Generate transactions and invoices directly from lifecycle actions to reduce manual reconciliation and improve billing accuracy. Price change endorsements generate delta transactions to ensure accurate and consistent billing across milestone, upfront, and term-based billing models.
- Automate Billing with Policy Lifecycle Integration
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. - Process Price Change Endorsements for Milestone Billing
Process mid-term endorsement price changes with automatically generated delta transactions. Keep milestone plans and billing schedules accurate while minimizing manual billing adjustments. - Process Price Change Endorsements for Upfront and Term-Based Billing
Ensure accurate and consistent invoicing for endorsement pricing changes by generating and applying delta transactions based on the billing model. - Changed Connect REST APIs in Digital Insurance
Enhance underwriting process by defining rule-specific details in the request to target precise constraints for insurance product clauses and control how underwriting rules are evaluated.