Bond-Pro
Bond-Pro, founded in 1991 and headquartered in Tampa, Florida, develops advanced technology solutions for surety carriers and agencies to grow premiums while reducing risks and costs. It offers a range of software products including Bond-Pro Enterprise NextGen, Bond-Pro Professional, and Bond-Pro Agency, supporting digital surety methods and comprehensive surety functionalities.
Company History
Bond-Pro was founded in 1991 and is headquartered in Tampa, Florida. Since its inception, Bond-Pro has concentrated on developing advanced technology solutions aimed at helping surety carriers and agencies to grow premiums while reducing risks and operational costs. Over the years, Bond-Pro has managed to release 10 major upgrades and accumulated over 450,000 development hours, making it a leader in the field of surety automation software.
Products
Bond-Pro offers a range of products tailored for different stakeholders in the surety industry. Bond-Pro Enterprise NextGen is a web-based platform designed for comprehensive enterprise surety management. Bond-Pro Professional serves as a locally installed, total lifecycle management software specifically for surety underwriters. Bond-Pro Agency is tailored for surety agencies and agents, while the Bond-Pro B2B Surety Hub enables seamless data exchange between Bond-Pro agencies and carriers. Additionally, the software integrates with Surety2000 for electronic bidding and the Nationwide Multistate Licensing System & Registry (NMLS) for electronic bonding.
Key Features
Bond-Pro's software offers multiple digital surety functionalities, including digital signatures, e-bidding, e-bonding, and e-verification. The extensive Forms Library includes over 12,000 continually updated forms. The platform supports the management of digital and electronic signature certificates, as well as electronic power of attorney documents. It also includes multiple configurable financial formulas, visual workflows, alerts, and notifications. Additionally, the software has capabilities for bond verification, dashboards, business intelligence, and comprehensive bond accounting features.
Surety Process Automation
Bond-Pro’s software covers the entire surety process, from submission and underwriting to issuance, servicing, claims, and collateral management. The platform's features extend to managing reinsurance treaties, calculating ceded premiums and losses, and surety-specific claims. Financial aspects, such as A/P and A/R, cash in suspense, and direct collect, are also managed within the software. Agencies and carriers can leverage the Bond-Pro B2B Surety Hub for instantaneous data exchange and utilize self-service web portals for bond verification.
Business Intelligence and Reporting
Bond-Pro provides robust business intelligence and reporting capabilities built into its software. Users can benefit from customizable dashboards and detailed reporting features, which assist in monitoring and analyzing surety-related financials, risks, and operational metrics. These capabilities enable surety carriers and agencies to make data-driven decisions, enhance operational efficiency, and better manage their portfolios.