InvoiceCloud Recognized for Leadership in Insurance with Award Wins for Technology and Partner Innovation

BOSTON--(BUSINESS WIRE)--InvoiceCloud, a leading solution for digital bill payment services, has been honored with two awards in recognition of its innovation and dedication to carriers and policyholders in the insurance industry. Honors include:

• Winner of PropertyCasualty360’s Insurance Luminaries Class of 2024 in the Technology Innovation category for the second consecutive year. This designation celebrates innovation in the property and casualty insurance industry and those who strive to modernize and humanize the business.
• Winner in the inaugural Sapiens North American InsurTech Ecosystem Partner Innovation Awards. This award recognizes a Sapiens partner that innovates using the integrated solution by leveraging advanced technology, introducing new approaches, and providing value to joint customers.

These recent wins underscore InvoiceCloud’s commitment to providing customers with a robust suite of easy-to-use payment options that not only meet the growing expectations of today’s modern insurance companies but also drive quantifiable results. Insurance organizations that use InvoiceCloud have seen significant improvements in internal efficiencies and digital payment adoption, such as:

• American Farmers and Ranchers Mutual Insurance saw a 97% policyholder retention rate and a 48% increase in AutoPay adoption in the first 12 months of going live with InvoiceCloud in February 2022.
• EmPRO Insurance Company saw a 211% increase in electronic payment adoption and a 7X increase in AutoPay adoption in the first 12 months of going live with InvoiceCloud in May 2021.
• Georgia Farm Bureau Mutual Insurance Company has seen a 34% increase in electronic payment adoption and a 106% increase in AutoPay enrollment since going live with InvoiceCloud in April 2022.

“We are motivated by the ongoing pursuit of innovation to drive digital adoption that saves insurance carriers time and resources, enabling increased focus on supporting policyholders,” explained Julie Schieni, VP Financial Services at InvoiceCloud. “Being recognized for these awards—which reflect the team’s dedication, hard work, and commitment to our customers—fuels our desire to grow and bring value to the industry.”

To learn more about how InvoiceCloud provides simplified payments for policyholders, click here.

About InvoiceCloud

InvoiceCloud provides modern digital payment, customer engagement, and outbound disbursement solutions. The company services more than 3,250 customers across the utility, government and insurance industries and is a leader in the electronic bill presentment and payment (EBPP) space. InvoiceCloud’s SaaS platform enables continuous enhancements to the customer experience resulting in higher digital payment, AutoPay, and paperless adoption rates. By switching to InvoiceCloud, clients can improve customer engagement and satisfaction while lowering costs, accelerating payments, and reducing staff workloads. To learn more, visit www.InvoiceCloud.com.