SNAP helps brokers stay competitive with Click n Pay.
SNAP Premium Finance, recently announced the launch of Click n Pay, an innovative payment solution that helps brokerages stay at the forefront of how customers pay for their policies.
An Industry in transition
“After 15+ years in the insurance industry, we’re seeing a rapidly changing landscape. Insureds want more options to make payments than ever before. To stay competitive, brokers have to change the way they present, take, and process payments.” – says Kumar Bhaskar, Senior Vice President, SNAP Premium Finance. “With Click n Pay, we’ve developed a simple way for brokers keep up with these changes in the industry.”
Addressing changing customer wants
“Customers expect more in the digital economy. They want simplicity, convenience, and the ability to make their payments online. They also want the option to pay monthly.” – says Bruce Cleland, Chief Marketing Officer. “Until now, offering monthly payments required upfront effort by busy frontline staff. We developed Click n Pay so that brokers can offer a convenient monthly payment plan with every quote, in just seconds. And best of all, we can have a broker up and running in a few days with no complex system integration needed.”
Reducing receivables and increasing cash flow
Traditional payment processes and collections are slow and frustrating. Business owners know that cashflow is king and cheque chasing is a high effort, low value use of their staff’s time. In addition to meeting market demands, Click n Pay, helps brokers get paid faster and reduce time on risk.
About SNAP Premium Finance
SNAP has helped brokers, Carriers and MGA’s across Canada grow by providing them with turnkey and custom financing programs to offer their customers. Our payment programs and market leading loan origination systems allow companies to be more competitive, increase revenues and reduce operating costs by seamlessly integrating payment solutions into their businesses. Additional information about SNAP Premium Finance can be found at www.snap4insurance.com.