- Only 23% of management firms reported actually tracking insurance prior to VIVE being hired.
Of the 23% how do they track?
- 62% utilize tracking with their internal accounting system. While functional, features are very limited and is fully dependent on manual input and internal management of data.
- 38% utilizing 3rd party Vendor Compliance Services outside of VIVE converting to VIVE for added functionality compared to competition.
So, while most management companies have stated requirements prior to VIVE, most do not track and those that do track insurance have limited tools to do so and several clients have transferred to VIVE to gain added functions from a professional 3rd party vendor compliance company.