Running your business can be complicated, as you need to take care of a lot of aspects. First of all, you have to make sure that you provide only high-quality products and services to your clients. Take note that this is a priority, especially if you belong to a competitive industry.
At the same time, it is also crucial to find ways to make your operations go smoothly. There is a need to see to it that everything is completed after following a certain set of standards.
For insurance companies and MGAs, partner agencies are the engines that their sales rely on daily. Want more production from your partners. Give them what they want!!!, keep them happy. Happy agents equal to more business.
What makes agencies happy, accurate, secure, on time commission payments.
You ask how?
With the state of the art, Unparalleled ACH payout program by Tranzpay allows businesses, such as insurance companies, to seamlessly make electronic money transfers and payments.
There are several advantages of using ACH for your insurance company. If you want to find out more, make sure to read the article below!
Quick Way To Send Commissions
All you need to do is to set up an ACH push for your insurance company. Once you do this, the payments of the commissions will become automated. There are several options on how often you made the money transfer to be made. You can do it daily, weekly, or even monthly, depending on your preference.
Another thing that makes ACH a must-have system for an insurance company is that it is 100% secure. As such, you do not need to worry about the processing of the commissions to the insurance agencies. Everything is completed in a secured system, which means that there is no breaches at all.
In the past, companies need to go through several processes before they can complete transactions with insurance agencies. There are several documents to complete, check, and review. However, this procedure is no longer necessary with ACH. This system does away with the requirement of a paper check. It is the reason why ACH payments are fast!
Eliminates Paper Check
Using a paper check can be expensive for companies in the insurance industry. There are huge transaction fees involved for every payment made to agencies. This is not the case when it comes to ACH. The cost of sending or making money transfers via ACH is cost-effective. You only need to pay minimal fees, which allows you to save big on your expenses!
Everything Is Automated
Another great feature of ACH is that it allows users to save information on the system. As a result, you no longer need to enter the details of every insurance agency you work with, or even the agents that will receive the payments. Once you store the information on the system, recurring payments will be made quickly!