iAutomate, Surety2000 Streamline Electronic Bid Bond Data

The Insurance Automation Group and Applied ConneXion Integrating Vendor have signed an agreement to integrate the surety workflow automation solution iAutomate: Erlon Surety with Surety2000. Insurance firms and contractors subscribe to the Surety2000 system, which submits their bid bond directly to the owners/obligees electronically and protected from fraud by utilizing a digital signature. Surety companies can track and monitor surety bonds and powers of attorney electronically, while surety agents can issue bonds instantly.

With the new integration, firms that use iAutomate: Erlon Surety will be able to transmit surety bond data directly to Surety2000 without rekeying. This will expedite the process of submitting a bid bond electronically. Additionally, it is expected to help eliminate duplication and reduce errors. "This integration falls within our initial workflow model wherein surety processing systems can move data from the surety agent to the owner/obligees," says Joe Sforzo, president of Surety2000. "Integrating with a system such as iAutomate: Erlon Surety is a great step toward recognizing Surety 2000 as the national repository for surety bonds.""Electronic submission of bid bonds rapidly is becoming the industry standard, and insurance firms need to streamline the steps involved with processing surety bonds," says Jeff Bucci, national sales manager, Insurance Automation Group. "With this new integration to Surety2000, firms that use iAutomate: Erlon Surety will be able to enter data once and transmit it seamlessly."