Online Application Approvals for Premium Funding Providers
Tuesday July 16, 2013. Brisbane, Australia. Red Planet Software, a leading provider in Premium Funding and Professional Fee Funding applications is one of the first funding software providers to deliver online application approval processes for clients seeking funding for insurance premiums or professional fees through brokers and funding providers.
When clients are presented with a contract, they are now given the option to print/sign/email or accept the contract electronically. The Odyssey Funding and Loans Management solutions generate unique, secure passwords that the client can use when they enter and authorise their billing details and accept the terms and conditions of their agreements with their chosen broker or funder.
The Odyssey solutions provide real-time repayment calculations and now, with online approval processes, this will significantly reduce the time it takes to process applications and streamline the associated administrative tasks involved. Odyssey delivers a complete end-to-end solution from broker to client to funder.
“The roll-out of online approvals has streamlined processes for our clients,” says Peter Williams, CEO of Red Planet Software. “We have developed our applications in line with many representatives in the funding and financial services market and excited to deliver innovative solutions that enables them to be responsive to client needs and take advantage of new technologies available.”