Post adjudicated claims continue to be a fragmented process throughout much of the industry. Accounting for 80% of human errors and other process risks are Paper Checks, Returned Mail, ACH Returns, directing Payments instructions to multiple third party providers just to pay vendors and managing receivables continue to plague Insurance organizations.
Property owners & investors have struggled for years to solve the simple act of “Paying Rent”. Delayed payments, friction filled banking processes and frameworks like ACH and Paper Checks have only complicated the receiving end of the equation.
Nothing more satisfying than winning money and being able to turn around and spend that “found money” immediately. Unfortunately due to the heavily regulated banking industry, getting access to your funds, especially from an online platform could take days!
Restaurants / POS
Restaurants were hit the hardest during the pandemic. An industry that already operates on laser thin margins, pays millions of dollars monthly just to accept credit and debit card payments from their customers. This use case is extremely exciting, since it literary means, adding thousands of dollars to your restaurants’ bottom-line.