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Guidewire Software (Foster City, Calif.) has added Prelude Software (Natick, Mass.), a provider of payment management technology, as a Guidewire PartnerConnect Solution partner. Guidewire also announced that Prelude’s PayPilot disbursement hub solution accelerator, which is designed to speed the integration between PayPilot and Guidewire ClaimCenter, has successfully completed the Ready for Guidewire accelerator validation process.
The PayPilot disbursement hub solution aims to help insurers to better manage all aspects of their enterprise-wide disbursement processes, with the goal of real-time lifecycle management of all outbound payments. The accelerator helps to rapidly deploy the PayPilot disbursement hub solution to do the following, by Guidewire’s description:
- Improve processing efficiencies related to outbound payments
- Support all types of payments, including claims and vendor disbursements
- Quickly and easily incorporate multiple payment methods, including MICR check processing, ACH processing for electronic payments, eChecks for electronic check delivery, cards, and virtual cards
- Provide a robust suite of related payment-processing functionality, such as reconciliation, positive pay, OFAC scanning, and escheatment
With the PayPilot disbursement hub solution accelerator, insurers can automatically upload payment request and remittance information from ClaimCenter to PayPilot so that payments can be issued via the desired payment method, according to Guidewire. Also, the status of the payment can be synchronized back to ClaimCenter automatically via this accelerator, providing immediate visibility that helps Guidewire users provide excellent customer service, the vendor asserts.
Faster, More Secure Payments
“Prelude is pleased to offer our payment disbursement hub to ClaimCenter customers through our validated accelerator,” comments Steve Root, president and CEO, Prelude Software. “Insurers using ClaimCenter can now deliver faster, more secure payments with improved tracking and significant cost savings, increasing customer satisfaction levels.”
Prelude’s achievement of the Ready for Guidewire validation mark indicates that the PayPilot disbursement hub solution accelerator has been through a rigorous review process that supports readiness for integration with Guidewire InsuranceSuite products such as ClaimCenter.
“We are pleased to welcome Prelude as a PartnerConnect Solution partner and admire their dedication to providing insurers with more control to drive efficiencies and best practices related to outbound payment processing,” comments Becky Mattick, senior director, Solution Alliances, Guidewire. “PayPilot provides our insurer clients the flexibility to quickly react to the marketplace’s demands for alternative payment methods.”