StoneRiver Billing Stream™

Does your billing system help or hinder your company’s growth? For some time P&C insurance companies have wanted an advanced, end-to-end, all-lines core processing system that breaks old barriers to transformation. A major tool within the total solution is Billing Stream, a high-performance billing solution that now sets the standard for direct and agency billing.

Bills are the most frequent touch point that carriers have with customers, but not until now has there been a powerful billing solution – with 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:
“There is so much in this solution.”
“The platform makes a lot of sense.”
“Your differentiator is the focus on customer support and service.”

Genesis of 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:

In addition, Billing Stream provides:

Bill types supported include single policy bill, account/multiple policy bill, agency bill, mortgagee bill, payroll deduction, and group/special bill.

Faster, Leaner, Smarter
Many carriers use multiple systems (inherited through acquisitions) that create inefficiency with barriers to data access and duplicate sets of information. These multiple systems also impact your speed to market with new products and frequently lack the billing options your clients expect.

Of key importance in today’s environment, Billing Stream is built to be sustainable – the StoneRiver Stream solution set redefines the core system lifecycle with the debut of the first, truly sustainable system. 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. So Billing Stream is a solution for today … and for years to come.