General Insurance
Insurance Billing and Collection Software
IDIT Billing and Collection Software is an enterprise web-based SOA financial application that manages the full life cycle of premium, fee and tax billing, collection, producer and agent management, and commission management, fully integrated with a variety of 3rd party payment and General Ledger systems.
IDIT Billing and Collection Software
IDIT Billing & Collection is integrated with workflow management and document management, and is configurable by a powerful set of Product Factory wizards governing the various processes which include:
- Installment plans
- Agency & company billing
- Single & multiple installment billing
- Customer account management
- Cancellation process on non-payment of premium
- Non-payment dunning processing & procedures
- Full integration with CRM, document production, workflow & business intelligence
- Full support for returned premiums
- Full support for changes in payment arrangements
- Infrastructure/support for clearinghouse integration
- Payments of claims, commissions and any other type of outgoing payment
IDIT Billing and Collection software provides rule based timely, accurate and cost efficient management of the financial and accounting flows of all participants in the insurance coverage including clients, carriers, producers and agent, brokers and service providers.