Who We Work With
Applied Pay™ is the insurance industry’s most versatile digital payments platform, offering clients a safe and convenient way to pay premiums online from any device. Learn more about our key benefits.
Increase efficiency and repurpose accounting tasks
Ready to repurpose your accounting team for more valuable efforts? With Applied Pay’s automated workflows, time spent notifying customers of payment due dates and reconciling transactions back to core agency management systems are a thing of the past. Now you can have your staff spend that time doing tasks that bring greater ROI to your agency.
Cut costs and realize profit quicker
Shorten collection time, reduce check processing tasks, and speed up deposits. Automated accounts receivable reconciliation reduces workload inefficiencies and eliminates the need for specialized personnel to manage payments.
Standardize all payments data into one place
Gain greater insight into all your organization’s agency bill data by viewing all digital payment transactions in one place. Through Applied Pay’s Agency Portal, you can view transactions in real-time. Offer refunds, send receipts, and issue notifications, from one easy-to-navigate dashboard.
Reduce E&O and increase security and compliance
Improve back-office efficiencies by reducing human error and omissions that often occur with manual input. Safeguard data integrity and avoid fraud/liability with Applied Pay’s state of the art security measures. Operate stress-free knowing your data processing complies with both PCI and NACHA regulations.
Why Applied?
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7 of 10
top agencies on the Business Insurance Top 100 List use Applied Epic
Source: Business Insurance
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60%
of Reagan Consulting Best Practices agencies rely on Applied
Source: Reagan Consulting
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68%
of Insurance Journal Top 100 agencies rely on Applied
Source: Insurance Journal
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91%
of Applied Epic reviewers on G2 rate it 4 stars or higher
Source: G2 Reviews
Empower your customers with flexible payment options at checkout. Within the same view, they can choose to pay in full or opt for financing. Our solution simplifies the process, enabling customers to sign the financing agreement, make a down payment, and set up recurring installments – all in one streamlined experience.
Financed payments make up 10-15% of agency bill policies. By automating more of the financing process for the insured and the agency, this ratio can reach upwards of 30%, leading to increased convenience for your policyholders and amplified earnings for your agency. Data also shows that offering premium finance at checkout can reduce the typical premium collection time from 20 days to less than five, allowing you to speed up collection efforts.
Our embedded solution automates back-office tasks, reducing both accounting work and operational costs. When a financing agreement is signed, the financing activity is automatically created in Applied Epic, seamlessly transferring the financed amount from the insured’s account to the premium finance provider. Reconciliation of down payments and financed amounts across multiple policies are handled efficiently, further minimizing administrative burden.
An Award-Winning Partner To Help You Win In the Next Generation of Insurance Tech
