BindHQ vs. EZLynx Agency Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
BindHQ
Score 7.0 out of 10
Mid-Size Companies (51-1,000 employees)
BindHQ’s agency operating system aims to enable technology-driven MGAs, MGUs & Wholesalers to bind more business and expand their revenue. BindHQ’s cloud-based platform reduces total cost of ownership with no hardware or servers to maintain, reduced upfront capital expenditures, and once the user is live, product upgrades are continuous, and automatic. BindHQ’s integrated, multiple line of business comparative rater instantly inputs, rates and compares…
$300
per month per user
EZLynx Agency Management
Score 9.4 out of 10
N/A
EZLynx in Texas offers their Agency Management System as a system for centralizing and managing customer information and automation for the daily workflow.N/A
Pricing
BindHQEZLynx Agency Management
Editions & Modules
Basic
$300 / user / month
per month per user
Pro
$375 / user / month
per user
Enterprise
Contact Sales
per month per user
No answers on this topic
Offerings
Pricing Offerings
BindHQEZLynx Agency Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup Fee$25,000 per installationNo setup fee
Additional Details
More Pricing Information
Community Pulse
BindHQEZLynx Agency Management
Top Pros
Top Cons
User Ratings
BindHQEZLynx Agency Management
Likelihood to Recommend
9.2
(5 ratings)
8.0
(2 ratings)
Usability
9.1
(1 ratings)
-
(0 ratings)
Support Rating
8.1
(2 ratings)
-
(0 ratings)
User Testimonials
BindHQEZLynx Agency Management
Likelihood to Recommend
Owsy LLC
BindHQ is great for the insurance industry. Scenarios in which it is used in accounting:
1. Looking up policies and seeing if they have been paid.
2. Sending out statements and allowing for review of those statements in an organized function. It provides Agency Bill/Direct Bill, Receivables/Payables, Open/Closed.
3. It allows for us to post/offset and make decisions based on producer, carriers, finance companies and agents directions.
Scenarios where it is less appropriate.
1. Outside of the insurance field. But just saying that as for right now. It does not mean that this kind of platform is not usable for other industries, but it would need to be modeled to fit each industry. It has all the core structures needed to help organize and run a business.
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Applied Systems
EZLynx seems to be well suited for any size insurance agency. The capabilities seem to be endless with the only caveat being the integrated homeowner rating system. EZLynx fits all the categories that a management system should fit for any size insurance agency. About the only scenario I can think of that EZLynx would not be appropriate would be doing the financial books for an agency, but than again, what agency management does.
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Pros
Owsy LLC
  • The option for us to CC the BindHQ email to file our correspondence with agents, carriers etc. is my first point for convenience. It is important for us to document just about every piece of every conversation we have and that option makes it seamless to operate efficiently and diligently.
  • It is easy to navigate. Simple as that. The layout is aesthetic and well spaced. The pertinent information pertaining to individual accounts is accessible and placed right across the top of the page.
  • The ability to move from the current account to an expired account or the other way toward the renewal is very helpful. Often we need to access the previous years information and being able to do that just with a simple drop down at the top of the page makes it quick.
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Applied Systems
  • Quotes multiple carriers at once
  • Easy port over options when a carrier is selected
  • Easy to manage existing policies
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Cons
Owsy LLC
  • Rating option directly from account input - I would like to see this feature launched so that we could have a single entry feature that can obtain rates from multiple carriers
  • Bdx Reporting - This would help with binding authority business, especially when a monthly report must be sent to a carrier partner
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Applied Systems
  • The integrated homeowner rater is weak and takes too much time to put in the info.
  • None of the raters that we use, QuoteRush and Applied Rater, offer exporting capability to EZLynx.
  • Can be a little costly if start adding all the capabilities.
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Usability
Owsy LLC
BHQ is a user friendly, lightweight program that runs anywhere you have internet access! I use it at home, the office, or even at a nearby coffeeshop. It's hard to beat that kind of mobile work lifestyle particularly in the current world climate
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Applied Systems
No answers on this topic
Support Rating
Owsy LLC
It was hit-or-miss in the past but they seem to have taken steps to improve this. As of the past 6 months, they've been pretty quick to patch bugs and fix issues when we report them
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Applied Systems
No answers on this topic
Alternatives Considered
Owsy LLC
When comparing these to BindHQ, without a doubt, it is MUCH easier to navigate through AR and AP modules, applying cash, issuing checks, viewing policies, working remotely (no remote desktop), Gmail features with attaching emails to policies. But the main takeaway with what outshines than any other agency management system out there is the smooth transition from moving from AR to AP modules. You just can’t find that anywhere.
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Applied Systems
Before EZLynx Agency Management, I would go into each carrier site to do the quotes. EZLynx Agency Management saves time, which saves money, by quoting all carriers at once.
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Return on Investment
Owsy LLC
  • Positive - By streamlining our workflow processes it has allowed our production teams to focus more on production and generating more business and not on backend data entry and time wasting functions that we had with previous systems.
  • Positive - Production teams are now able to work together seamlessly on a single account regardless of employee location allowing for remote working to function without any time restraints
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Applied Systems
  • Unfortunately, I can't tell yet on this as I've only had EZLynx for 4 months now but from what I can see is that I will be saving tons of man hours on processing commissions.
  • I'm able to get more intuitive reporting which is a huge plus for marketing.
  • The inept integrated homeowner rater is just so bad we've given up on it which means I've had to spend extra dollars on a homeowner rater.
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ScreenShots

BindHQ Screenshots

Screenshot of BindHQ's to-the-minute reporting dashboard provides owners and managers with the tools and insights to manage their companies to higher profitabilityScreenshot of BindHQ's brokerage workflow manager provides submission tracking to help producers track their submissions and personalize their outreach at scaleScreenshot of BindHQ's intuitive UX and UI makes entering submission data a breeze and its smart automations removes the need for duplicative data entry - giving valuable time back to producers to focus on core revenue generating activities