Premium Finance Companies gain significant insight to their client’s business practices and allow a real-time view of the actual premiums each pay cycle. Audit1 can reduce the time to cancel accounts and help eliminate bad debt.
Engaging policyholders upon binding allows them to understand the importance of accurate payroll reporting and collection of required supporting audit documentation.
Audits are performed faster and more accurately by allowing policyholders to invite their insurance agents, payroll providers and accounting professionals on a single platform.