Many non-insurance businesses and entities' such as gyms, schools, rental agencies, body corporates and value-added product providers (VAPs), among others' also manage recurring payments such as subscriptions, fees, rent and levies.
They, too, can make the most out of Fulcrum's collections platforms, unlocking time and money savings conveniently and in a de-risked environment.
Our reporting capability offers our insurer and broker clients complete transparency with regard to their premium collections. We offer balance to bank, monthly aggregated, payments and ageing reports.
Access to more information than ever before allows insurers to better monitor and proactively manage brokers and keep tabs on unpaid ratios.
We provide our clients with monthly reports at a minimum, but we're flexible and can accommodate on-demand reporting.
We provide our clients with everything they need to effectively, transparently and conveniently manage deposits and payments.
Our systems are secure, customisable and available online 24/7, and comply with regulatory requirements.
Customised online reporting includes parameters such as account balances, debit order import summaries, rejections, payment confirmations, allocated deposits and business intelligence.
Brokers are each provided with a dedicated dual bank account, managed by us, that they share with their customers for payments.
Our claims handling service is perfect for insurance companies that want to limit the number of bank accounts they use, and the bank charges they pay.
It's ideal for brokers, too, as they can optimise client service delivery by fast-tracking claims payments.
We assist clients who need to manage their premiums in foreign currency, relieving them of the hassle of forex management.
Clients who opt for this service enjoy competitive rates and benefit from having a single service provider for their forex and collections needs.
WE ARE THE LARGEST INDEPENDENTLY OWNED AND MOST TRUSTED PROVIDER OF PREMIUM FINANCE WITHIN THE SOUTH AFRICAN MARKETPLACE.
The funding mechanism allows corporate and commercial clients to enjoy the benefits of annual insurance policies while ensuring that the upfront payment requirement does not impact their cash flow requirements.
Fulcrum Premium Finance is simple, safe and cost-effective. It reduces administrative burdens and allows clients to mitigate their risks through effective insurance while preserving liquidity levels within their businesses.
PREMIUM COLLECTIONS ARE VITAL TO INSURERS AND BROKERS ALIKE. THEY MUST BE ACCURATE, TIMELY, EFFICIENT AND RISK-FREE.
We're a market leader when it comes to our premium collection solutions, as demonstrated by our three product offerings, which illustrate the evolution of our Fulcrum Collections business.
Our latest premium collections product, Fulcrum AirCollect, which we have developed with strategic partners, is certainly a first in the South African marketplace, if not the world.