First and only partnership of its kind in Canada, increases brokers productivity by 80% with single-entry integration from sigXP to Advantage Financing�s website to finance premiums.
TORONTO, Ontario, Canada – September 24, 2009 – Today, at the �CSU and Keal, Partners in Education Users Conference,� Keal Technology and Advantage Financing jointly announce a newly formed partnership. Keal has chosen Advantage Financing as their exclusive premium financing partner. The partnership includes real-time upload from Keal�s sigXP, broker management system (BMS), to Advantage Financing�s web interface to quote and submit business. Existing clients are now 80% more efficient with the enhanced workflow.
With increasing competition in the insurance distribution market, brokers require evolving tools to retain clients and grow their business. Financing premiums represents another channel to increase revenue at the brokerage and offer flexibility to their clients. Keal clients now have increased options for their premium financing needs. Brokers can take advantage of the integration with Advantage Financing or finance their own premiums with Keal�s premium financing software, premiumXP.
“We are continuously exploring partnership opportunities that will offer our brokers enhanced business functionality. Integrated technology streamlines daily functions so brokers can spend more time servicing clients,” said Bill Redford, Director of Development. “Integrating sigXP with Advantage Financing�s web interface offers brokers another integrated choice for their premium financing needs and makes them 80% more productive.”
Lake of the Woods Insurance in Kenora, Ontario is the first brokerage to benefit from the new integration between sigXP and Advantage Financing. As a client of both vendors, Lake of the Woods Insurance can now seamlessly upload client information from sigXP directly into Advantage Financing�s website, eliminating manual data entry. Integrated technology enhances the broker�s workflow and minimizes errors and omissions risks that are associated with duplicate data entry and human error.
“Using sigXP to upload client information directly into Advantage Financing�s website has streamlined our procedures immensely. In real-time we can easily receive quotes to finance premiums or commit the business, allowing us to quickly communicate accurate information to our clients to serve them better,” said Tracy McDonald, President, Lake of the Woods Insurance. “To remain competitive, we need our technology to continuously evolve and this new integration is a solid example that Keal and Advantage Financing understand our business goals.”
Advantage Financing�s President, Denis Durepos had this to say, “Advantage Financing offers brokers an opportunity to increase their revenue by financing their premiums without taking on additional risk. Partnering with Keal allows our mutual clients to streamline their daily workflows, obtain real-time results and ultimately offer strengthened customer service.”
About Advantage Financing:
Advantage Financing is a premium financing company offering flexible payment solutions to brokers and their clients across Canada. Its success is attributed to prompt online quoting and emissions, multiple payment options, and a flexible cancellation philosophy. With its exclusive integration with Keal Technology�s broker management system, (BMS) sigXP, Advantage Financing offers an efficient single-entry solution for all types of insurance premium contracts. For more information visit www.advantagefinancing.ca
Keal is a leading software application developer whose focus is exclusively on the insurance and financial brokerage marketplace. Keal is the first BMS vendor in Canada to attain Microsoft Gold Certified Partner status and as such works closely with Microsoft to deliver up-to-date, robust applications. Keal’s products are the most technologically advanced both in development tools and deployment architecture. Amongst their products, sigXP acts as the CRM and personal/auto/habitational policy management system, integrating with comXP, a CMS (commercial management system), and dokXP, a document management and scanning solution. Keal is the exclusive distributor for Nexisys, providing a single entry multiple company interface (SEMCI); lifeXP, life insurance management; and premiumXP, premium financing management. All products are developed uniquely for the Canadian marketplace in both official languages. In addition, they offer consulting on workflows using Keal’s �Best Practices’. They are 100% Canadian owned and operated, servicing their clients from offices throughout Canada and are headquartered in Concord, Ontario. With Keal, brokers take advantage of integrated systems to streamline their workflows and grow their business. For more information visit www.keal.com