI) management solutions, specializing in helping businesses efficiently manage and track insurance compliance. With a focus on reducing risk and simplifying the COI process, myCOI offers innovative solutions designed to streamline compliance management and protect businesses from potential liabilities.