Latest news with #COI
National Post
19 hours ago
- Business
- National Post
Vertikal RMS Launches Hawk-I: AI-Powered Revolution in Certificate of Insurance Compliance Tracking
Article content PLAINVIEW, N.Y. — Vertikal Risk Management Solutions (RMS), a leader in third-party risk management technology, proudly announces the launch of Hawk-I, its proprietary, groundbreaking artificial intelligence tool integrated into its flagship COI tracking platform, CertFocus. This innovation marks a significant advancement in automating and streamlining the traditionally manual and error-prone process of Certificate of Insurance (COI) verification and compliance tracking. Article content With Hawk-I, Vertikal RMS takes a significant leap toward fully automated insurance compliance tracking, empowering organizations to operate faster, smarter, and with greater confidence. Article content Article content 'Hawk-I represents a transformative leap forward in third-party risk management. By automating the COI review process, we're empowering organizations to proactively manage risk, ensure compliance, and protect their operations from potential liabilities.' Article content For decades, organizations have grappled with the challenges of manually reviewing and tracking COIs from vendors, contractors, and suppliers—a process often fraught with delays, human error, and inconsistencies. Hawk-I addresses these issues head-on by leveraging advanced AI technologies, including natural language processing (NLP) and machine learning, to extract and analyze insurance data from both structured and unstructured sections of ACORD Certificates of Insurance. This enables real-time compliance assessments, significantly reducing turnaround times from days to mere seconds. Article content Key Features and Benefits of Hawk-I: Article content Instant COI Data Extraction: Accurately captures policy information from Certificates of Insurance, minimizing errors and manual data entry. Real-Time Compliance Status: Provides immediate feedback on compliance, enabling swift action to address any issues. Cost Efficiency: Reduces administrative burdens and associated costs by automating labor-intensive processes. Enhanced Collaboration: Facilitates better communication between compliance officers, procurement teams, and vendors through transparent and responsive processes. Article content Hawk-I's adaptability extends beyond COI management, with capabilities to interpret other business documents and compliance records, making it a versatile asset across various departments and industries. Article content This launch underscores Vertikal's commitment to innovation and excellence in risk management solutions. By integrating Hawk-I into CertFocus, Vertikal continues to provide clients with cutting-edge tools to navigate the complexities of third-party risk and compliance. Article content About Vertikal RMS Article content Vertikal RMS is a premier provider of risk management technology solutions, specializing in Certificate of Insurance tracking and vendor prequalification. With a focus on innovation and customer success, Vertikal delivers scalable, integrated, and customizable platforms designed to mitigate risk and enhance operational efficiency. Article content Article content Article content Article content Contacts
Yahoo
20 hours ago
- Business
- Yahoo
Vertikal RMS Launches Hawk-I: AI-Powered Revolution in Certificate of Insurance Compliance Tracking
PLAINVIEW, N.Y., June 05, 2025--(BUSINESS WIRE)--Vertikal Risk Management Solutions (RMS), a leader in third-party risk management technology, proudly announces the launch of Hawk-I, its proprietary, groundbreaking artificial intelligence tool integrated into its flagship COI tracking platform, CertFocus. This innovation marks a significant advancement in automating and streamlining the traditionally manual and error-prone process of Certificate of Insurance (COI) verification and compliance tracking. "Hawk-I represents a transformative leap forward in third-party risk management. By automating the COI review process, we're empowering organizations to proactively manage risk, ensure compliance, and protect their operations from potential liabilities." - Robert Rodriguez, Chief Operating Officer, Vertikal RMS For decades, organizations have grappled with the challenges of manually reviewing and tracking COIs from vendors, contractors, and suppliers—a process often fraught with delays, human error, and inconsistencies. Hawk-I addresses these issues head-on by leveraging advanced AI technologies, including natural language processing (NLP) and machine learning, to extract and analyze insurance data from both structured and unstructured sections of ACORD Certificates of Insurance. This enables real-time compliance assessments, significantly reducing turnaround times from days to mere seconds. Key Features and Benefits of Hawk-I: Instant COI Data Extraction: Accurately captures policy information from Certificates of Insurance, minimizing errors and manual data entry. Real-Time Compliance Status: Provides immediate feedback on compliance, enabling swift action to address any issues. Cost Efficiency: Reduces administrative burdens and associated costs by automating labor-intensive processes. Enhanced Collaboration: Facilitates better communication between compliance officers, procurement teams, and vendors through transparent and responsive processes. Hawk-I's adaptability extends beyond COI management, with capabilities to interpret other business documents and compliance records, making it a versatile asset across various departments and industries. This launch underscores Vertikal's commitment to innovation and excellence in risk management solutions. By integrating Hawk-I into CertFocus, Vertikal continues to provide clients with cutting-edge tools to navigate the complexities of third-party risk and compliance. About Vertikal RMS Vertikal RMS is a premier provider of risk management technology solutions, specializing in Certificate of Insurance tracking and vendor prequalification. With a focus on innovation and customer success, Vertikal delivers scalable, integrated, and customizable platforms designed to mitigate risk and enhance operational efficiency. View source version on Contacts For more information or to schedule a demo of CertFocus, please contact:H. Lee RothCROVertikal RMSPhone: 888-383-4811Email: marketing@ Website: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20 hours ago
- Business
- Business Wire
Vertikal RMS Launches Hawk-I: AI-Powered Revolution in Certificate of Insurance Compliance Tracking
PLAINVIEW, N.Y.--(BUSINESS WIRE)--Vertikal Risk Management Solutions (RMS), a leader in third-party risk management technology, proudly announces the launch of Hawk-I, its proprietary, groundbreaking artificial intelligence tool integrated into its flagship COI tracking platform, CertFocus. This innovation marks a significant advancement in automating and streamlining the traditionally manual and error-prone process of Certificate of Insurance (COI) verification and compliance tracking. With Hawk-I, Vertikal RMS takes a significant leap toward fully automated insurance compliance tracking, empowering organizations to operate faster, smarter, and with greater confidence. Share "Hawk-I represents a transformative leap forward in third-party risk management. By automating the COI review process, we're empowering organizations to proactively manage risk, ensure compliance, and protect their operations from potential liabilities.' - Robert Rodriguez, Chief Operating Officer, Vertikal RMS For decades, organizations have grappled with the challenges of manually reviewing and tracking COIs from vendors, contractors, and suppliers—a process often fraught with delays, human error, and inconsistencies. Hawk-I addresses these issues head-on by leveraging advanced AI technologies, including natural language processing (NLP) and machine learning, to extract and analyze insurance data from both structured and unstructured sections of ACORD Certificates of Insurance. This enables real-time compliance assessments, significantly reducing turnaround times from days to mere seconds. Key Features and Benefits of Hawk-I: Instant COI Data Extraction: Accurately captures policy information from Certificates of Insurance, minimizing errors and manual data entry. Real-Time Compliance Status: Provides immediate feedback on compliance, enabling swift action to address any issues. Cost Efficiency: Reduces administrative burdens and associated costs by automating labor-intensive processes. Enhanced Collaboration: Facilitates better communication between compliance officers, procurement teams, and vendors through transparent and responsive processes. Hawk-I's adaptability extends beyond COI management, with capabilities to interpret other business documents and compliance records, making it a versatile asset across various departments and industries. This launch underscores Vertikal's commitment to innovation and excellence in risk management solutions. By integrating Hawk-I into CertFocus, Vertikal continues to provide clients with cutting-edge tools to navigate the complexities of third-party risk and compliance. About Vertikal RMS Vertikal RMS is a premier provider of risk management technology solutions, specializing in Certificate of Insurance tracking and vendor prequalification. With a focus on innovation and customer success, Vertikal delivers scalable, integrated, and customizable platforms designed to mitigate risk and enhance operational efficiency.
Scoop
3 days ago
- Politics
- Scoop
Fiji FICAC Saga: Suspension Rescinded, Appointments Revoked
Barbara Malimali was revealed as the new anti-corruption commissioner last September. Fiji's prime minister says the country's president has reviewed his decision to suspend the Commissioner of the Fiji Independent Commission Against Corruption, and rescinded the suspension. However, President Ratu Naiqama Lalabalavu has instead revoked the initial appointment of Barbara Malimali as Commissioner. Sitiveni Rabuka wrote on Facebook that this was to implement the first recommendation in chapter eight of a Commission of Inquiry (COI) report in accordance with legal advice. Lalabalavu has also withdrawn the rescission of the appointment of Lisiate Fotofili as acting deputy FICAC Commissioner and his return to his substantive position in the judiciary. Instead, he has revoked his initial appointment as acting deputy Commissioner – also 'in accordance with the first recommendation in chapter eight of the COI report'. The Fiji Law Society issued a statement on Sunday saying suspending the Commissioner of FICAC without the advice of the Judicial Services Commission is unlawful. Society President, Wylie Clarke said the prime minister has no constitutional role in the appointment or discipline of the Commissioner and acting deputy Commissioner of FICAC. Barbara Malimali – who was also the Electoral Commission chairperson – was revealed as the new FICAC commissioner last September. The announcement was causing a stir due to it being unclear if she held the Electoral Commission chairperson role at the time of for appointment – raising concerns about conflict of interest. Then, Malimali was taken for questioning by FICAC officers, sanctioned by the anti-corruption agency's acting deputy commissioner Francis Puleiwai. The Law Society statement this week said the 'FICAC saga' has distracted the Fijian government for many months and the Society had hoped the COI report would bring that to an end. Fiji Opposition leader, Inia Seruiratu, has called on the Government to make the COI report public. Rabuka said he is committed to release of the report which is funded by the people of Fiji. 'However this will be done in a manner to ensure that investigations are not prejudiced, civil rights of accused persons are respected and the rule of law maintained,' he said.
Scoop
3 days ago
- Politics
- Scoop
Fiji FICAC Saga: Suspension Rescinded, Appointments Revoked
Fiji's prime minister says the country's president has reviewed his decision to suspend the Commissioner of the Fiji Independent Commission Against Corruption, and rescinded the suspension. However, President Ratu Naiqama Lalabalavu has instead revoked the initial appointment of Barbara Malimali as Commissioner. Sitiveni Rabuka wrote on Facebook that this was to implement the first recommendation in chapter eight of a Commission of Inquiry (COI) report in accordance with legal advice. Lalabalavu has also withdrawn the rescission of the appointment of Lisiate Fotofili as acting deputy FICAC Commissioner and his return to his substantive position in the judiciary. Instead, he has revoked his initial appointment as acting deputy Commissioner - also "in accordance with the first recommendation in chapter eight of the COI report". The Fiji Law Society issued a statement on Sunday saying suspending the Commissioner of FICAC without the advice of the Judicial Services Commission is unlawful. Society President, Wylie Clarke said the prime minister has no constitutional role in the appointment or discipline of the Commissioner and acting deputy Commissioner of FICAC. Barbara Malimali - who was also the Electoral Commission chairperson - was revealed as the new FICAC commissioner last September. The announcement was causing a stir due to it being unclear if she held the Electoral Commission chairperson role at the time of for appointment - raising concerns about conflict of interest. Then, Malimali was taken for questioning by FICAC officers, sanctioned by the anti-corruption agency's acting deputy commissioner Francis Puleiwai. The Law Society statement this week said the "FICAC saga" has distracted the Fijian government for many months and the Society had hoped the COI report would bring that to an end. Fiji Opposition leader, Inia Seruiratu, has called on the Government to make the COI report public. Rabuka said he is committed to release of the report which is funded by the people of Fiji. "However this will be done in a manner to ensure that investigations are not prejudiced, civil rights of accused persons are respected and the rule of law maintained," he said.
