In today’s digital economy, consumers expect a certain type of experience when paying for products or services online. From shopping online for that favorite pair of shoes to paying their insurance premium via a text message, the ability to get tasks done quickly and easily is the key to keeping them happy.
Give your clients a superior payment experience with Applied Pay™, the insurance industry’s most versatile digital payments platform. Applied Pay provides a safe, convenient way for insureds to pay their premiums online from any device and integrates seamlessly with Applied Epic™, Applied CSR24™ and EZLynx™. Collecting premiums should never be the most challenging part of what you do. Supercharge your collection process today with Applied Pay, and reduce the effort, errors and liability associated with agency bill pay.
Key Benefits
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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.
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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.
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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.
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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.
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Enhance branding and upsell opportunities
Offer branded checkout pages hosted online, where your insured users can experience the type of modern checkout experience internet-savvy clients have come to expect. Create marketing opportunities to upsell related items and interact with clients at an emotional moment, enforcing your role as a trusted advisor.
Capabilities
AMS-Native Integration
Seamlessly embedded into Applied Epic®, Applied CSR24®, and EZLynx®, Applied Pay automatically posts transactions back to invoices and reconciles payments in real time, eliminating double entry and reducing manual back-office work.
Flexible Digital and Check Payment Options
Applied Pay accepts credit/debit cards, ACH, digital wallets, and premium finance. It also offers convenience features like AutoPay, Pay by Text, the ability to store cards, multi-invoice payments, and integrated lockbox services.
Branded Hosted Checkout Pages
Agency-branded online checkout pages give insureds a simple, modern, and compliant way to pay. They also support storing cards on file and securing payment authorizations.
Embedded Premium Finance
Deliver an effortless financing experience that benefits your agency and clients, whether it's a renewal premium or a new business quote. Our embedded solution simplifies your insureds’ payment decision process and helps your sales team close business faster.
Integrated Lockbox
Unlike traditional lockboxes, our solution deposits checks into your account, updates payment details within Applied Pay and automatically creates and reconciles transactions in Applied Epic. It streamlines paper check processing, eliminating manual tasks and freeing up time to grow your agency.
Real-Time Visibility and Dashboards
Easy-to-use dashboards provide instant insight into payment activity, funding status, and transaction history, helping you safeguard against lapses and defaults.
Compliance and Security
Sensitive data is encrypted and tokenized, ensuring PCI and NACHA compliance, reducing agency liability, and providing a secure checkout experience.
Ready to Learn More?
When you’re ready to learn more about leveraging advanced insurance software and solutions to build a better insurance business, we’re here to help.