SOFI is ARK’s AI-powered engine designed specifically for Certificates of Insurance (COIs), enabling fast and accurate compliance assessments. Leveraging OCR-backed technology, SOFI quickly extracts, verifies, and cross-references data against insurance requirements, automatically flagging non-compliant elements. This drastically reduces administrative workload and provides precise compliance insights in minutes. SOFI is equipped to handle various COI formats, ensuring smooth processing and adaptability to unique compliance needs.

Key Capabilities:

• Review Acord 25, Supplemental Forms, and NYSIF: Supports review of standard insurance forms, ensuring compliance across varied document types.
• Batch COI Processing: Processes multiple COIs simultaneously, reducing time spent on certificate review.
• Autogenerated Sample COI: Creates sample COIs for reference, simplifying vendor communication.
• Automated COI Redlining: Highlights non-compliant areas for easy identification and quick resolution.
• Track Policy Sequence & Expiration: Monitors policy status and expiration dates to ensure timely renewals and compliance continuity.
• Automated Revised Certificate Interpretation: Interprets changes in updated certificates, streamlining compliance tracking.
• Scanned Documents Processing: Analyzes scanned COIs, increasing accessibility to compliance insights.
• Modifiable Requirements for Various Risk Tolerances: Customizes compliance requirements based on specific risk tolerance levels.

Built to handle the complexities of COI processing across multiple formats and custom requirements, SOFI optimizes compliance workflows, enhances accuracy, and empowers teams to focus on high-level tasks. From single COIs to batch processing, SOFI brings unparalleled speed and reliability to your compliance process.