Thomas, Carroll pilots finance service

Broker Thomas, Carroll is piloting a new premium finance service following a tie-up between Misys Financial Systems (MFS) and Premium Credit.

Using EDI technology, the broker will be able to send premium finance case details electronically to the finance provider, which can then send payment details directly back into the broker's system. These details are then automatically posted against the original transactions, removing the need to re-key the premium finance acceptance. The software

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