Input 1 Selected by Pivot Funding for Premium Finance Operations Enhancement
In a significant development within the finance tech landscape, Input 1, a leading provider of advanced billing and payment solutions for the insurance sector, has been selected by Pivot Funding, a captive premium finance company based in Massachusetts. This partnership aims to enhance Pivot Funding's operational framework, allowing them to better cater to both personal and commercial lines of insurance.
The Need for Robust Infrastructure
As Pivot Funding looks to expand its service offerings, the need for a strong foundational infrastructure becomes paramount. According to Joey Asselin, Owner of Pivot Funding, establishing a captive premium finance company necessitates a platform that is robust from the start while also adaptable to future advancements in technology and changes in policyholder expectations.
"Building a captive premium finance company requires a strong foundation," Asselin emphasized. "We wanted a platform that could support our team from the outset and continue to improve over time. Input 1 provides reliable automation, regular platform updates, and online access that allows both our staff and policyholders to manage accounts and payments anytime."
Selection of Input 1’s SaaS Platform
Pivot Funding opted for Input 1’s sophisticated Software as a Service (SaaS) platform, which is designed to streamline premium finance processes and ensure consistent accessibility for both in-house teams and policyholders. The partnership builds on a history of positive experiences, as Pivot had previously utilized Input 1’s services through a third-party alliance.
Todd Greenbaum, CEO of Input 1, stated, "Premium finance requires disciplined execution, particularly for organizations launching a captive. Our role is to provide infrastructure that supports those operations reliably and stays current as the business grows. We're proud to support Pivot Funding as they build and scale their premium finance program."
Comprehensive Support for Insurance Organizations
Input 1's platform is built to deliver not just billing solutions but also digital payment capabilities alongside premium finance functionalities. This integrated approach helps insurance organizations efficiently manage incoming premium payments with consistency and confidence.
With Input 1, organizations can expect reliable automation, regular system updates, and a user-friendly interface that caters to evolving customer needs. This level of service is crucial in today's fast-paced financial environment where adaptability and efficiency are key to success.
About Pivot Funding, Inc.
Pivot Funding, Inc. is strategically positioned in Massachusetts, focusing on financing personal and commercial lines of insurance. They offer comprehensive premium finance solutions and collaborate closely with partners like CHI Insurance Agency, Inc. to enhance their service delivery.
About Input 1
Input 1 stands as a vital player within the insurance industry, offering a unified platform that integrates technology-enabled billing, digital payments, and premium finance functionalities. Trusted by over 2 million users, the company effectively manages approximately $16 billion in annual insurance premiums, providing a reliable infrastructure for insurance organizations striving for excellence in their operations.
This recent collaboration between Input 1 and Pivot Funding signals a progressive step towards modernizing the finance landscape within the insurance sector, focusing on operational efficiency and improved stakeholder satisfaction.