RED PLANET SOFTWARE

PREMIUM.SOLUTIONS

 

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ABOUT

 

Red Planet Software is a leading provider of niche loans management software.  We specialise in Insurance Premium Financing software and Professional Fee Funding Applications.

We provide customised and cost-effective end to end software applications and support services for the financial services industry. Our solutions manage administrative tasks, quotes, loan administration and general ledger entries with feature-rich processes, automated approvals, integrated billing and online payments.

We Work

We work with many premium financing insurance and professional fee providers in United States, Canada, Australia and New Zealand and expanding into the United Kingdom. Our client list is vast and our premium financing solutions manage over $US5 Billion in repayments annually.

Unlock Potential

Premium financing and our other solutions allows your customers to enjoy manageable repayments over an agreed time frame. Managing cash flow for your organization and improving efficiency in administrative tasks are a few benefits you can experience. We are a global leader focused on your success.

ENHANCE YOUR CLIENT'S PAYMENT EXPERIENCE

OUR FOCUS

Our Vision

Red Planet’s vision is to be the planet’s provider of choice for insurance premium financing and fee financing platforms.

Our Mission

Red Planets mission is to help our customers be great at what they do, by providing market leading technology platforms in combination with our specialist industry expertise and advice.

Innovation for Premium Funding with new Integrated Invoice Links and Pay By The Month Offerings

Red Planet Software delivers innovative technology to premium funding and professional fee funding providers.

SYDNEY, AUSTRALIA May 13, 2016: Red Planet Software, one of Australia’s largest software solution providers for insurance premium funding and professional fee funding, has released Pay By The Month (PBTM) functionality for brokers and funders.

Red Planet Software have successfully developed this functionality into its Odyssey software system and can provide integrated invoice links with leading vendors such as EBix and Xero (others are currently under development).

Odyssey is a long-standing innovative application and a market leader in insurance premium funding and professional fee funding applications. It is used by the majority of Australia’s largest funders and numerous brokers throughout Australia, New Zealand, USA and Canada.

The Pay By The Month functionality automatically calculates monthly repayments and includes this amount as one of the payment options alongside current EFT or BPAY offerings on the client’s invoice with links to online payment portals. Providing links from your client’s invoices and statement to online payment methods is called “Integrated Payment Links”.
“Clients demand flexibility and easy online processes,” says Peter Williams, managing director of Red Planet Software. “Payments can now be made by direct debit or credit card on a weekly, fortnightly or monthly basis.”

“Other industries and businesses have been offering this solution for some time, it’s now time premium funding and professional fee funding jumped on board,” says Williams.
The Odyssey application is one of the only solutions available today that integrates with broker and funder systems, provides real-time credit checks (Dun and Bradstreet and Veda) and has automated workflow capabilities to automatically approve loans that meet certain criteria. This greatly reduces the amount of time to process applications.

Brokers and funders favour the Odyssey application for its ease of use, ability to be customised, its continual innovation and mobile technologies. It reduces the chance of errors, saves time in avoiding repetitive data entry and lowers administration costs. Brokers can focus on growing their business and turnaround higher number of applications.

DEMO at: http://demo.paybythemonth.com

RED PLANET SOFTWARE

Insurance Premium Financing Software  •  Professional Fee Financing Software  

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