NetVendor

The company was founded in 2016. The business model is centered on streamlining and automating all aspects of vendor compliance, from collecting insurance certificates to verifying W-9s and conducting background checks. While the service is provided at no cost to the property management companies, a fee is charged to the vendors upon application. This approach reduces liability risk and operational overhead for property managers by shifting the burden of paperwork management to NetVendor's platform.

NetVendor's core service, NetVendor Compliance, automates the entire vendor credentialing process. This includes insurance document tracking (COIs), W-9 verification with the IRS, and management of various legal agreements. The platform is managed by a team that includes licensed property and casualty insurance agents who communicate directly with vendors and their insurance agents to ensure all requirements are met. In July 2022, the company expanded its service offerings by acquiring ServusConnect, which is now NetVendor Maintenance. This addition integrated a digital property maintenance solution into their platform, allowing clients to manage work orders, conduct digital inspections, communicate with residents, and dispatch technicians via a mobile application. The platform integrates with major property management systems like Yardi, Entrata, AppFolio, and RealPage, providing a seamless real-time data sync.