INPUT 1 LLC
Cloud-based billing and payment platform for the insurance industry
Company facts
- Founded
- 1984
- Employees
- 225
- Headquarters
- United States
- CEO
- Todd Greenbaum
- Type
- Private
- Funding
- Debt Financing · $1.2M · 2020
- Subsidiaries
- Input 1 Payments, gotoPremiumFinance
About
Input 1's journey began in 1984, initially providing outsourcing services to banks venturing into insurance premium financing. This foundation was built upon an observation by the founder, Todd Greenbaum's grandfather, who transitioned from running an insurance brokerage to establishing a finance company to address the common practice of customers financing their insurance premiums. Todd Greenbaum himself became involved at a young age, programming for the company at 16, and his early contributions were pivotal. Between 1984 and 1989, he pioneered the design of the original receivable tracking system, a system that remains a cornerstone of Input 1's portfolio servicing today. The company marked a significant milestone in 1990 when it launched its first premium finance software platform to the industry. This was followed by a series of innovations, including Quotemaster (QM) in 1992, which expanded software capabilities with private label options, and PremiumFinance Viewer in 1993, allowing agents and brokers to view account details. The evolution continued with Quotemaster for Windows (QMW) in 1995 and Quotes-in-View (QIV) in 2000, which introduced web-based point-of-sale quoting products. A key strategic move occurred in 2001 with the launch of gotoPremiumFinance.com, as Input 1 formed its own premium finance company, thereby expanding its business lines to include Retail Premium Finance. From 2002 to 2006, Input 1 focused on developing software that consolidated quoting and account viewing/servicing into a single, centralized program. The launch of the Premium Billing System (PBS) in 2007 was another pivotal moment, underscoring Input 1's commitment to cutting-edge technology and exceptional service. Further expansion of their service offerings came in 2013 with the establishment of their first Direct Bill program, aimed at streamlining billing and enhancing user experience. More recently, in 2019, Input 1 Payments went live, catering to the insurance industry with single and recurring payment solutions. This consistent innovation and adaptation have propelled Input 1 from a modest enterprise managing $10 million in annual insurance premiums to a prominent organization overseeing $16 billion in annual premiums across its platforms for over two million unique annual users by 2023.