Advantages Of Hiring A Professional Financial Services Team On Board Your Insurance Startup

Running an insurance startup is all work of pressure especially when it comes to clearing payments each month as well as keeping up with the payments from the client. Let’s not forget about filing for taxes as well as getting the fixed expenses out of the way. All of this is really hectic, and a basic financial team in-house cannot take the pressure.

To make things easier, there are a lot of professional premium financial services which you can make use of to handle your startup’s finances. Companies like DAB Premium Finance have some of the best range of services for you to select from to run your company smoothly. A lot of startups use these insurance premium funding solutions companies to help them handle their finances so that they can make better profits in the longer run.

Here are a few advantages of hiring a financial services company on board for your insurance startup -

1. Payment notice notifications on schedule

One of the best parts about hiring a financial services company for your insurance startup is that a bulk notification goes out to all the customers 20-days prior to the payment. This gives them enough time to pay you back for the insurance premium funding. You don’t have to waste time with your internal team looking for each other and their payment cycle for notifying them.

This makes the job way easier for you and all you need to do is follow up with the customers for the payments. The information is entered into the computer’s database which has an automated notification send out mail.

2. Payments via credit cards

A lot of people like to clear their payments using their credit cards which makes it convenient for them to clear their payments on time. This helps in clearing the premium finance loans on time and makes it easier for you to keep a track of the defaulters too.

Since not a lot of companies accept credit card payments, it will definitely help make your insurance startup stand out in the crowd.

3. Electronic funds transfer setup

Another excellent part about hiring a premium financial services company on board is that they create a setup for customers to clear their payments through monthly electronic funds transfer. They can link their bank account to the insurance invoice account and have the money directly deducted per month.

This is the best way to reduce cancellations, late payment fees, follow-ups as well as increases the customer retention rate.

So, don’t wait any longer and get a company like DAB Premium Finance for your insurance startup today! Make all your payments streamlined, organized and smooth not just for yourself but also for your clients and customers!

For  more info : - premium finance company