GlobeNewswire Inc | Sep 15, 2021 09:00AM EDT

September 15, 2021

Boston, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Duck Creek Technologies (Nasdaq: DCT) announced today that AcordPay, a North American leader in insurance payments technology that provides a suite of payment solutions including ClearPay, a service which enables producers to issue premium payments and to automate reporting to insurers, has joined the providers Partner Ecosystem. An Anywhere Enabled Integration with ClearPay, now available on Duck Creeks Content Exchange, enables insurers to receive premium payments and corresponding reconciliation data and to directly import this into Duck Creek Billing.

ClearPay is integrated into major agency management systems, which gives producers the ability to set amounts payable, payment dates, and the ability to electronically approve payments to insurers without leaving their agency management systems. ClearPay delivers remittance advice directly to Duck Creek Billing, and transfers funds on the required date from the designated bank account of the producer to that of the insurer, both for monthly receivables and for one-time payments.

With AcordPay's ClearPay service, agencies and carriers can benefit from end-to-end payment processing, said Mike Senechal, CEO of AcordPay. This partnership, and this integration, delivers automated payments and reporting between major agency management systems and Duck Creek Billing, making auto-reconciliation a reality, and we are excited to offer the combined power of both systems to our mutual customers.

Duck Creek Billing enables P&C carriers to offer flexible billing and payment choices based on evolving customer needs. Whether offering single pay for a homeowners policy, pay-as-you-go for workers compensation, or a multi-installment plan for commercial policies, Duck Creek Billing provides the tools needed to configure customer-focused, equity-friendly plans. Duck Creek Billing accelerates speed to market, enhances operational effectiveness, and enables carriers to get back to what they do best: selling insurance

This integration eliminates the tedious process for an insurer of manually reconciling all producer payments, while simultaneously reducing handling time and posting errors, saidElizabeth Del Ferro, Vice President of Partner GTM at Duck Creek Technologies. With this assurance of payment from producers, insurers can also improve their ability to forecast cash flows. AcordPay offers a highly valuable service to our mutual customers, and we are delighted to welcome them into our Partner Ecosystem.

About AcordPay:

AcordPay provides a suite of insurance payment solutions for collecting premiums, settling with markets and managing claims and refunds. The company has developed proprietary software and workflows that connect banking infrastructure, credit card processing and core broker and carrier back office systems to service the needs of the $950bn Property & Casualty (P&C) market. To learn more, visit www.acordpay.com.

About Duck Creek Technologies:

Duck Creek Technologies (Nasdaq: DCT) is a leading provider of core system solutions to the P&C and General insurance industry. By accessingDuck Creek OnDemand, the companys enterprise Software-as-a-Service solution, insurance carriers are able to navigate uncertainty and capture market opportunities faster than their competitors. Duck Creeks functionally rich solutions are available on a stand-alone basis or as afull suite, and all are available via Duck Creek OnDemand. For more information, visit duckcreek.com.

Acordpay Media Contact:

Mike Senechal

CEO, AcordPay

mike@acordpay.com

650 954 0458

Duck Creek Media Contact:

Paul RechichiRacepoint Global617-624-3295prechichi@racepointglobal.com

Sam A. ShayDuck Creek Technologies+1 (857) 201-5784sam.shay@duckcreek.com