If a company intelligently rules out the software strand and the insurance strand, there is still another option that may catch their attention–the safety strand.

This strand is found among the large, one-size-fits-all vendor qualification solutions. These providers often include insurance as part of a larger safety-focused solution.

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One of the most common complaints we hear from organizations that have been enticed by this model is that the one-size-fits-all-solution didn’t fit them, or more importantly, it didn’t fit their vendors.

Vendors end up paying large annual registration fees, and because their requirements vary among multiple hiring organizations, the concept of an annual registration fee doesn’t make much sense.

Furthermore, many of these service providers specialize in safety screening and simply outsource the COI tracking to a software or insurance strand in the end.

If transferring loss is the number one reason to track COIs, the only logical solution is to use someone with a DNA not listed above. Enter BCS.

BCS protects organizations by collecting and correcting vendor insurance and other self-reported data. Our DNA is the risk-management strand.

The set of instructions we use in development and functioning requires us to focus on every detail, to ask all the tough questions, to listen intently, and to think strategically as we layout a customized COI tracking program for each unique client.

Our motivation to create great software is the result of our need to track the human activities and work-flows we use to bring about compliance.

And rather than a conflict of interest, we assign each client a dedicated team, which becomes intimately familiar with their rules, requirements, exceptions, waivers, communication protocols, and virtually every aspect of the process.

Instead of asking our clients and their vendors to conform to our way of doing things, we customize our solution to fit what they are already doing.

Because of this, BCS clients never get stuck paying for services they don’t need or use, while vendors and brokers often say how happy they are that BCS is the one calling them and not “that other service provider.”

If you think the risk management strand is right for you, set of instructions used in development and functioning—there is a clear conflict of interest between those who issue COIs and those who audit them for compliance.

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