Payments Automation

Revolutionizing Insurance Payments with Automation

Transforming Vendor Payments with Automated Payment Systems

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World class fintechs and banks drive better CX with Alltius

Up to
80%
Faster Vendor Payments
Up to
50%
Reduction in Processing Costs
Up to
99%
Error Reduction in Payment Processing
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO

Why use Payments automation platform?

With the rapid growth of digital payments, payment processing has become a critical part of financial operations. Manual processes create delays and errors that disrupt customer experience. Payments automation streamlines transactions, ensures faster settlements, and enhances security, all while reducing operational costs. Automating payment systems also helps businesses stay compliant with regulations and meet customer demand for seamless, real-time processing.

Challenges in Payments Processing

  • Manual payment workflows cause delays, leading to dissatisfied policyholders and strained cash flow.
  • Insurance firms lose up to 30% revenue annually due to billing errors and payment mismatches.
  • Fraudulent transactions in insurance payments account for $40 billion in losses each year.
  • Reconciliation of premiums, claims, and commissions is labor-intensive and error-prone.
  • Regulatory compliance requires accurate reporting, increasing operational complexity.

How Payments Automation Solves These Challenges

  • Automated workflows reduce processing times, ensuring 95% faster payment cycles.
  • Transaction reconciliation eliminates errors, increasing financial accuracy by 99%.
  • Secure payment gateways mitigate fraud risks and ensure compliance with financial regulations.
  • End-to-end automation optimizes commission disbursement, enhancing agent satisfaction.
  • Real-time tracking and reporting simplify compliance and audit processes.
  1. Automated Payment Routing: Streamlines policyholder premiums, claims disbursements, and commission payouts.
  2. Intelligent Reconciliation Engine: Matches invoices, payments, and claims with 99.9% accuracy.
  3. Secure API Integration: Seamlessly connects with core insurance platforms and banking systems.
  4. Fraud Detection Mechanism: Identifies anomalies and prevents unauthorized transactions in real-time.
  5. Compliance Dashboard: Provides automated reports for regulatory adherence and audit readiness.
Cut down transaction delays by 95%.
Achieve 99.9% reconciliation precision in insurance payments.
Ensure regulatory adherence and minimize fraud risks.
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Why choose Alltius?

Domain Knowledge
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It Works, Everytime!

Excellence in every channel

Build once & deploy AI across all your company channels - instantly.

Resolve issues on autopilot

Solve complex queries by taking actions on systems autonomously.

Agent assistance on point

Supercharge your team with AI agents that do heavy lifting for them.

Deliver ROI at speed of light

Turn all your customer interactions into growth opportunities - at scale without increasing your headcount.

‍

"Alltius’ work has been very promising! Within months they have deflected a substantial portion of our incoming tickets.

We see them as our extended team."

Jyotiswarup R, CTO, AngelOne

Tailored info-sec SLA plans

Ensure the highest degree of compliance & security requirements for your AI systems.

Privacy first data
control

PII protection, masking, VPN storage, AES encryption & more ensures no data leakage from any agent.  
Better Payments automation is just one call away!

Make AI your competitive edge. Use the future of CX that is ready today!

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FAQs

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What is an automated payment system?

An automated payment system is a technology that streamlines and executes transactions without manual intervention, ensuring faster and more accurate vendor payments.

What is an automated payment method?

An automated payment method allows businesses to schedule and process payments electronically through a predefined workflow, eliminating the need for manual approvals.

What is an example of an automatic payment?

An example of an automatic payment is a recurring premium payout to policyholders or vendors, where the system deducts funds without requiring manual approval each time.

How does vendor payment automation reduce fraud?

Vendor payment automation incorporates fraud detection mechanisms that flag unusual transactions, reducing unauthorized payments and ensuring compliance.

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