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PatraPay

About

Patra Corporation is one of the leading providers of processing, contact support, and account management solutions for the insurance industry.
Over the last 15 years, it has delivered experience, technology, and workflow tools that address challenges faced by the insurance industry, thereby fulfilling the unique needs of carriers, brokers, MGAs, and wholesalers.
Patra Corporation focuses on creating growth and efficiency for its partners by using prominent technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Blockchain, among others.

Fintech

Project Type

Web Application

Technologies

Business Requirements

The company was looking for a development partner to develop an all-in-one payment automation solution for premium finance companies, agencies, and insureds. Their goal was to deliver a customer-centric payment experience that drives profitable growth and modernize the insurance payment system by bringing all the relevant data together in one place. Security and stability played an important role in this project.

Truggit

Our Solution

After understanding the client’s requirements, we developed the following solution:

  • Proper planning and research were carried out to assess and evaluate the web application’s required functionalities and architecture
  • A highly secure web-based finance solution was developed to automate premium financing and payments
  • Features such as smooth checkouts, automated emails, and reminder notifications were added to the application
  • PostgreSQL database was developed to store the client's and company’s data safely in the application
  • >An interactive, user-friendly, and easy-to-navigate payment interface was added to save costs, boost premium value, and improve cash flow
  • The web application reduced the task time by 85% and allowed 75% cost-saving in every transaction
  • A strong scaffold was developed to help future developers avoid any difficulties while working on the web app

Engagement Outcome

With the help of Jellyfish Technologies, Patra Corporation developed a high-end finance portal for investments, finance, and secured automated payments.
This addition to their pile of transformative technologies helped Patra Corporation stay ahead of its competitors and provide a better user experience to its clients.
For us, one more happy client was added to the list with repeat business.
To learn more about our projects with Patra Corporation, click Patra BBS.

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