New outbound payment solution will increase transparency and reporting while making the process more efficient.
Exactuals, a top provider of cloud-based payment and metadata solutions to the insurance, entertainment, and music industries, is pleased to announce that Suracy Insurance Agency, Inc. (Suracy) has recently selected the company’s PaymentHub for Insurance digital payments platform to modernize Suracy’s ability to process payments and provide insights via reporting to internal and external partners and customers.
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Suracy, an independent insurance agency headquartered in Cleveland, Ohio, provides robust business insurance solutions across the country to support franchises, small and larger businesses, religious institutions, and other organizations. Experienced in forming strategic relationship with companies offering new and emerging services and technologies to help facilitate market growth and expansion, Suracy shares Exactuals’ commitment to offering transparency and self-service for the insurance payment process.
“Exactuals accurately identified and responded to two major problems in our industry, which are the lack of payment transparency and the burden placed on wholesalers and carriers when an agency cannot access reporting to them through self-service,” said Sam Liotta, president and CEO of Suracy. “We are confident that PaymentHub will positively transform our operations and believe it reflects our commitment to advancing technology within our space.”
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The PaymentHub for Insurance platform streamlines and digitizes insurance payments and offers commission, claims and vendor payment processing, reporting and analytics capabilities, and online engagement tools for insurance companies, brokers, third-party administrators (TPAs), provider networks, and producers. The robust reporting capabilities inherent to the PaymentHub platform will immediately increase transparency into the status of payments and boost stakeholder satisfaction as well.
“In the current environment where so much emphasis has been placed on being able to conduct all aspects of business remotely, the ability for an insurer to make outbound payments digitally is critical,” said Andrew Mauritzen, CFO and head of insurance for Exactuals. “We look forward to working with Suracy to optimize this implementation and to get them the most value possible out of their new outbound digital payments process.”
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