Overview
Billing is no longer a back-office function. Market leaders understand billing is crucial to customer engagement and digital strategies – recognizing the growing demand for new payment methods, billing plans, access to real-time billing information, electronic billing options, let alone on-the-spot adjustments due to unprecedented market shifts. Majesco Billing for P&C, the insurance industry leader in enterprise billing management, is a proven, scalable solution that helps companies address these demands through a flexible platform that provides rapid, quantifiable business results.
Majesco Billing for P&C platform provides rich, broad capabilities with out-of-the-box functionality, content and options that empower companies to rapidly respond to market scenarios and customer demands, all through simple business rule configuration by either business or IT users. The configuration tools bring a new level of autonomy, flexibility and speed to the billing management operation. Changes that previously took weeks or months can now be configured and implemented in hours.
Today’s carriers must critically assess if their billing system can simultaneously handle the expectations of customers and shifts in the market, because what was “working” a week or two ago may not be the case today or tomorrow. Agility and speed make all the difference in customer loyalty. With Majesco Billing for P&C, carriers can be confident they are supporting innovation that is necessary to not only stay relevant but reposition them as market leaders who continuously respond to meet customers’ shifting needs when they need it most.
Majesco Billing for P&C is a part of the market leading Majesco P&C Core Suite that includes policy, billing, and claims. It can be deployed stand-alone or as part of the suite through options including onpremise, hosted or Cloud via Majesco CloudInsurer®.
Key Features
Insurance Billing Platform Capabilities include:
- Support for all bill types
- Compensation management
- Reporting and advanced analytics
- Electronic bill presentment and payment
- Portal and mobile access
- Flexible configuration
- Advanced moratorium support for the unexpected
Key Benefits
- Enhanced digital customer and agent experience
- Cross-selling opportunities
- Support for rapid new product and service launches
- Streamlined billing operations and reduced costs
- Improved cash flow
- Reduced daily sales outstanding
- Innovative EcoSystem capabilities
- Cloud Ready
