Lack of transparency in contracts with fees and add-on expenses between carriers and service providers.
The VIP System provides transparency to both carriers and service providers to see all assignments, fees and potential add-ons, along with the opportunity to view the signed contract.
VIP Software enables carriers to easily access all vendor contracts in one convenient place. This allows both carrier and service provider to view and access the same contracts and validate in real time, leading to increased compliance and transparency. With BAP™, 95% of contract validationis automated. The platform enforces pre-approved business rules and rate logic at the time of assignment, drastically reducing the need to reference contracts manually. Edits or revisions to contract terms are rare — often only needed once a year — meaning carriers can operate with confidence knowing that the system is doing the heavy lifting.