Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

EIS offers a contemporary and well-designed billing and invoicing SaaS platform that empowers insurers to manage billing cycles comprehensively across various customer categories and product lines. Discover the capabilities of EIS BillingCore, which is specifically designed for ambitious insurance providers, as it automates essential billing tasks to transform them into standard procedures requiring minimal agent involvement. By facilitating a seamless end-to-end billing process, BillingCore not only enhances operational efficiency and transparency in cash flow for insurance companies, but it also simplifies the payment experience for all involved parties. Whether it integrates with the broader EIS Suite or other core systems for claims and policy management, BillingCore boasts several key features that position it as the premier solution for insurance billing management. Gain complete oversight of billing life cycles across all customer segments and product offerings, while ensuring that each bill adheres to policy stipulations for consistency and compliance. This innovative platform significantly reduces manual effort, allowing insurance teams to focus on delivering exceptional customer service.

Description

Functional Finance serves as the engine for insurance billing and payments, managing the flow of money once a policy decision is finalized. Positioned between the policy management system and the general ledger, it processes policy events such as bindings, endorsements, cancellations, and reinstatements, executing the corresponding financial commitments with precision. The system adeptly oversees billing, invoicing, payment collection, cash application, treasury routing, and the payables for distribution partners, accommodating various models like agency bill, direct bill, installments, and premium financing. Payments are systematically applied at both the policy and line-item levels, ensuring that commissions and remittances remain aligned while maintaining an auditable trail for every transaction. Consequently, this results in a financial operations system that is aware of policy details, replacing the need for manual reconciliation with streamlined and scalable processes that enhance operational efficiency. Ultimately, the integration of these functionalities fosters a more reliable and transparent financial environment within the insurance sector.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

No images available

Integrations

EIS Suite

Integrations

EIS Suite

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

EIS

Founded

2008

Country

United States

Website

www.eisgroup.com/digital-insurance-solutions/billing-management/

Vendor Details

Company Name

Functional Finance

Country

United States

Website

functionalfi.com

Product Features

Product Features

Alternatives

Alternatives

BindExpress Suite Reviews

BindExpress Suite

SpeedBuilder Systems
William Reviews

William

Certifi