Payment Solutions
Solutions for Claims Payments
Pay auto claims up to 7 days faster. Drive costs out!
Getting your customers back on the road fast does not have to be delayed with slow and inefficient check payments. Whether paying suppliers in your preferred network, or out-of-network, our electronic claims payment solutions can save to money (and potentially customers).
Key Benefits:
- Pay claims – and close claims -- up to 7 days faster
- Reduce average payment servicing time by 2.5 minutes per transaction
- Reduce incidences of payment fraud and disputes
- Automatically reconcile payments and re-deploy resources
Single-use Virtual Accounts replace check payments
Once a claim is adjudicated, you can create a unique virtual account with the click of a button for each claim payment. The account is available instantly for use. And, you can set purchase limits for an exact payment amount to ensure maximum control.
Append data to payments and add value in unexpected ways
Choose custom data elements important to your business (like claim number), and link them to each virtual account. Each data element carries through payment settlement, which means you enjoy easier research and resolution and faster reconciliations.
Automation is key to driving efficiencies.
Automatically send payment to your repair vendors via fax. Once payment settlement is complete, automatically reconcile payments made to minimize manual accounting efforts.
No up-front software or ongoing service costs.
No, really. No replacement costs either. Our claims payment solution integrates directly into your existing software. Aside from internal program and training costs, Wright Express’s electronic claims payment solution is free.
Have Questions?
Click here to request a call, and one of our experienced representatives will help answer your questions about our payment solutions.
Add up the savings
Read about how Automobile Protection Corporation uses electronic claims payments for meaningful impact.
| Download Case Study ( |
It’s simpler than you think
Read more about how Purchase Log integrates directly into your claims management system and processes.
| See how it works ( |
