It’s undeniable. If you’re not adapting to the ever-evolving landscape of technology, you’re lagging. We live in a world where we can 3D print organs, control the temperature of our homes from the office, and even get in line for the DMV online!
So, why would anyone opt to use outdated processes when everything they need is right at their fingertips? Enter ePayPolicy - the tech company that created an insurance payment processor to trump all others.
ePayPolicy allows agents and brokers to accept payments via credit card and ACH, while also passing on the transaction fees to the insured. The payment solution effectively eliminates the need for paper checks, and instead focuses on utilizing technology to improve each customer’s bottom line.
“We only had one goal,” said co-founder Milan Malkani. “Todd [Sorrel] and I wanted to make accepting and tracking payments more efficient for insurance professionals,” he said. “It was that simple.” Sorrel, ePayPolicy’s other co-founder, views the payment processor as a game-changer for the industry.
“Our clients don’t have to default to paper checks anymore, which are continuing to decline,” he said. “With us, customers can accept credit cards, speed up receivables, and bind policies faster than ever,” said Sorrel. “And they can do it all while improving the payer’s user experience.”
Several state associations, including IIAT, MAIA, IIABCal, and more, endorse ePayPolicy as their payment processor of choice, with several of them citing the company’s numerous integrations as a deciding factor.
“One of the biggest things that stood out to us was their integration with AIM,” said Teresa Hamm, Accounting Specialist at Towerstone, Inc. “We looked into several credit card processors, but we just kept coming back to [ePayPolicy].”
Vertafore’s AIM is just one of several management systems that integrates with ePayPolicy, with Sagitta, FinancePro (both Vertafore systems), MGA Systems, and i-Engineering’s ALIS also on the growing list.
“The reality is that tech is here to stay,” said Malkani. “Our customers realize that, and they want a solution for a more seamless payment experience,” he said. “ePayPolicy is that solution.”