Applied Systems Enhances Insurance Premium Payments with Integrated Lockbox and Digital Options

Applied Systems has introduced significant upgrades to Applied Pay, its AMS-native payments platform, aimed at enhancing premium collection for insurance agencies and simplifying payment processes for insured clients. The new Integrated Lockbox feature allows paper checks to be sent directly to a centralized processing center for automated sorting, scanning, and digitization, which expedites fund availability to 1-2 business days and reduces manual workload for agencies. This automation also links payment data with Applied Epic accounts, streamlining transaction creation, payment application, and check image storage, thereby minimizing errors and improving operational efficiency.

Applied Pay, a cloud-based electronic payments hub fully integrated with Applied Epic, Applied CSR24, and EZLynx Client Center, supports multiple payment options including credit/debit cards, ACH transfers, Google Pay, and Apple Pay. The platform offers branded checkout experiences that ensure secure transactions through automatic authorization and tokenization of sensitive information, maintaining compliance and security standards.

One notable functionality is embedded premium financing, which allows insureds to secure financing and enter Premium Finance Agreements with instant approval directly within the payment portal, eliminating the need to navigate away from payment pages. These advancements leverage intelligent automation to reconcile receivables on an account basis, further reducing administrative burdens for agencies.

This release addresses persistent inefficiencies in manual paper check processing, which has been a long-standing bottleneck in the insurance payment lifecycle. By improving cash flow management and reducing administrative overhead, Applied Systems supports agencies in meeting growing customer expectations for quick, seamless digital payment experiences.

Applied Systems continues to lead as a provider of cloud-based insurance management software, serving agencies and brokerages primarily in the United States and other select global markets. These payment process innovations reinforce their position as a pioneer in insurance automation, enhancing agency operations while supporting regulatory compliance and data security needs.