Obtaining power of attorney is a necessary step in the bond execution process and the current process of registering, maintaining and verifying powers of attorney is expensive, time consuming and an inefficient process.

Imagine the high volume of requests, approvals, and ongoing maintenance of adding, removing, and updating powers of attorney, and the verification and tracking that follows while lacking a streamlined and automated process.

The Surety Bond Power of Attorney solution applies distributed ledger technology to advance the surety process away from ink and paper to an automated, streamlined, and digitized multi-party surety workflow process between the principal, obligee and surety.

The application manages the flow of data, removing the manual touch-points and provides a single source of the truth, eliminating redundant rework and reconciliation efforts. The API enabled solution offers real-time connectivity providing the flexibility to take up last minute opportunities. And the secure, transparent, traceability features of the technology offers the trust and legitimacy, providing the assurance the Power of Attorney is viable.