Users must track the expiration date of their vendor’s liability insurance in order to ensure that they remain compliant as required by legal regulations.
Users want to start working with vendors weeks before the liability insurance expiration date in order to ensure that they are eligible for contract work. Currently, users have to manually check the expiration dates. This is not an efficient method to ensure that they start the compliance process in a timely manner.
Objective — Provide proactive alerts to users that a vendor’s expiration date for liability insurance is occurring within a specified time.
Outcome — Users created watchlists to monitor and alert users to the expiration date of vendor’s liability insurance in order to ensure that vendors are compliant. Having this visibility enables users to begin the process of communicating with their vendors to remind them to become compliant with legal regulations as soon as possible.
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