Riskonnect Billing

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.

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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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.