Take Surety Management
to the Next Level

“a new perspective of BONDING”

BondXtend is a Surety Bond Management System that provides a full suite of functionality necessary to issue a bond from bidding projects to bond issuance, to tracking work, to closing out projects. While the life of a project is the core functionality of the daily workings of BondXtend, the system also captures key data related to underwriting accounts and allows for exposure management on each and every risk underwritten.

Additionally, BondXtend’s flexible design allows for a multitude of user from Agency personnel, MGA’s and Carriers. BondXtend is designed to promote Contractors to submit their bid request through a queue, and Agents can obtain their bonds and operate independently. It gives the user the ability to tailor their preferences to their own business needs, while providing an effective, and efficient, experience in the world of Surety Bonding.

From a Carrier’s
point of view…

Automated submittals from Agency’s for client review that feeds into a Document Retention which allows a seamless flow of information
Financial Analysis tools allow for a level of consistent processes
Automated workflows
Automated diary reminders help maintain a current view of Principals
Liability Monitoring maintains a current picture of exposure at the Principal level
Billing
Forms Library
Sophisticated Reporting

From an Agency's
point of view…

The ability to service multiple clients bidding on the same project, provides an efficiency gain to issuing Bid Bonds
Automated workflows between underwriters and service professionals allow high quality service and quick turn around times to clients
Renewal Workflow
Forms Library
Rates Categorized by State
Billing directly through BondXtend or Ability to interface with other Insurance Software

From a Principal’s
point of view…

Submission of Work-on-Hand schedules allow for constant communication with Underwriters
For select Principals, the ability to generate a bond locally provides for nimble workhours
Direct connectivity to License & Permit module provides for 24/7 availability

Carriers

Underwriting of Risk
Maintenance/Monitoring Underwriting
Servicing Agents/Principals
Document Retention

Agencies

Bid Management
Bond Issuance
Premium/Rate Calculator
Servicing Agents/Principals
Document Retention

Principals

Manage Liability
Generate Bonds
Document Retention

The core design of BondXtend is the ease of doing business balanced with risk mitigation. While the system works for any stakeholder independently, the power of an integrated approach at first underwriting a risk, to issuing bonds, to monitoring exposure, differentiates it from anything else on the market

How it Works...

Most surety management systems are centered around the Carrier and not the Principal. BondXtend went even further to focus on the Obligee… and starts with a Project. By creating a project specific system, the project is only entered once, then Principals are added to the project. Therefore, bid results are entered only once. When it’s time for the Performance Bond, all the information is already there and doesn’t need to be entered again

Create a new Project by selecting the Obligee and entering Job Description

Bid results are entered one for the one project

Bid Bonds may be added to the project from multiple bidders

Performance bond is issued for the 'lowest bid' in the project

Project status is sent, progress monitored, and liability managed

The project can be closed, all files and results will be stored safely

If needed, a Maintenance Bond is issued within the same project

You choose...

Only pay for what you need

BondXtend is a modular system. This means you can choose only the modules that you need. The only required module is the Core Surety Module. This is the engine of the system and contains all required functionality to get started.

Core Surerty Module

The Core Module of BondXtend provides all basic functionalities such as bond processing, managing principals, obligees carriers and so on. Use standard reports or simply create your own. With a customizable dashboard, you have a clear view of all the inforamtion you need.

Finance Module

With the financial module you get the option to directly invoice, process (batch) payments, run AR reports and send statements directly from BondXtend.

File System Module

Keep your project organized and upload all necessary files to keep a good overview and to monitor the progress of the job. Or save (confidential) files within the principals records.

Email Module

With the email module, you get the ability to process batch emails like statements. With this module you can use your own SMTP, which allows you to send emails with your own company domain,

BONDXTEND.COM

is published by BondTech Surey Systems LLC

Westminster Corporate Center
30A Vreeland Road - Suite 120
Florham Park, NJ 07932
info@bondxtend.com

Take Surety Managementto the Next Level