With TRUPAY® pay-as-you-go, agents are empowered with the ability to offer a flexible payment plan to their clients with no threat to the business relationship. Pay-as-you-go billing directly improves retention because it eases the renewal pains and large audit costs. The three most important differences between a pay-as-you-go and a traditionally billed policy are:
- User convenience. TRUPAY® is user-friendly, time-saving, and easy to fit into a business’s normal financial workflow.
- Improved cash flow. Dividing lump sum premiums into small, regular payments means the businesses who have pay-as-you-go policies see minimal audit adjustments, and pay the right amount at the right time.
- Deposits Waived. Many carriers bill the premium each payroll on a by-exposure basis. Some carriers may require an upfront deposit.