Connect policy lifecycle events, such as Issue, Endorse, Renew, Cancel, and Reinstate, with billing for insurance carriers to automatically generate transactions and invoices. Reduce manual reconciliation, improve billing accuracy, accelerate revenue, and provide a clear billing experience for policyholders.
Where: This change applies to Lightning Experience in Professional, Enterprise, and Unlimited editions of Digital Insurance.
How: From the insurance policy record page, turn the toggle to generate transaction details which is then used to create billing schedules and invoices based on configured billing preferences. You can also trigger these actions using policy lifecycle APIs.