Say goodbye to inefficient claim payment approvals, multi-party checks, and lengthy check processing. Your policyholders expect a more modern and efficient claim payment experience. With ClaimsPay® digital approvals and payments, you will delight customers, close claims faster, and save money. Whether you have an individual claimant or a multi-party claim, ClaimsPay® makes the complex… simple.
Eliminate the inconvenience of multi-party checks that need to be co-signed and endorsed by all parties. Claimants can approve claim payment details instantly through email or text within seconds of receiving the information. Even in multi-party claim scenarios, all payment approvals are collected with just a few clicks.
Move claims from “pending” to “closed” in record time. Once all claim parties approve the claim payment details and a digital payment is issued, the claim can be closed immediately. Customers receive quick access to needed funds, insurers save time on check processing, printing, and mailing, and everyone gets on with their lives.
Reducing dependence on checks can cut operational expenses by as much as 80%. With built-in risk and fraud prevention controls, digital payments are a more cost-effective and secure solution for insurers.