AcordPay eliminates:
- Paper checks
- Printing checks and statements
- Postage
- Portal sweep payments
- Wire transfers
- Payment memos
- Check fraud
- Missing checks
- Late/early payments
- Follow-up phone calls
A better way to pay
There are better ways to spend your time than dealing with papers.
Carriers
AcordPay streamlines and automates payments and statements between insurance agencies, MGAs and carriers. With AcordPay, payments are made on time, every time—without concern about lost checks or missing statements.
AcordPay facilitates the transfer of funds securely between financial institutions and statements from major agency management systems.
Key benefits
Easy
to set up and use,
no IT required
Receive all the information a carrier needs to complete reconciliation processes without changing current workflows and procedures.
Safe
paperless
payment + statements
AcordPay transfers funds from the agent's designated bank account to the carrier. Statements are available online for both monthly receivables and one-time payments.
Efficient
saves time
and money
AcordPay eliminates checks and the need for employees to do bank runs as well as reduces communication between accounting departments of carriers and agents.
AcordPay streamlines your
carrier payment process:
Control
Certainty
Approval
Security
Less time
and effort
Schedule the arrival, cash date and amounts for payment
Payment and accounts current cannot get lost or separated
You control the approval process; anytime, anywhere
No missing checks, no lost checks, no check fraud
One click from your BMS
| Control | Schedule the arrival, cash date and amounts for payment |
|---|---|
| Certainty | Payment and accounts current cannot get lost or separated |
| Approval | You control the approval process; anytime, anywhere |
| Security | No missing checks, no lost checks, no check fraud |
| Less time and effort | One click from your BMS |
Businesses of any size can benefit:
- Reduce costs and improve efficiency
- Electronic monthly accounts current statements
- Eliminate sweep payments in portals
- Both parties receive payment notification and real-time confirmation emails
As quick as
next business
day credit:
- Replacement payments
- Sweep payments
- NSFs
- Down payments
