Billing Set-up
Integrated benefits:
- Invoiced and written premiums.
- Commission due or pro-rata premiums for endorsements, instalments and renewal handling etc.
- Common interfaces are available to handle payment matching, collection assignments and approved payments via transfer mapped to format used by banks all over the globe.
Flexibility benefits:
- Single bill, multiple policies.
- Following up on payments.
- Aging of outstanding premiums by line of business, customer, brokers etc.
- With/out re-insurance.
- History of all policy and proposal versions.