Billing & Collection
Cost-efficient management of P&C financial accounting
Sapiens IDIT Billing & Collection enables Property and Casualty/General Insurance carriers, MGAs and brokers to manage the full lifecycle of premium services, taxes and fees, along with commission billing, collection and disbursements.
Available as a standalone system or as part of the IDIT Suite, our insurance billing software solution supports all personal, commercial and specialty insurance products. It ensures that premiums are collected, claims payments are made, and agent commission payments and receipts are managed accurately and swiftly. Workflow and document management are integrated and configurable via a powerful set of product factory wizards that offer full governance of the billing processes.
Sapiens IDIT Billing & Collection will enable you to:
Provide a better experience
Our dashboard offers account-centric views for agents and customers, including the ability to drill-down to important details for all billing activities
Be more flexible
Sapiens IDIT Billing & Collection features full support for flexible payment plans, including preset and custom installment plans, as well as the ability to change payment arrangements as required
Manage more accurately
Track all billing items at the detail level to more accurately manage premiums, commissions, taxes, discounts, surcharges, fees and claim payments for all interested parties, down to the coverage level