ERM Process Enables Construction Companies to Expand Bonding Programs and Grow Revenue

Foster City, CA—July 23, 2014—Direct Surety, a standalone surety underwriting company connecting contractors directly with its surety underwriters to establish credit limits and pricing, today announced DirectServ Plus™, a state-of-the-art Enterprise Risk Management (ERM) solution founded on DirectServ™ — a proprietary risk analysis system designed to identify internal business controls in need of improvement and recommend corrective action. DirectServ Plus takes the DirectServ risk analysis system one step further by placing small and mid-size construction companies on an ERM improvement cycle alongside Direct Surety underwriters.

“An unusual dynamic exists with respect to ERM. It’s an advanced business process most applicable to small and mid-tier growing contractors, though large contractors were the first adopters,” said David Druml, founder and president of Direct Surety. “By partnering with our clients and guiding them in the use of a business process such as ERM, we hope to positively impact the success of contractors nationwide. Young and emerging contractors need the guidance and surety credit to support their growth. With our direct approach and state-of-the-art technology, we provide both at no extra cost.”
DirectServ Plus brings the full power of ERM directly to contractors seeking to improve their profit-making ability and grow their business. The platform is designed to identify internal business controls in need of improvement through data generated from the DirectServ system, prioritize implementation of the controls and monitor business improvement over time – significantly reducing a company’s risk of failure by maximizing its profit-making ability. Contractors no longer need to work through a middleman but instead work directly with Direct Surety’s underwriters who have the authority to establish credit and pricing while:

• Identifying specific risk controls that apply to their company
• Assessing risk associated with the status of existing controls
• Determining the priority for installing or improving controls
• Developing a plan of action to install or improve specific controls over time
• Installing the controls to reduce or transfer associated risk
• Monitoring the function of newly installed controls
• Tracking the improvement of their company over time

“We’re focused on supporting the healthy growth and expansion of the contractors we partner with and DirectServ Plus provides our clients with the tools needed to improve their operations over time,” concluded Druml.

Additional resources:

• To learn more about DirectServ Plus, go here.
• To watch the Direct Surety Go Direct video, go here.
• To hear what our customers have to say, watch our video testimonial.
• To read our blogs, go here.
• To speak directly to a Direct Surety senior underwriter, call 877.989.9150 or email [email protected].

About Direct Surety

Direct Surety is positioned to be the leading U.S. provider of contract surety bonds enabling contractors to go direct to a surety underwriter rather than through a broker network. Direct Surety believes in empowering contractors to grow and prosper by connecting decision makers, promoting transparency, and offering tools to improve their operations and surety credit limits. The company’s primary focus is providing contract surety bonds directly to contractors, eliminating the need for a middleman and promoting a strong relationship directly with a surety underwriter. Direct Surety is led by an outstanding team comprised of experts from the construction industry, technology space and field of surety.

Media Contact:
Justin Baker, Digital Marketing Manager
Direct Surety
jbaker@directsurety.com
866.243.2663

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