FOR IMMEDIATE RELEASE
NASHVILLE, Tenn. — March 1, 2023 —
InsurePay, a leading Insuretech SaaS platform that enables the accuracy of premiums, integrated payments, and reconciliation in real-time is now offering premier payroll connections within their Pay-as-you-go product. The feature will be generally available in the April 2023 release of InsurePay Pay-as-you-go.
InsurePay’s Premier Payroll Connections will include data feeds from payroll providers including QuickBooks Payroll, ADP Workforce Now, Paychex, Gusto, Justworks, Paycom, Run Powered by ADP, Sequoia One, Square Payroll, TriNet, Wave, Zenefits, and many others previously unavailable to their Pay-as-you-go customers.
A Pay-as-you-go workers’ compensation program utilizing automated data feeds provides a more efficient, cost-effective, and accurate solution for Insurance Carriers, MGAs, Agents, and policyholders.
Automated Data Feeds Enable:
- Real-time reporting of payroll information, reducing the need for manual data entry and minimizing the risk of errors. This leads to more accurate workers’ compensation premiums and cost savings for businesses.
- An efficient and quick process for premium calculation, policy issuance, and claims processing. This results in a streamlined and faster experience for both businesses and insurance providers.
- Reliable and up-to-date information on payroll and claims data, allowing for improved accuracy and transparency in the calculation of workers’ compensation premiums and claims payments.
- Better management of risk and informed decisions. This can result in a more effective and cost-efficient workers’ compensation program.
“Bringing expanded payroll connections to our Pay-as-you-go product is a strong start to our 2023 Product Roadmap rollout,” said Mike Senechal, EVP-Payments at InsurePay. “Our customers can anticipate continued product enhancements, such as this one, creating additional ease of business for their insurance payments.”
InsurePay’s Premier Payroll Connections is available for a fee in addition to the cost for the Pay-as-you-go worker’s compensation product offering. Pay-as-you-go customers can optionally self-report their payroll manually at no additional charge or choose from ~2000 pre-built payroll connects that come included in the Pay-as-you-go offering.
“In addition to workers compensation insurance, our Premier Payroll Connections will allow for Pay-as-you-go expansion into business owners, benefits and general liability insurance lines,” said Scott Martin, CTO at InsurePay. “We are looking forward to broadening the application of this premier payroll data offering to additional lines of insurance for customers of the InsurePay products.”
Visit www.insurepay.com to learn more about InsurePay’s Pay-as-you-go Premier Payroll Connections today.
InsurePay® is a leading Insuretech SaaS platform that enables the accuracy of premiums, integrated payments, and reconciliations in real time for Agencies, Carriers, MGAs, and insurance technology providers. InsurePay® is empowering Carriers and their partners to allow policyholders to pay only for what they need with real-time system and data-driven accuracy and flexibility, through a feature-rich platform that offers policyholder payments, Carrier PayGo and payables, vendor payables, and claims payments and Agency receivables all integrated to back-office core systems. To learn more, visit www.insurepay.com or follow the company on LinkedIn.