Centralized payment management is our primary business

The fact is that most internal systems, whether for claims, policies, accounts payable, or some other use, were not built with payment processing as the focus of functionality. They may perform their core duties proficiently, but they fall considerably short of the mark when doing something as seemingly simple as issuing payments.

Our Primary Business

At Prelude, payment processing is our primary business. And the good news is that you can reap the benefits of our technology without having to replace your current systems. Our state-of-the-art centralized payment management solutions integrate seamlessly with whatever software you’ve chosen for your other business processes.

With Prelude’s PayPilot product, existing systems can be relieved of their disbursement functions one-by-one, or all at once. You can even transfer functionality by department or by line of business. And if you’re considering a system upgrade or replacement at a later date, all the data connections can be easily established with the new software without consequence to key operations or customer satisfaction.

Centralized Control

Our integrated payment database sets us apart. PayPilot acts essentially as middleware for your organization’s many systems, so all payment information can be tracked, queried, reported on and analyzed in one location.

Centralizing payments from disparate systems also allows you to add new functionality once—in PayPilot—and extend the benefits throughout your business. Automated bank reconciliation, positive pay security, mobile payments, electronic payments, OFAC compliance, and escheat processing are just some of the expansion modules that can be added over time to streamline your operations and reduce your processing costs.

If you find your operation experiencing any of the current situations, just think what a difference PayPilot could make:

Numerous customer requests for electronic payments?
Our Electronic Payments expansion module automatically processes ACH payments and electronic debits. Paper checks and electronic payments can even be handled within the same system.
A desire to move away from the hassle of pre-printed checks to MICR printing on blank safety stock?
Significant cost savings can be captured through the use of MICR check printing. Add/change custom logos and address information for multiple companies or accounts and do away with all those separate and costly pre-printed check inventories.
Too much time spent reconciling bank accounts?
Automate your bank reconciliation process with PayPilot. Hours (and days in some cases) can be cut from this normally cumbersome process.
Frequent management inquiries about payments?
Because PayPilot consolidates all your payment information from all your systems in one centralized data repository, access to payment information is simple and straightforward. Perform ad hoc queries, or run standard or customized reports at any time.
Complicated remittance advice and/or EOBs?
Prelude offers remittance advice that can be completely customized to fit your unique workflows. Explanation of Benefits (EOBs), Explanation of Payments (EOPs), and Explanation of Remittance (EORs) can be easily added and attached to every payment.
Multiple payments to the same payee in the same check run?
PayPilot can bundle multiple payments to the same payee into a single check or electronic payment.
Difficulty getting manual signatures on checks when needed?
For checks with amounts falling below a certain threshold, use electronic signatures. For those above the threshold, PayPilot can send email notifications to approvers letting them know there are checks in their queue.