CHICAGO (Oct. 25, 2016) – Sureties and insurance agents with a construction bonding or contractor specialty face unique risk management challenges. To mitigate these risks, it’s critical that those charged with analyzing and monitoring customer data have complete and timely information for all the contractors in their portfolios. However, gathering and analyzing the necessary data can be extremely resource-intensive, especially when complex financial analysis is required. In response to these challenges, Crowe Horwath LLP, one of the largest public accounting, consulting and technology firms in the U.S., has developed the Crowe Portfolio Analyzer for Sureties and Agents solution.
The solution delivers comprehensive reporting about each contractor’s financial situation, while reducing manual data entry. Its analysis, reporting and benchmarking capabilities can enhance visibility across an entire portfolio of contractors.
“Crowe has decades of experience providing accounting and consulting services to construction companies, so we understand the complexities that impact the industry. We used that expertise to tailor the Crowe Portfolio Analyzer, our sophisticated portfolio credit risk platform, to better serve the sureties and agents that underwrite those construction firms,” said Larry Mackowiak, managing partner of Crowe construction and real estate services. “Our solution guides sureties to at-risk jobs by highlighting downward trending ratios, and it creates reports that can be shared directly with the contractors. This can help strengthen the surety-agent-contractor relationship and ultimately mitigate the construction risks that these groups share on a daily basis.”
The Crowe Portfolio Analyzer for Sureties and Agents solution provides effective risk monitoring and management through:
For more information on the Crowe Portfolio Analyzer for Sureties and Agents solution, please visit www.crowehorwath.com/portfolioanalyzer-nr/.
About Crowe HorwathCrowe Horwath LLP (www.crowehorwath.com) is one of the largest public accounting, consulting, and technology firms in the United States. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk, and performance services. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 120 countries around the world.