June 9, 2014
Insuresoft partners with Prelude Software to include its OFAC compliance and payment processing solutions as options in the Diamond Suite
Insuresoft, a leading policy administration solution provider for property and casualty insurance carriers, and Prelude Solutions, a leading provider of disbursement hub and payment management solutions, announced today the joint collaboration of Insuresoft's Diamond product and Prelude's, AutoPilot® and PayFlag® solutions.
"We are extremely excited about our partnership with Prelude and pleased to provide this technology toolset as part of our base solution," said Linde Wolff, Claims Product Manager. "We often hear that carriers are manually verifying policyholder and beneficiary names because they lack the technology to automate the process."
With Prelude's AutoPilot® solution, manual interaction is replaced with automated processing, reducing the administrative time and cost required to process payments. In addition to their once-and-done payment processing solution, PayPilot®, Prelude's PayFlag® solution provides OFAC scrubbing to ensure compliancy with the U.S. Patriot Act.
"Our partnership with Insuresoft is a natural fit. We are proud to complement their Diamond Policy Admin solution with our AutoPilot and PayFlag solutions," said Steve Root, President, Prelude Software. "Partners and clients repeatedly remind us, we are uniquely providing a product line, starting with PayPilot, that fills the functional gaps in the payment process workflows of existing systems. Insuresoft has a terrific solution suite. We make it fully comprehensive by enabling automation, payment processing options and compliance with the U.S Patriot Act."
About Prelude Software:
Prelude Software is a leading provider of enterprise-wide disbursement solutions for insurance companies. Its industry renowned PayPilot® solution extends the life and capabilities of clients' existing infrastructure by interfacing with their siloed source systems. As an example, PayPilot enables the workflows of claims, policy and finance to centralize, streamline and increase the security and control of the payment process. PayPilot provides a single, universal platform with 21st century capabilities for processing, issuing, reporting and storing payments. PayPilot helps keep companies stay compliant and facilitates data synchronization across their enterprise. PayPilot also enable ACH and ERADS, bulking of payments, communication with clients' banks for Positive Pay and Bank Recon. Prelude's solution also allows agents and adjusters to close claims quicker by securely printing checks, activating payment on cards or issuing electronic payments in the field. This capability is ideal for CATs and everyday field claims. Prelude Software is privately-held company with headquarters in Natick, MA. For more information about Prelude Software, visit www.preludesoftware.com.
About Insuresoft, Inc.:
Insuresoft is a Microsoft Gold Certified independent software vendor delivering insurance software to the property and casualty insurance industry. Insuresoft offers a suite of products and services that are configured to meet the unique needs of insurance companies in North America. Insuresoft is a privately-held company with offices in University Park, Illinois and Tuscaloosa, Alabama.
Contact: Kara Deveney
Phone: (866) 299-1314 ext. 35004
Fax: (708) 534-0163