With the complexity and proliferation of products and services in today’s insurance sphere, being able to efficiently manage the full billing and collection lifecycle is vital to the financial health of insurers. Automated, digital billing and collection allows organizations to more accurately manage the full range of processes.
Sapiens BillingPro for Property & Casualty (formerly Adaptik Billing) is part of the Sapiens CoreSuite for Property & Casualty. It is an enterprise billing solution from the leaders in configurable, scalable P&C insurance software solutions. It features the flexibility, ease of deployment and highly configurable integrations.
The solution integrates with third-party systems and data repositories with unparalleled speed and ease. It manages billing on an agency, or direct-bill, basis. Automated processes throughout the billing lifecycle including lockbox, allocation, transfers, disbursements, write-offs, disputes and other billing activities.
Sapiens BillingPro for Property & Casualty reduces billing leakage and collection time frames through automated processes to identify uncollected earned premiums. BillingPro combines invoices to reduce costs and leverages equity-based billing to avoid unpaid coverage. It supports multiple currencies with automatic FX gain and loss adjustments, and delivers timely and accurate information through comprehensive reports