- Invoiced and written premiums: IPM-solution can automatically generate invoices for your policies. You can also manually create invoices as needed.
- Commission: IPM-solution can track commission due and generate reports on commission payments.
- Pro-rata premiums for endorsements, instalments, and renewal handling: IPM-solution can calculate pro-rata premiums for endorsements, instalments, and renewal handling.
- Common interfaces for payment matching, collection assignments, and approved payments via transfer: IPM-solution can integrate with your existing payment systems to automate the payment matching, collection assignments, and approved payments via transfer.
- Single bill, multiple policies: IPM-solution can generate a single bill for multiple policies, or a separate bill for each policy.
- Following up on payments: IPM-solution can track payments and send reminders to customers who are overdue. This can help you improve your cash flow and reduce the risk of bad debt.
- Aging of outstanding premiums: IPM-solution can track the age of outstanding premiums by line of business, customer, broker, etc. This can help you identify customers who are at risk of defaulting on their payments.
- With or without reinsurance: IPM-solution can handle billing for policies with or without reinsurance. This gives you the flexibility to choose the billing method that best suits your needs.
- History of all policy and proposal versions: IPM-solution keeps a history of all policy and proposal versions. This allows you to track changes to policies and proposals over time.