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Description
Applied Pay serves as an all-encompassing digital payments platform tailored for the insurance sector. It integrates effortlessly with systems like Applied Epic, Applied CSR24, and EZLynx, allowing for the automation of payment collection, processing, and reconciliation tasks. This integration empowers agencies to provide clients with a secure and user-friendly method for making premium payments online, accessible from any device. Supporting a range of payment options, including ACH transfers, credit and debit cards, and eWallet solutions, Applied Pay offers insureds ample flexibility in how they settle their dues. The platform enhances the payment experience with features like next-day funding, the ability to pay multiple invoices at once, and options for setting up recurring payments. Additionally, it provides real-time insights into all payment transactions via an intuitive dashboard, which aids in the effective management of accounts receivable. By streamlining workflows through automation, Applied Pay minimizes the risk of manual errors, maintains compliance with PCI and NACHA standards, and mitigates the liability faced by agencies. Furthermore, its comprehensive capabilities allow agencies to focus more on their core business activities while ensuring a smooth payment process for clients.
Description
Our adaptable product framework allows you to create captivating products and experiences that resonate with your customers' needs. You can develop any kind of insurance offering tailored for specific regions and choose your preferred distribution methods. Whether you want to establish traditional lines of business or innovate for the future, you can do so with ease and minimal effort. At Socotra, we consider our platform to be dynamic software that evolves over time. As the pioneering true-cloud solution for insurance, we provide continuous, automatic, and complimentary upgrades. This ensures that Socotra consistently expands, incorporating new features and enhancements. Consequently, you receive fully functional, current software without disruptions or additional costs. From day one, Socotra is designed to be a ready-to-use product, eliminating the need to invest your valuable resources into a custom solution for your project. This enables you to begin configuring your insurance products immediately and experience tangible benefits right from the start. Ultimately, our goal is to empower you to focus on your core business while we manage the complexities of software evolution.
API Access
Has API
API Access
Has API
Integrations
Coherent
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Applied Pay
Founded
1983
Country
United States
Website
www1.appliedsystems.com/en-us/solutions/for-agents/digital-payments/applied-pay/
Vendor Details
Company Name
Socotra
Founded
2014
Country
United Statess
Website
www.socotra.com
Product Features
Product Features
Commercial Insurance
Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Policy Management
Quote Management
Reinsurance Administration
Risk Assessment
Underwriting Management