Eliminate Manual Data Entry! Using Machine-Readable WIP Data for Better Reporting & Analysis

Recorded On: 10/09/2019

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Data standards are used to help transmit unambiguous, transparent, timely financial information around the world, and most importantly, to eliminate manual data entry. Standards help convert data, buried in PDF files or spreadsheets, into machine-readable facts that can be automatically extracted into the financial management system of a data user (which could be the surety, a bank, or even a bond agent).

Attend this 90 minute session to learn how data standards have already been created to represent the Work-in-Process Report and contractor financial statements. Learn about the various options available in the market today for preparing the WIP report in machine-readable format, and how machine-readable data will eliminate the laborious, time-consuming manual data entry that bond agents and sureties must go through today.

Kristen Sharpe

CPA – Senior Manager

Kristen is a Senior Manager in Crowe Consulting with professional service experience in the construction and financial services industries.  She has worked with contractors, underwriting companies, bond producers and regulatory organizations in the surety industry in the areas of portfolio credit risk management, process improvement, compliance, and performance and profitability improvement. She has also managed the development and delivery of technology solutions in the construction industry for audit, tax and underwriting services.

While Kristen has focused on consulting services in recent years, she is a CPA and her career began as an auditor at Crowe specializing in the construction industry.  She delivered audits to a variety of companies within the industry including design/build, general contractors, heavy/highway contractors, and various specialty contractors involved in electrical, interior, roofing, mechanical and water distribution projects.

Michelle Savage

Vice President, Communications

Michelle Savage manages the education,marketing, communications and outreach efforts of XBRL US.  Ms. Savage joins XBRL from PR Newswire where she focused on developing services to help companies communicate their key messages and information to shareholders and potential investors. During her tenure at PR Newswire, Ms. Savage oversaw the introduction and sales of new services to corporate and agency investor relations executives. Within the XBRL US committee of the AICPA, Ms. Savage served as the vice chair of the Steering Committee as well as the Chair of the Adoption Working Group. Ms. Savage has been intimately involved in developing strategies for XBRL adoption in the US. Previously, she held positions as an equity analyst at Shearson Lehman Hutton and a marketing executive at Pepsi Cola. Ms Savage also served on the Board of the New York chapter of the National Investor Relations Institute where she was head of Programs, Sponsorship and Treasurer.

Robert Coon

Vice-President – Surety

Robert M. Coon is the Vice-President – Surety for Scott Insurance.  Robert focuses exclusively on the surety industry where he has over 36 years experience as both an underwriter and agent.  Based in Greensboro, N. C. with clients throughout North Carolina & Virginia, Robert works with contractors ranging in size from startups to large multi-national contractors to maximize their surety program both in the USA and internationally. 

 A native of New Orleans, Robert earned his undergraduate degree in accounting from Louisiana State University.  Robert Chairs the Carolinas AGC Supplier/Service Co. Advisory Council.  He as served as president of the Piedmont Chapter of the CFMA and Carolinas Surety Association, as well as Chair of the NASBP Automation & Technology Committee

 Founded in 1864, Scott Insurance is a regional insurance agency serving clients through nine offices in NC, SC, TN and VA.   The company is one of the 100 largest independent insurance agencies in the country with access to over 50 insurance carriers.  Scott Insurance is a Best Practices Agency that focuses on the Risk Performance of its clients to help minimize their losses and insurance costs.  The employee-owners of Scott include experts in property & casualty insurance, surety, employee benefits, loss prevention, claims control and financial planning.  

Peter Gibbs

Director for the Office of Surety Guarantees (OSG) at the US Small Business Administration (SBA)

Peter C. Gibbs is the Director for the Office of Surety Guarantees (OSG) at the US Small Business Administration (SBA) Headquarters in Washington, DC where he manages a staff of over 25 professionals at the organization’s headquarters and regional offices in Denver, CO and Seattle, WA.

 Mr. Gibbs joined OSG in 2005 and is responsible for developing and recommending policies and procedures, guidelines and criteria for evaluating and mitigating all programs and operation efforts; including those governing the regional office.  In addition to operations and personnel management, Peter works closely with Surety Companies who provide over $9 billion annually in surety bond credit to small businesses throughout the United States.

Peter received his Bachelor of Science in accounting from Central State University and a Masters of Entrepreneurship from Western Carolina University.  Born in Trinidad and Tobago, West Indies and raised in Brooklyn, New York, he now resides in Bowie, Maryland with his wife Nikeya, 5 daughters Nicole, Caitlyn and Courtney (twins) and Laila and Liana (twins).

David Hartman

Director, Analytics

David Hartman is a Director at IFIC Surety focused in analytics.  David is a member of the claims team but also works cross-functionally with underwriting and accounting on a project-by-project basis.  David is a licensed CPA with a background in insurance, information systems and venture capital.

Brad Rasmussen

Chief Information Officer

Brad joined Merchants Bonding Company™ in 2014. Prior to joining Merchants, Brad held the role of Senior Director of Sales & Marketing Technology Delivery at Blue Cross/Blue Shield of Iowa. Prior to that, Brad was the CIO at GeoLearning, Inc. Brad has held numerous technology and business leadership positions in start-ups to large organizations. He is also an active member in the Technology Association of Iowa. He is a graduate of the University of Iowa.

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Virtual Seminar Recording
10/09/2019 at 2:00 PM (EDT)   |  90 minutes
10/09/2019 at 2:00 PM (EDT)   |  90 minutes
2 Questions
Certificate of Attendance
No credits available  |  Certificate available
No credits available  |  Certificate available