Introducing: Finance Join | Insurance coverage Enterprise America

The next article was offered by ePayPolicy.

ePayPolicy broadcasts Finance Join, integrating premium financing with on-line checkout for insurance coverage firms

Immediately, ePayPolicy introduced the addition of Finance Hook up with their suite of insurance coverage funds and reconciliation merchandise for insurance coverage firms. Finance Join allows insurance coverage firms to supply premium financing choices – with their current premium finance companions – on the level of on-line cost for his or her insured prospects.

“Premium financing is important in our {industry} as a result of it provides prospects better cost flexibility with financing choices,” stated CEO Mark Engels. “We’re combining the benefit of built-in on-line funds with financing at checkout to assist enhance conversion charges for our prospects and eradicate the guide points of enrollment in a financing settlement with their companions.”

ePayPolicy has over 6,500 prospects within the insurance coverage {industry}, together with Premium Finance Firms (PFCs). Current prospects may have early entry, with integrations to their current PFC companions to make sure a seamless expertise for all events concerned.

“As premiums enhance, entry to financing turns into extra essential,” stated CTO Nish Modi. “Finance Join goes to assist insureds pay sooner and bind insurance policies sooner, serving to each insurance coverage firms and their PFC companions.”

“The financing supply and phrases are introduced proper on the web page,” added Modi. “We’ll then leverage our current integrations to streamline funds with AutoPay and cost reminders.”

Finance Join is the newest built-in product for an {industry} in want of better digital effectivity and automatic back-office operations. ePayPolicy’s founders skilled firsthand the operational pains of test assortment and guide reconciliation in insurance coverage, which led to the corporate’s first product – safe, on-line cost pages that have been absolutely customizable to match the insurance coverage firm’s model.

ePayPolicy lately launched CheckMate, an automatic test acceptance and reconciliation resolution that makes use of machine studying, and introduced the Payables Join instruments for automating the reconciliation, creation, and cost of market payables.

Finance Join is the subsequent of a number of product releases, with the purpose of continuous to streamline the accounts payable, receivables and disbursement expertise for patrons within the insurance coverage {industry}.

“We wish to be the place our prospects go to reconcile their payables and receivables and to tie all of it along with their current accounting options,” stated Modi. “We’re constructing an industry-wide community that permits cash and the related information to circulation freely by way of the {industry} whereas saving time and offering safety for our prospects.”

• Permits insurance coverage firms to work with their current PFC companions
• Premium financing choices introduced at checkout alongside choice to pay in full through ACH or bank card
• Auto-payment enrollment and cost reminders for enrolled prospects
• Simplified financing enrollment and upfront phrases for insureds
• Simply generates consolidated premium finance agreements (PFAs)
• ePayPolicy is built-in with over 90% of the most well-liked company administration programs, saving time and guide information entry
  
   

About ePayPolicy

ePayPolicy presents simpler cost instruments, constructed only for insurance coverage. ePayPolicy’s merchandise carry insurance coverage funds in control for companies, carriers, MGAs and PFCs, with safe on-line cost pages, automated test processing, payables reconciliation and extra. 6,500+ insurance coverage firms belief ePayPolicy and their skilled, dwell assist staff to deal with their funds day by day. Study extra: ePayPolicy.com