MGA Systems’ IMS Features ePayPolicy Payment Processing

by Industry News & Company Updates

FOR IMMEDIATE RELEASE
Austin, TX– July 31, 2019 –  MGA Systems announced that their flagship software product, Insurance Management System (IMS), now integrates with ePayPolicy’s digital payment processing platform. ePayPolicy enables agencies to accept payment by credit or debit card or ACH and automatically reconciles electronic payments into IMS.

MGA Systems has been serving the insurance industry since 1998. Their branded agency management system, IMS, is designed specifically for MGA’s and E&S brokerage firms.  The system provides a scalable solution, allowing remote underwriting offices to be established “turn-key.” As a result, IMS is one of the most trusted agency management systems for automating/supporting essential tasks like custom rating, dynamic risk clearance, electronic filing, accounting/general ledger, invoicing and policy issuance.

ePayPolicy allows insurance agency clients to pay electronically by credit card, debit card or ACH. By eliminating or greatly reducing the number of paper checks, agencies receive payments instantly and spend less time chasing down receivables. Clients today expect the convenience, while agency staff enjoy the ease of use of our platform,” said Milan Malkani, co-founder.

“IMS is all about seamless integration of the functions today’s agents need to streamline and grow their business. The integration with ePayPolicy was seamless and we didn’t have to do  any heavy lifting. While online payment has been available in the consumer space for a long time, we find that even commercial clients now want to pay online. We know our agencies — and their clients — will be delighted with the ePayPolicy portal on IMS,” said CEO John Bennis.

The ePayPolicy platform makes it easy to accept and reconcile digital payments directly through IMS. Those using IMS will experience easy on-boarding, quick setup, and fast, one-to-two-day go-live, among a host of other features.

Malkani commented: “We understand that IMS’ accounting system includes automatic NOC’s for non-payment of premiums. Our goal at ePayPolicy is twofold. First, we want agencies using IMS to delight their policyholders with the convenience of online payment. Second, we want to make non-payments as obsolete as writing checks. Instant payment means your staff no longer have to chase down delinquent payments. They have more time to engage in high-value work.”

Concluded Bennis: “MGA Systems is committed to developing software that benefits insurance professionals. We chose ePayPolicy because, like us, they understand our industry’s software needs from the inside out. We look forward to this partnership. Together, we are making IMS client agencies even more productive.”

About MGA Systems
MGA Systems, Inc. is a software development company working exclusively within the insurance industry. The company’s management team has over 30 years of real-world brokerage and MGA experience which is used every day in the design of MGA’s flagship product, the Insurance Management System (IMS).

The MGA team consists of highly skilled, Microsoft-certified developers, working with the latest tools and technologies. It is this combination of top developers, working directly with experienced insurance industry professionals, which results in the state-of-the-art IMS product.

To learn more about the company and IMS visit https://www.mgasystems.com/

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based epayPolicy is the nation’s foremost provider of payment processing developed exclusively for retail agencies, brokers/MGAs and premium finance agencies.  The company’s  innovative electronic payment processing portal enables clients to accept credit card or ACH without messy merchant accounts or hidden fees.  ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide.

To find out more visit https://epaypolicy.com

The company’s annual InsurTech Award recognizes independent insurance agencies/brokerages for leveraging technology to enhance their sales, marketing, and customer service. For more information on the 2019 InsurTech Award, including online application, visit https://www.insurtechaward.com/

Media Contact:
Seth Nagle, Director of Marketing, ePayPolicy | 512-643-9015 | Seth@epay3.com

ePayPolicy: KAIA’s Preferred Payment Vendor

by Industry News & Company Updates

Kansas Association of Insurance Agents selects ePayPolicy as Preferred Payment Vendor

AUSTIN, Texas, August 6, 2019 –ePayPolicy has been named the electronic payment processor of choice by the Kansas Association of Insurance Agents (KAIA). ePayPolicy will enable KAIA members to accept credit card and ACH payments online, with transaction fees passed on to the payer. Endorsement by KAIA brings to 26 the number of state insurance associations recommending ePayPolicy to their members.

“We’re making online payments simple and seamless — for our clients, the independent agents/brokers of America, and for their customers,” said Todd Sorrel, ePayPolicy co-founder. “Our goal is to enhance the insurance-buying experience for consumers and to support tech-enabled growth for independent agents and brokers. We do that by offering a platform built on a solid understanding of consumer behavior and agent/broker needs, partnering with state associations – such as KAIA – to become the payment processor of choice, and integrating our platform with the leading agency management systems their members use.”

KAIA’s Executive Director, Dave Hulcher, said, “Our vision is to become the solution our members think of first. As our members lean into technology to run their businesses and to meet customer demands more efficiently, KAIA is right there with them. We recommend ePayPolicy as the payment solution our members should think of first.”

Concluded ePayPolicy’s Sorrell: “Thanks to this new alliance between KAIA and ePayPolicy, taking payments just got a lot easier for agents and brokers throughout Kansas. With ePayPolicy members can collect online payments without the hassle or expense of technical integration, hidden fees, or separate merchant accounts. We are proud to support KAIA’s forward-looking vision.”

About Kansas Association of Insurance Agents
Founded in 1920, KAIA represents more than 500 independent insurance agencies and branches in Kansas. Its members are small businesses that employ more than 2,500 licensed agents in communities throughout the state. As independent agents, KAIA members o er all lines of insurance, including property, casualty, life, health, employee benefit plans, and retirement products. On the national level, KAIA is an affiliate of the Independent Insurance Agents & Brokers of America, Inc. (IIABA). To learn more visit kaia.com

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Designed for independent agents, brokers, MGAs, and their clients, their innovative electronic payment processing portal enable clients to accept credit cards or ACH without messy merchant accounts or hidden fees. ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by major independent insurance associations nationwide. To fi nd out more visit https://epaypolicy.com/

Media Contact:
Seth Nagle, Director of Marketing, ePayPolicy | 512-643-9015 | Seth@epay3.com

ePayPolicy Integrates with Vertafore’s AMS360

by Industry News & Company Updates

AUSTIN, TX – July 23, 2019 –  ePayPolicy, a Vertafore Orange Partner, today announced it is adding payment processing capabilities to Vertafore’s AMS360 agency management system and extending its integrations into five Vertafore management systems.

ePayPolicy supports independent insurance agency efficiency and superior customer experiences by enabling agencies to accept payment via credit card or ACH instead of check.
“It makes paying for insurance like paying for most any other purchase in today’s digital environment — instant and easy,” explained Milan Malkani, ePayPolicy co-founder.

AMS360 is Vertafore’s foundational agency management system, designed to help independent agencies to streamline workflows , improve renewals and retention , and drive new business, resulting in improved employee productivity and a superior customer experience.

“ePayPolicy has proven to be an indispensable solution partner. Its team is as avidly customer-centric in its thinking and product delivery as we are at Vertafore,” said Doug Mohr, VP of Industry Relations & Partnerships, Vertafore. “The 6,000+ agency users of our best-in-class AMS360 system now have best-in-class payment processing capabilities. This partnership is truly customer service at its technology-driven best.”

ePayPolicy shows the exact balances due. Once payments are made, activities and suspenses are created automatically within AMS360. Users will also benefit from easy on-boarding, quick setup, clean accounting and a fast, one-to-two-day go-live timeline.

“Our valued relationship with Vertafore just got deeper and stronger,” added Malkani. “Integration with such a powerhouse system as AMS360 exponentially increases our exposure within the independent agency market.  More important, it offers thousands more independent agents and brokers the ability to modernize the way they accept insurance payments.”

About Vertafore
For over 50 years, Vertafore, the leader in modern insurance technology, has built and supported superior InsurTech solutions to connect every point of the distribution channel. Vertafore agency management, ratings, regulation, compliance, and connectivity products streamline workflows, improve efficiency and drive productivity for more North American insurance professionals than any other provider—including more than 20,000 agencies, over 1,000 carriers and 23 state governments. Through a continual focus on operational excellence, development of innovative solutions, and alignment with key industry partners, Vertafore is leading the way for customers of all sizes by delivering results that make a difference.

For more information about Vertafore visit https://www.vertafore.com

To learn specifically about AMS360 visit  https://www.vertafore.com/products/ams360

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs and premium finance agencies.  The company’s  innovative electronic payment processing portal enables clients to accept credit card or ACH without messy merchant accounts or hidden fees.  ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide. To find out more visit https://epaypolicy.com

The company’s annual InsurTech Agency Award recognizes independent insurance agencies/brokerages for leveraging technology to enhance their sales, marketing, and customer service. Details and call for entry are at https://www.insurtechaward.com/

Media Contact:
Seth Nagle, Director of Marketing, ePayPolicy | 512-643-9015 | Seth@epay3.com
Alexea Candreva, SSPR | 719-475-0370 | vertafore@sspr.com

Let's Connect at The 2019 WSIA Marketplace Event!

by Industry News & Company Updates

Simplify your accounting, easily send funds, and receive your payments faster all with ePayPolicy. Created by insurance experts for the insurance industry ePayPolicy provides the simplest solution for MGAs, premium finance companies, brokers and agents to collect and send ACH and credit card funds across the industry.

We reserved a table within The Club and will hold meetings Monday through Wednesday during the Annual Marketplace. Book a time now on our caladnar to schedule a time during the event! We look forward to seeing you there.
 
About ePayPolicy
ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs and premium finance agencies.  The company’s  innovative electronic payment processing portal enables clients to accept credit card or ACH without messy merchant accounts or hidden fees.  ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide. To find out more visit https://epaypolicy.com

About WSIA Marketplace
The 2019 WSIA Annual Marketplace event is in two months! The event will be held in San Diego, CA at the Manchester Grand Hyatt and the Marriott Marquis in San Diego Marina and is the premier event for the wholesale, specialty and surplus lines industry

Startups and Street Art: Using Creativity to Inspire Your Agency

by Business Strategy

The TRUTH

There is just something about street art and the start-up culture that blend perfectly together. When you really think about it, it’s easy to see why. Both push the boundaries of existing norms, both require a thirst for adventure, and most importantly, both require a creative vision.

There was a time when street art used to be called graffiti and shunned by society — but not anymore. Now you’ll see bright, imaginative murals being painted on anything with a surface. More and more are being commissioned every year, which is a beautiful thing.

While traveling through Austin, it’s hard not to notice the vibrantly painted walls of restaurants and offices that bring a fun energy to the city.  We decided that we would join in here at ePayPolicy and spark some new enthusiasm in our office as well.

The best never remain stagnant and are always willing to make changes for improvement. You don’t think artists like Banksy, BLU or Justin Bettman got very far with just adding a pop of color, do you?

Inspire Creativity Within Your Workforce

At ePayPolicy we’re all about coming up with new ways to disrupt the norm with a simple solution. Therefore, to spark our own creativity, we brought in some creative inspiration. To encourage some abstract thinking and open the minds of our employees, we decided to collaborate with Mike Johnston, (“Truth”) and his wife Erin. We welcomed them to grace our walls with a mural that captures the essence of the ePayPolicy culture. 

Mike’s Unreal Transition to Becoming A Street Artist

Mike has made his home base here in Austin, after moving around a lot as a kid. His introduction to creating art came from his obsession of drawing G.I. Joe scenes when he was a child. Today he is his own unique version of a start-up, gaining renown as a visual arts entrepreneur.

Mike went from being a school teacher for 10 years to a painter. Traveling to places like Asia, Europe and the Middle East is where it all began … and continues. He started painting on school walls overseas, where his students were the only judges of his artwork. Now people can see his art all around the world. He is best known for his murals with pop culture icons such as Will Smith and Frida Kahlo.

His paintings are bound to bring a smile to your face, often featuring bright colors and creative characters. 

Godzilla Meets the Insurance World

If you make your way to our office, you’ll see how Mike and Erin perfectly brought our vision to life. If you take a closer look you’ll see: Gordy Z and his monster buds causing chaos and ripping up checks, Austin’s iconic landmarks such as the Congress Bridge, and credit card bats zooming around the Frost Tower. All of this surrounds the words “Let’s Go”, our company motto.

This mural is a depiction of our goal to help the insurance industry easily process digital payments and put a stop to chasing paper checks.

We’re excited to have some new color in the office and a piece of Austin’s culture in the building. For those looking to add a little creativity to your office, we highly recommend finding an artist that you truly love and bringing them in to help share your vision with employees and visitors. 

The Leavitt Group Conference 2019

by Industry News & Company Updates

Leavitt Group Insurance, a branch off of Leavitt Group, is one of the largest privately-held insurance brokerages in the country. The agency offers employee benefits solutions, property and casualty insurance, risk management and other services. Every year, the Leavitt Group hosts an annual conference, and this year our team was honored and proud to have attended this event at The Westin Lake Las Vegas Resort and Spa on June 5 – 7.

“I’m truly amazed at how such a large organization can still maintain such a tight, family-oriented culture,” says Milan Malkani, Co-founder of ePayPolicy. “What really struck us, their gala, where every award recipient showed genuine admiration for their team and couldn’t stop thanking them enough for their dedication and support. Almost every other speech used the word “love” when referring to the people around them and it wasn’t uncommon for the speaker to have to take a moment and compose themselves after getting a little choked up. This isn’t just a job for them; this is truly their family.”

To conclude the night, Dixie and Anne Leavitt gave speeches from their heart. It was Anne’s speech that really stole the show for everyone. Her delivery, her way with words, and her message of kindness completely left everyone in aw.  She cited the story of Gander, Newfoundland in the wake of the 9/11 attacks to illustrate the power of human kindness. She spoke of how the right thing to do is care for others and that we have the power to do so as an individual instead of waiting for a group at large to start a movement. It was an amazing experience for the ePayPolicy team, unlike any other conference we’ve attended before.

To say we’re excited to be working with the Leavitt group and their members would be an understatement. At ePayPolicy we understand that the insurance industry isn’t just a grouping of companies but a network of families, when we can partner with like-minded insurance professionals it’s a wonderful thing.

Created by insurance experts for the insurance industry ePayPolicy provides the simplest solution for insurance agents, brokers, MGAs, and premium finance companies to collect credit card and ACH payments. Visit https://epaypolicy.com/ to learn about our Vertafore integrations and to request a demo today!