ClearPay

Receive your premiums receivable and reconciliation data electronically directly from your agencies the same way, every day.

ClearPay is embedded into major agency management systems with which, agencies can issue premium payments with automated reporting to all carriers.  This is done without leaving the agency management system.  No manual work arounds, no change in workflow, no login to portals or bank sites required.  The appeal to agencies is to eliminate checks and reduce the work required to send payment with remittances for agency bill or direct bill related items from the agency’s bank account.

Once agencies are using ClearPay, the rest is simple for carriers.

With our Guidewire accelerator, carriers can benefit from straight through processing to BillingCenter. Reduced posting errors.  Better cashflow forecasting.  Reduced handling time.

Features

Transactional cloud based solution with consistent data reconciliation reporting.

1. Custom Designed for Insurance Industry
2. Customize and Manage Users
3. Real Time Notifications
4. Posting to BillingCenter
5. Bank level Security

Benefits

Saving Carriers time, money and improving security.  ClearPay eliminates check fraud, enhances operational efficiency and improves receivables collection time.

1. Save Time
2. Simple Implementation
3. Improve Agency Relations
4. Added Security
5. Improve Treasury Operations

ClearPay 4 Step Process:

1. Carrier receives Approval Notification
2. Information is posted to BillingCenter
3. ClearPay Generates Electronic Funds Transfer on Required Date
4. Funds are Deposited into Carrier Account

ClearPay automates the payable and reconciliation process between Insurance agencies and carriers.  Through its integration with all major agency management systems, agencies benefit through the automation of their accounts payable process, by ClearPay automatically gathering payment approvals, notifying carriers of payments, auto posting in BillingCenter and automatic electronic funds movement on the post-date.

No more incoming checks, disparate reporting or unknown deposit origins. ClearPay operates in the United States and Canada.

Are you looking for a way to reduce the costs associated with processing and reconciliation payments from agencies? ClearPay can dramatically reduce manual handling!