Overview
Riskonnect’s Billing software helps you streamline the insurance payment process to efficiently service your policyholders and agents.
- Automate the insurance billing process from start to finish. Create invoices, identify late payments , and trigger follow-up action.
- Manage transactions from any device. View installment plans, fees, commission payments, and billing transactions from any device
- Get faster, more accurate payments. Amend payment details, waive fees, manage refunds, and handle reinstatements at any point in the billing cycle.
Key Features
Riskonnect Billing provides:
- Installment & Invoice Automation - Calculate, create, and adjust installments automatically throughout a billing lifecycle
- Account & Policy Billing - Bring [SR1]installment creation, financial aggregation, entity information, and related activities into one, centralized location.
- Self-Service Payment Intake - Make self-service payments such as EFT, credit cards, checks, and cash, through a mobile-enabled portal.
- Accounts Receivables and Accounts Payables - Track all incoming payments and provide full reconciliation at both the installment and payment-plan levels
- Process & Report Scheduler - Schedule the execution of processes and distribution of reports based on a workflow event or date
- Payment Plans - Create a hub for all installment activity, including installment creation, financial aggregation, and corresponding entity information.
- Report and Dashboards - Visualize financial details quickly and effectively.
- KPIs, Tasks, and Alerts - Manage all actionable items, delinquency notifications, and alerts from one place.
- Deductible Billing - Process bill-back deductible amounts to the policyholder.
- Commission Billing - Automate commission calculations and multilevel commission plans at both policy and coverage levels.
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Key Benefits
Grow your business with a modern, intuitive solution.
- Riskonnect’s Billing software creates customized payment and installment plans, issues invoices, and sends bill pay notifications with a single click.
Improve cash management and decrease billing leakage.
- Riskonnect’s Billing software gives you instant access to critical information like past due dates for a real-time picture of billing and payment transactions.
Deliver excellent customer service.
- Riskonnect’s Billing software provides accurate insurance billing information to service your customers with confidence and flexibility.
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