SNAP Premium Finance integrates with Power Broker to make quoting for monthly payments easier than ever before

Toronto, ON (June 6, 2019) – SNAP Premium Finance have recently partnered with Power Broker, one of the largest Broker Management Systems (BMS) in Canada, to provide a seamless solution for brokers to offer payment plans and complete policy proposals within the realms of one environment.

Fully integrated environment

“We’re pleased to work with innovative companies like Zycomp Systems Limited to help optimize the quoting experience for all our broker partners,” said Kumar Bhaskar, Senior Vice President, SNAP Premium Finance. “Leveraging our existing technology alongside a system the industry is familiar with helps brokers offer payment plans without ever having to navigate away from one platform.”

In a recent study conducted by SNAP, 75% of business owners said they would take up an offer to finance their insurance premium if offered it by their broker.

“In today’s world, we know brokers seek convenience and clients want alternative ways to pay,” added Kumar. “By simplifying the steps required to present a payment plan to clients, brokers can improve operational efficiencies and offer a superior experience to all.”

Increased workflow efficiencies

“Syncing our system with SNAP helps facilitate greater productivity for all our broker partners and eliminate workflow fragmentation,” said Steve Zylak, President, Zycomp Systems Limited. “Providing a means for completing end-to-end quoting requirements within one robust system helps free up resources and let brokerages concentrate on what matters most: growing the business.”

“As well as being our most sophisticated premium financing integration to date, this partnership has helped facilitate our ongoing focus to streamline broker workflows and strengthen our offering to partners across Canada,” added Steve.

About SNAP Premium Finance

SNAP has helped brokers, Carriers and MGA’s across Canada grow by providing them with turnkey and custom payment plan programs to offer their customers. Our payment programs and market leading loan origination systems allow companies to be more competitive, increase revenues and reduce operating costs by seamlessly integrating payment solutions into their businesses. Additional information about SNAP Premium Finance can be found at snap4insurance.com.

About Power Broker

Power Broker is a ‘complete’ customer and policy management system with a full accounting program operating in a user-friendly environment. It supports EDI Upload/Download, Electronic Documents Management, and many other integrations such as Microsoft Outlook, Word, Excel and two quotation programs. It’s the best product, with the best price and the best support for your insurance management needs! Visit power-broker.com for more details.

About Zycomp Systems

Zycomp Systems Limited, a Canadian Company, has been the sole owner and provider of the Power Broker Management System since 1992 .

Source: SNAP Financial Group

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