TrustLayer Review: Compliance Management Software
TrustLayer helps risk managers and finance teams automate the verification of certificates of insurance and compliance documents. It is designed for organizations managing third-party vendors across different projects.
At a glance
- Category
- Operations
- Best for
- Risk managers, Finance teams, Compliance coordinators, Mid-market companies, Enterprise companies
- Pricing
- TrustLayer offers a free Starter tier for up to 50 vendors. Paid options include a Pro tier for 0-1500+ vendors and a Complete tier with unlimited users.
- Key use cases
- Vendor Insurance Verification, Compliance Document Tracking, Payment Compliance Clearing, Audit Preparation
- Integrations
- ProCore, CMIC, Vista Viewpoint
- Official website
- trustlayer.io
TrustLayer is a compliance management tool that supports the collection and verification of Certificates of Insurance (COIs), W9s, and business licenses. It uses AI to read and classify these documents, which may help reduce the manual effort involved in checking vendor compliance against specific requirements.
The software is designed for risk managers, finance teams, and administrators who need to verify that subcontractors or vendors are properly insured before work begins or payments are issued. It supports the creation of compliance profiles and provides a shared space for collaboration between the business and its vendors.
Buyers should confirm their current vendor volume and integration needs, as different tiers offer varying capacities for vendor tracking and different levels of reporting and support.
Key Features
Uses AI to read and categorize compliance documents like COIs and W9s to verify they meet set standards.
Monitors document expiration dates and supports sending reminders to vendors for updated paperwork.
Allows users to set specific insurance and licensing requirements that vendors must meet.
Supports requesting documentation from multiple vendors simultaneously.
Provides data on compliance trends and the current status of vendor documentation.
Provides an API to connect the platform with compatible external systems.
Use Cases
Automating the collection and checking of Certificates of Insurance for subcontractors.
Managing the lifecycle of W9s, professional licenses, and contracts across multiple projects.
Supporting finance teams in verifying a vendor is compliant before releasing payments.
Using dashboards and evidence packs to support compliance audits.
Best For
Integrations
Pricing
TrustLayer offers a free Starter tier for up to 50 vendors. Paid options include a Pro tier for 0-1500+ vendors and a Complete tier with unlimited users.
FAQ
TrustLayer can track Certificates of Insurance (COIs), W9s, business and professional licenses, drivers' licenses, and contracts, as well as custom documents.
Yes, there is a Starter plan that is free for up to 50 vendors.
Yes, the platform provides an API for compatible systems and supports integrations with ProCore, CMIC, and Vista Viewpoint on specific plans.
Source category: Operations
Source subcategory: Compliance Management
Software Type:
How AI is used
TrustLayer is a compliance management platform that uses AI-driven classification to automate the verification of insurance and compliance documents, such as COIs and W9s. Advanced reporting and integrations are available on paid tiers.
Pros & Cons
- Automates the process of reading and verifying COIs
- Includes a free tier for businesses with up to 50 vendors
- Vendors can provide documents without needing to create an account
- Supports a variety of compliance documents beyond insurance
- Advanced BI reporting and certain integrations are restricted to Pro and Complete plans
- The free plan is limited to 50 vendors
