Overview
Paper payments are costing you more than you think. 500 manually-processed B2B payments per month? Thatʼs up to $120k per year in pure operational burn.
Not to mention cash flow lag. On $50M in annual premiums, a 5-day lag locks up ~$685k in unproductive working capital.
And the risks go beyond your bottom line. Manually handling sensitive payment data creates compliance vulnerabilities and forces you to add headcount to keep up with growth.
Meanwhile, insurers that have digitized their payment workflows are recouping six figures or more annually through automated reconciliation, 24–48 hour deposits, and compliant surcharging that eliminates credit card fee absorption. (Industry research shows that AP/AR automation alone can cut processing costs by as much as 70–75%!)
Read our white paper, “Your Paper Payments Are Feeding a $32B Industry Problem,” to learn how you can have faster capital deployment, reduced audit exposure, and a leaner operation built for growth.