The insurance industry is no stranger to a slew of challenges, especially with regard to finance management. Setbacks like insurance fraud, data and cyber security threats, and keeping up with new technology prevent growth and success.
Equipping your company with innovative tools and services is the first step to overcoming these hurdles. Netcash's solutions are tailored to the insurance industry, providing integrations, strict security, and seamless automation. Now, you can safeguard client and financial data, manage day-to-day operations better, and boost cash flow.
So, find out exactly how our all-in-one payment solutions for insurance companies can benefit you in the long run.
Simplify premium collections with Netcash
If you work for or own an insurance company, you’ll understand just how important efficient premium collection and seamless payment processes are. And so do we. This is why we offer tailor-made solutions in order to streamline premium collections and payments — the livelihood of the insurance industry.
Our market-leading debit order collection service simplifies recurring payments and enhances cash flow. We also provide software integrations, multiple payment methods, billing, salary payments, and other solutions to manage your finances.
Reliable debit order collections for insurance premiums
We can’t stress enough how essential reliable debit order collections are for insurance premiums. And here’s how we achieve just that:
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Secure Premium Collections
Say hello to a consistent and secure collection of insurance premiums with our debit order solutions. Designed for the insurance industry, our solution reduces the need to manually handle cash, which comes with its own set of challenges like theft and fraud. Beyond that, funds are automatically deducted from your client’s bank accounts, which guarantees recurring payments and ensures you are paid on time. Premium collections will be scheduled and made on the same day every month, decreasing the likelihood of outstanding payments.
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Automate Collections
Our solution takes the admin out of your collections, reducing manual work and improving efficiency with automated debit orders. This saves you time and money as you no longer have to pay someone to send payment requests and collect premiums every month. As a result, the risks of handling cash are greatly reduced.
We offer integrated insurance policy management
Alongside handling payments and collecting premiums, we offer software-based solutions to streamline industry-specific processes. We have partnered with several advanced insurance software solutions, like Billdozer and Xero, to simplify policy management, from premium tracking to payment processing, all within one platform.
The best part is how easily these compatible software solutions can integrate with your existing system.
Secure payment solutions for the insurance industry
Netcash features strict standards and security measures to ensure all sensitive financial data is protected.
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Comprehensive Security
Security remains an utmost priority for us and our clients. We are PCI DSS Level 1 compliant, meaning that financial transactions and data are protected. Additionally, we have other advanced security measures in place, from being ISO27001 certified to card transactions that are 3D Secure enabled.
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Seamless Integration
Thanks to our diverse integration partners, your in-house system can effortlessly integrate with leading insurance management software to automate payment processes. These range from accounting to billing and payroll software such as Billdozer, and Splynx.
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Ready to improve your premium collection process?
Courtesy of our cutting-edge debit order solutions, collecting premiums becomes less of a hassle. Unpaid debit orders are a thing of the past. We automate a Payment Request link to your clients and offer alternative means of payment via the Netcash Payment Gateway if they’ve missed a payment.
Then, your insurance business gets paid sooner since up to 90% of your collection value is paid on the day the debits are processed. You no longer have to stress about outstanding premium collections, security threats, or mismanagement of payment processes. If you want to improve your current financial operations, don’t hesitate to sign up with us today.
