Premium Financing as Easy as Pay-in-Full with Finance Connect and Automatic Invoice Offsets
In 2026, ePayPolicy's Finance Connect introduces real automation that streamlines premium financing by allowing agencies to invoice clients for the full amount upfront while clients can choose to finance via a digital “Finance This” option, which automatically adjusts invoices and accounting records in AMS360, resulting in up to 30% increased loan volume for sales teams and significantly reducing manual accounting work.
In 2026, ePayPolicy introduces a new approach to the premium finance company (PFC) process: Real Automation. The goal is to allow agencies to invoice for the full amount and let the client decide how to pay—without causing complications in the back office.
Traditionally, friction exists between the Producer, Account Manager, and Accounting team whenever a policy is financed. Most agencies prefer clients to pay in full because it's simpler and faster. However, when a client opts for financing, it often leads to confusion and extra work for the accounting and back office teams.
The “Old Way”
Currently, offering financing typically involves:
- Step 1: Asking the client how they want to pay before invoicing.
- Step 2: Manually entering quote data into a PFC portal to get terms.
- Step 3: Creating a specific financing invoice in AMS360.
- Step 4: Sending a PDF and waiting for the client to sign it.
If you invoice for pay in full and the client later wants to finance, the accounting team must unwind the transaction, void the invoice, and start over to ensure accurate AR/AP reports.
The New Way: Real Automation
With the latest update to Finance Connect (available through select integration partners), ePayPolicy has introduced automated AR write-back for premium financing.
The new process:
- Step 1: Send a standard Pay in Full invoice.
- Step 2: The client visits the payment page and sees a “Finance This” option.
- Step 3: The client signs and pays the down payment digitally.
- Step 4: ePayPolicy writes back to AMS360, automatically adjusting the invoice, applying the down payment, and creating the receivable from the finance company.
Why this matters for your role:
- For Sales/Producers: Capture more revenue. Agencies see up to 30% increased loan volume when the financing option is presented automatically.
- For Accounting: Eliminate messy accounting and manual journal entries to fix AR.
- For Operations: No longer act as the middleman between the carrier, client, and finance company.
This is more than just a feature—it's automation working for the agency, streamlining processes and reducing manual intervention.
To learn more, reach out to your account manager or the ePayPolicy support team!
Related
Comparing ePayPolicy vs. Insurance Payments Platforms
The article compares ePayPolicy and other insurance payment platforms by highlighting the insurance industry's shift away from inefficient and risky paper checks toward digital payment solutions that improve customer experience, streamline reconciliation, provide real-time cash flow data, and integrate with existing technology, emphasizing ePayPolicy's popularity among MGAs, agencies, carriers, and PFCs based on user reviews and operational fit.
Agile Premium Finance Partners with Finance Connect - ePayPolicy
Agile Premium Finance, a division of First Financial Bank, has partnered with ePayPolicy to integrate its Finance Connect feature, enabling insurance companies to offer customers seamless online premium financing enrollment and payment solutions—including e-signed agreements—thereby enhancing efficiency and accessibility in premium finance similar to popular "Buy Now, Pay Later" models in e-commerce.
Honor Capital Joins Finance Connect - ePayPolicy
Honor Capital has partnered with ePayPolicy to integrate its premium financing solutions into ePayPolicy’s new Finance Connect feature, enabling insurance brokers and agencies to effortlessly offer real-time, online financing options—including down payments and e-signatures—to eligible payors during checkout, streamlining access to premium finance through seamless integration with agency management and accounting systems.
USPF Partners with ePayPolicy for Faster Financing for Insurance - ePayPolicy
US Premium Finance (USPF) has partnered with ePayPolicy to integrate its Finance Connect feature, enabling insurance customers to access premium financing seamlessly at checkout through existing premium finance company partnerships, thereby offering a convenient "Buy Now, Pay Later" experience that aims to increase conversion rates and streamline insurance premium payments.
First Insurance Funding Joins Finance Connect - ePayPolicy
First Insurance Funding has partnered with ePayPolicy to integrate its premium financing solutions into ePayPolicy’s new Finance Connect feature, enabling insurance customers to seamlessly choose and enroll in financing options at checkout for a faster, more convenient digital payment experience.
How R.K. Tongue Managed 50% Premium Finance Premium Growth with Finance Connect - ePayPolicy
R.K. Tongue, a dental industry insurance provider, achieved 50% growth in premium finance premiums by integrating ePayPolicy's Finance Connect with their Vertafore system, automating and streamlining the previously manual, time-consuming process of generating and managing up to 300 monthly finance agreements, thereby enhancing client payment flexibility and reducing administrative burdens during peak seasons.