Despite economic uncertainty, business is booming for industries that rely on surety bonds such as construction and freight. (Gina Sanders/Adobe Stock)
Surety hasn't always been synonymous with the idea of technological advancement but it has evolved from a highly manual and paper-based industry to one that incorporates digital technologies. The surety industry is leveraging technology in new ways to facilitate underwriting, simplify bond processing, and automate workflows. The pen-and-paper era of our industry is long gone. Now, digitized processes offer accuracy and efficiency in ways that haven't previously been seen.
Despite economic uncertainty, business is booming for industries that rely on surety bonds, including construction, freight and automotive. That means if you're trying to get ahead of your competition, paper contracts and repetitive data entry are holding your business back. Businesses that utilize cloud-based solutions to increase their efficiency report increased sales performance, customer engagement, operational advantages, and a boost in employee productivity. It's clear that the surety industry stands to benefit from trusting and embracing a digital transformation.
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