CINC Systems, the largest software-as-a-service solution dedicated to community association management, has launched an integration with Vendor Information Verification Experts (VIVE), the industry’s leading vendor compliance software.
This integration will enable CINC clients to seamlessly share and update vendor information and insurance records between the systems, streamlining vendor management across the two solutions.
Reducing risk — and time — for management companies
“In an environment of continually increasing insurance costs for communities, the importance of risk management has grown,” said VIVE CEO Joe Bushey. “Managing that risk involves more than just collecting certificates of insurance; it’s ensuring that all information related to that vendor has been properly vetted by risk management professionals and ensuring that information is kept current on an ongoing basis. With today’s tightened labor market, finding internal resources to handle this time-consuming task is harder than ever. That’s where VIVE comes in.”
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VIVE handles all aspects of vendor registration and vetting. Integrated with CINC, management companies can know whether a vendor is verified at any given time. In addition to its core vendor compliance services, VIVE offers a suite of vendor management tools, including a fully-automated request-for-proposal platform that costs nothing for vendors or management companies to use.
“It was very important for us to have a seamless integration with CINC Systems,” Bushey said. “It gives us the opportunity to work with some of the fastest growing management companies in the country. What’s more, the company has a near 100% client retention rate; we’re offering a free service to clients who are already using a best-in-class system, making it a win-win situation for all of us.”
Two solutions tailor-made for the industry
Launched in 2017, VIVE is the association industry’s first bespoke vendor compliance solution, boasting an executive staff with more than 80 years of combined experience in the management and support of community associations. VIVE serves more than 90 management companies and has registered more than 25,000 vendors.