Jones Network, one of the most exclusive insurance lifecycle automation software options. for real estate businesses, serves real estate owners, property managers, developers, and contractors.
Previously their operations were mostly about insurance operations, from extraction to collections. They are an insurance compliance solution for all things real estate.
But this February 8, Jones is taking a step forward to expand their horizons. Getting tenants and vendors to stay compliant with the insurance will get much easier with this. Starting on 8th February, every Jones account holder and software will be able to access the exclusive Jones Network. This network is a pool of data that is constantly and automatically updated by the company.
With this network, all real estate professionals will be able to look up vendors, tenants, and subcontractors' insurance coverage. This will help you view their profiles instantly and understand their insurance details. This is a data network that will have thousands of updated profiles and will be stored on Jones.
Another exciting fact is that these profiles will be collected, reviewed, and then stored. Hence there is no chance of sketchy data and facts.
So, is this exciting new feature exclusive to the Jones account? What is the latest in the market about this development? Let us find out more about this in the article below.
Exclusive - The Jones Network launch webinar - With CEO Omri Stern
Exclusive - The Jones Network launch webinar - With CEO Omri Stern
To launch their exclusive Jones Network, CEO Omri Stern will hold a webinar. But remember, this webinar is exclusive and you need to RSVP if you wish to join. After their launch on 8th February, they will hold the webinar on 9th February at 2 PM EST. It will be on for 1hr only, so, do not forget to join in.
This will also allow their users enough time to use this new feature and come up with queries if any.
The CEO himself will conduct this webinar and help the Jones account holders understand this new development.
The key points that they will discuss in this webinar are,
A Jones account holder will be able to use an on file Certificate of Insurance (COI) to request audits on any of their properties, projects, or buildings. This can be done at any time and it only needs real estate professionals to make three clicks to get started with the audit.
The 'Predicted Compliance Statuses' is another feature that CEO Omni Stern will discuss. This feature helps real estate companies understand the risk factors of each vendor or company. This will allow businesses to make more calculated moves in the future and keep their business safe.
What can real estate professionals gain from this event?
What can real estate professionals gain from this event?
The Jones Network instant view of insurance coverage profiles is exclusive to the Jones account. If you are a real estate business or property manager, or owner, this exclusive feature is a great option for you. That is why it is important you join this event to find out how this feature will help. There will also be a one-day window before the event to use this feature before joining the event. You can use the feature within this time to get the basics right.
This event will also help you figure out how you can get audits done in a few clicks on any building/property under your portfolio. Then you will know the risks of the insurance and how much expenditure it may incur. This can be a very streamlined process for real estate professionals to help with their budgeting and forecasting too.
Real estate professionals can simply enter the name of the vendor, choose the requirement you have and add them. Then Jones will come up with a report of their predicted compliance status. This feature will also help professionals get a better idea about risk management and risk aversion. This can be a great way to start refraining from engaging with such businesses which have high predicted non-compliance status.
The real estate market is already volatile in the real estate market, in both U.S. and Canada. Why take more risks when you can access all this valuable data at the Jones Network and avert these risks?
How is the Jones Network changing the perspective of real estate insurance?
How is the Jones Network changing the perspective of real estate insurance?
Most real estate companies have to face the logistical nightmare of dealing with analog insurance compliance methods. The main burden falls on property managers to collect the insurance data, organize them, and then analyze, and fact-check them. This can take days, hours, or even months if your portfolio is diverse and spread out.
This is where the Jones Network has come in to change the way real estate views real estate insurance compliance. This is helping real estate professionals build trust and betters the coordination between all stakeholders.
Like the CEO Omni Stern previously mentioned in an exclusive podcast they developed this system to help companies provide instant verification to vendors, tenants, or subcontractors. They have also mentioned that this software easily integrates with other regular property management software solutions. So, there will be no issue of system overlap or redundancy. This will be like an exclusive addition to your already present ERP system.
In other news - The Jones Network
In other news - The Jones Network
What are the key features that the Jones Network will offer? At this event, you will get a complete walkthrough of all the new and exclusive features of this development.
The vendor profile
The Jones users will be able to view and access vendor profiles at any given time. This will tell you the insurance coverage of each vendor, and their risk predictions.
Vendor discovery
In case you have previously worked with a vendor, you do not need to re-enter their data. You can discover them on the Jones Network from the stored vendor data systems. No more going through bulky insurance paperwork to find the right documents.
Parting Thoughts
Market reports by Alleywatch say that the vendor approval process in the real estate market has gone down from 12 days to 2.5 days on average after the Jones Network usage. This is a major step towards positive development in this competitive market. So, in case you have any more doubts about this new feature, we suggest you tune in to the webinar.
Need more such suggestions about the digital transformation and exclusive events of the real estate world? Get in touch with the KriyaGo team to get constant updates about all things real estate. Our experienced team can help you reimagine the way you view business. Talk soon for more!
