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