Intelligent, Comprehensive Receivables Management
Does your billing system help or hinder your company’s growth? Bills are the most frequent touch point that carriers have with customers, but not until now has there been a powerful billing solution – with intelligent workflow, a rules engine, and an open design – to take carriers to a new competitive level. Billing Stream can be used with other in-house systems or integrated with other StoneRiver Stream components for policy administration, claims and reinsurance.
Enthusiastic feedback to date from insurance carriers and analysts:
- “There is so much in this solution.”
- “The platform makes a lot of sense.”
- “Your differentiator is the focus on customer support and service.”
Insurance Billing the Way It Needs to Be: Online, Real-Time, Account- and Policy-Level
Carriers still relying on legacy systems for billing need to reconsider their core billing functions. Customer experience now reigns as a critical competitive necessity. Billing Stream delivers online, real-time capabilities for processing billing functions while providing an impressive user experience. Billing features include:
- Both Direct Bill and Agency Bill support
- Receivable processing (including non-premium)
- Cash processing, and much more
In addition, Billing Stream provides:
- Flexible billing and installment plans
- Account and policy level billing
- Full bill cycle processing
Bill types supported include single policy bill, account/multiple policy bill, agency bill, mortgagee bill, payroll deduction, and group/special bill.
Leaner, Faster, Smarter Insurance Billing
Many carriers use multiple billing systems and must deal with the inefficiency and barriers to data access as well as duplicate sets of information. Multiple systems or legacy systems also impact speed to market with new products and frequently lack the billing options your clients expect.
Billing Stream is built to be sustainable, which is of key importance in today's business world. The StoneRiver Stream solution set redefines the core system life cycle with its sustainability and ability to adapt. The business function is not tied to the architectural platform, and the platform supports segregation of technology layers. That means business applications can evolve over time, with a new user interface, new business layer, upgrades to the data layer, and much more. Billing Stream is a solution for today … and for years to come.
