Manage the end-to-end agency billing workflow with greater accuracy, automation, and financial control across invoicing, payments, journals, and collections.
- Automate Agency Billing Journals
Strengthen financial accuracy and control by defining accounting periods for each legal entity by maintaining a chart of accounts. Then, automatically generate dual-entry journal entries based on billing transaction types and general ledger assignment rules. - Streamline Cash Flow with Automated Payment Processing
Automate the collection of payments for policy invoices and processing of refunds for policy changes or cancellations. Settle open balances promptly and maintain accurate financial reporting by applying payments directly to policy invoices. - Stay on Top of Overdue Premiums with Collections
Manage overdue invoices and reduce the risk of unpaid premiums with Collections. Easily see outstanding policy invoices, follow up on missed payments, and record payment commitments from policyholders. Automated reminder emails help recover overdue amounts more efficiently and support steady cash flow. - Schedule and Generate Invoices for Insurance Policies
Easily configure billing preferences for insurance policies, including tax and proration policies, in a purpose-built object. Set up invoice schedulers to generate invoices at regular intervals or generate on-demand invoices. - Generate Policy Transactions and Breakdowns
Automatically generate policy transactions and detailed breakdowns to reflect the financial impact of policy events. The transaction breakdown provides a clear view of insurance premium, commissions, taxes, and fees drawn from coverages, insured items, and insured parties. - Effortlessly Configure Billing Settings for Insurance Policies
Simplify the management of insurance policy transactions by using the Billing Setup panel to quickly enable transaction and transaction-detail generation for policy lifecycle events. You can also configure and customise the context mappings that are used to create billing schedules. - Manage Policy Lifecycle Better with Enhanced Versioning
Simplify policy issuance, renewals, endorsements, cancellations, and repurposing with built-in lifecycle actions and complete versioning. Reduce manual rework by automatically creating draft and issued versions for each policy change. Track mid-term changes through endorsements while preserving the full policy history. Help service teams work more efficiently with clear and system-managed policy states. Ensure consistent and reliable handling of policy changes across the entire policy term.