December 2002

Acturis integrates Close Premium Finance onto Platform

Acturis and Close Premium Finance today announced the integration of Close’s web based i-prompt premium finance facility onto the Acturis Broker Platform.

For the first time brokers are able to finance a client’s premiums in a real time environment without leaving their broking system, nor having to pick up the phone. The i-prompt integrated premium finance solution appears as an option within the existing Acturis invoicing process, with data being automatically transferred between the Acturis Broker Platform and the i-prompt system. The broker also receives instantaneous confirmation that transactions have been successfully transferred to Close.

Denny Ellis, Office Administrator at Adams Tingle comments, “The integrated premium finance facility vastly improves the efficiency of the new business, MTA and renewal processes where a payment plan is involved. For the first time we are able to debit the entire transaction in one single process.”

Roger Brown – Commercial Development Director at Close Premium Finance adds, “This is a very exciting development for us, and is a market first. i-prompt receives all the same data as if a broker was entering it directly onto our web-site and the broker instantly receives the pre-filled mandate into the Acturis system for the client to sign. The facility is available for commercial and personal lines and further extends our position as leader in premium finance technology. We are delighted to work with Acturis, who share our vision of a connected market-place.”

Adrian Boyd, Chief Financial Officer, at Acturis concludes, “The fundamental change Acturis is trying to make is to eliminate re-keying in the insurance process, thus improving the efficiency of brokers. Coupled with our recently completed insurer integrations, Acturis brokers are already providing their clients with
lower cost service.”

-Ends-

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