Overview
Premium Funding System (PFS) enables insurance brokers and insurers to manage their fee income cash flow and offer clients the ability to improve business cashflow by taking a prepaid business expense and spreading it over 6 – 12 monthly instalments.
No need to outsource your clients Premium Funding needs as software enables you to manage "in house" substantially improving your business income and bottom line profitability.
To find out more about these features go straight to the Download Demonstration link on this page.
PFS includes a range of features to ensure cost efficient collection and payment of your clients annual insurance premiums on a monthly basis.
Loan Management
PFS is designed to provide the user with complete flexibility throughout the insurance premium cycle.
The Loan Enquiry facility provides a comprehensive view of all transactions against the loan, loan status, payments due, contract details and repayments schedule. Statements are also easily and professionally produced for each client.
Payment Options
PFS provides electronic interface with all major banks, building societies and credit unions. The system transmits generated files to the bank for collections and payments as well as receives bank statement files for dishonours and bank reconciliations.
User Designed Forms and Letters automatically generated
Users can design their own forms and letters, which are then automatically triggered. For example, Contracts, Terms and Conditions and Acceptance letters can be generated at quote approval stage. Overdue Letters may be generated according to the number of days payments remain outstanding. Finalisation letters are also generated once the contract is complete.
Comprehensive Reporting and Back Office General Ledger
Each module and item has a selection of reports that can be printed for accounting purposes.