AIS Announces The Addition Of Its New Premium Installment Payment Program For Direct Billing

Dec. 2, 2010 - PRLog -- St. Louis, MO – MGAs, Program Managers, Specialty Insurers and others already doing installment billing may eliminate virtually 100% of the expense for direct bill policies and optionally may turn the expense for direct bill policies into a revenue stream with AIS's new program, Automated Installment Systems, Inc. (AIS) announced today.

“I am very pleased to announce the roll-out of AIS's new Premium Installment Payment Program For Direct Billing," Thomas Michael (Mike) Wood, AIS Chairman, said. "We think this can be an opportunity for those in the business of installment billing to perhaps turn an administrative headache into positive income.”

“I can’t think of anyone in the insurance business who isn’t looking for ways to cut expenses and add new revenue streams,” Wood stated.  "The new Premium Installment Payment Program for Direct Billing that we have developed at AIS and are now introducing could help companies already in the business of premium installment billing and/or companies getting into the business do both!"

"AIS does the work processing the installment premiums and related forms for our Clients’ insureds. Immediately, our Clients can virtually eliminate their direct bill expense and, optionally, may elect to create a new, positive, revenue stream," Wood explained.  "Each program is custom-tailored for the unique terms and conditions of the direct program of our Clients. Our Clients and their insureds have secure 24/7 access to account information via the website(s) AIS creates for our Clients for each of their programs!”

“Like “Own Your Own”® premium finance, the Premium Installment Payment Program For Direct Billing from AIS is secure, simple; and can be designed to create a positive income stream,” Wood said. “At a minimum, there is virtually no cost to our Clients. Our Clients can increase the volume of the direct bill programs they sell without the expense of processing!”

“AIS adds a service fee to each bill. But, AIS collects the service fees only from payments that the customers of our Clients actually make,” Wood emphasized. “If a bill is processed and no payment is received there is no charge to our Client.  The amount a Client may optionally include for its service fee, in addition to the AIS service fee, creates the positive revenue stream for the Client. It’s that simple. It’s that cost-effective.”

“Once a Client decides that it’s right for them,” Wood added, “it takes about sixty (60) days for AIS to get the Client’s custom Direct Billing Premium Installment Payment Program set-up and in operation for each direct bill program.”

Request an Online Meeting and Demo
Request an online meeting and demo and/or get more information about how you/your company may benefit with the new AIS Direct Bill Premium Installment Payment Program from St. Louis, MO based Automated Installment Systems, Inc..  Call Diane Wood, President, or Rusty Briggs at 800.624.6308. Visit our website @http://www.automatedinstallment.com/aboutAIS_ourconcept.htm

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Outsourced Client-owned commercial premium finance companies (AIS "Own Your Own"® premium finance) can enable retail & wholesale agents, brokers, MGAs, specialty insurers and bank insurance operations to increase revenue and post higher profits.

Outsourced premium installment programs (AIS's New Premium Installment Payment Program For Direct Billing) can enable MGAs, Program Managers, specialty insurers and others in the business of premium installment billing to cut expenses and add new revenue streams.