WOODLAND HILLS, Calif., Nov. 18, 2013 /PRNewswire/ -- Input 1, LLC announces that its enterprise class software application, Premium Billing System ("PBS"), has been chosen by First Insurance Funding Corp. as the next generation platform for managing its premium finance receivables. First Insurance Funding is one of the largest premium finance companies in North America. Input 1 is a leading provider of billing solutions for the property and casualty insurance industry.
"We are excited to be working with the experienced team at First Insurance Funding and to help them launch the Premium Billing System platform in their environment. First Insurance Funding has been in the premium finance space for a long time. They have a deep bench and a broad footprint. Input 1's Premium Billing System will provide the First Insurance Funding team with many tools to expand their business and respond even more rapidly to the needs of their customers." said Input 1 President and Chief Executive Officer, Todd B. Greenbaum.
Frank J. Burke, Chief Executive Officer of First Insurance Funding Corp., said, "The launch of PBS, with its innovative technology, enhances our ability to serve our customers. With real-time data, our customers see what we see and that means our responses are instantaneous. The broad feature set of PBS allows for enhanced reporting and data mining capabilities that will enhance the value of our business. Input 1's long history of developing software for the premium finance industry is evident in PBS and we will leverage this system to strengthen our efforts to grow our assets and expand our market share within this industry."
Input 1's Premium Billing System provides finance companies with an unsurpassed number of features that provide greater operational control and efficiency, which in turn reduces expenses and increases profitability for finance companies of all sizes. Its many features include the ability to quote, accept payments and update account information all online. PBS includes the most robust custom reporting and compliance systems of any commercially available premium finance software system. Input 1 also provides a version of PBS that is suited to companies that finance extended automobile warranties.
About Input 1, LLC:
Based in Woodland Hills, California, Input 1 offers a wide variety of billing related products and services for the property and casualty insurance industry including: installment billing, premium finance management services, software systems and traditional premium financing. Formed in 1984, Input 1 has been delivering innovative and value-added products and services to the P&C insurance industry throughout North America for over 25 years.
About First Insurance Funding:
First Insurance Funding is a subsidiary of Wintrust Financial Corporation, a financial services holding company based in Rosemont, Illinois, with assets of approximately $18 billion. First Insurance Funding is one of the largest commercial insurance finance companies operating in the United States and Canada with combined property and casualty and life financed receivables of more than $4 billion.