Are you still receiving surety bonds in paper format or allowing PDFs to be submitted but still requiring the paper original? Are you using an electronic bidding platform but still requiring paper surety bonds? Surety2000 digital surety bonds provide a secure, reliable alternative to the paper method, efficiently modernizing your procurement department.
Digital surety bonds are overwhelmingly preferred by surety companies for good reason – they’re less prone to tampering, simpler to execute, and eliminate unnecessary paperwork for all involved. Surety2000 enables the online delivery of reliable, timely, and validated digital surety bonds for your agency’s requirements.
The Benefits of Digital Surety Bonds:
- Expedited Execution and Delivery: Digital bonds are processed in minutes rather than days, significantly speeding up the procurement timeline.
- Enhanced Security: Secure PDFs with digital staple technology and QR codes ensure that documents cannot be altered before receipt by the agency.
- Advanced Electronic Signatures: All digital surety bonds are signed using encrypted electronic signatures, providing higher security than traditional wet signatures, notaries, and corporate seals.
- Critical Audit Trail: Digital surety bonds are time-stamped, providing a comprehensive audit trail for all actions taken during the execution process.
- Legal Enforceability: Since 2000, over 750,000 surety bonds have been executed through Surety2000, and no bond has been denied legal effect simply because it was created in a digital format.
Additional Benefits:
- Convenience for Contractors: Digital surety bonds are more convenient for contractors, reducing the risk of fraud and increasing transparency and accountability among vendors.
- Environmental Friendliness: Going digital reduces paper waste, supporting environmentally friendly practices.
- Increased Competition: Digital surety bonds broaden the ability of vendors to bid on your projects, increasing competition and potentially lowering costs.
Surety2000 seamlessly integrates with your bidding and contract software, offering a fast, efficient way to collaboratively receive surety bonds with instant notifications of execution sent to all parties immediately.
Experience a secure and advanced digital surety bond process for accepting timely, accurate surety bonds. Contact us today at 1-800-660-3263, marketing@surety2000.com, or by visiting www.surety2000.com.