Billing Module
Real-Time Control Across Premium Collection, Payments, and Receivables
Streamline Insurance Billing
From Invoice to Reconciliation
ISI Core’s Billing module helps P&C insurers and MGAs manage premium collection, receivables, payment processing, and billing workflows across all lines of business. Deep integration with Policy, Accounting, and Reinsurance modules ensures real-time financial visibility, flexible billing plans, automated workflows, and greater control over cash flow and reconciliation.
Key Capabilities That Strengthen Daily Operations
Flexible Billing Plans for Every Business Model
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Supports direct bill, broker bill, and agency bill for all lines of business.
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Modify billing schedules independently from policy records to streamline mid-term adjustments.
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Configure installment plans, fees, tax logic, and payment rules without IT involvement.
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Manage multi-currency billing and related compliance requirements to support domestic and cross-border operations.
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Use batch billing and reusable templates to simplify setup for renewals and endorsements.
Automated Billing Workflows for Accuracy and Efficiency
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Automate recurring billing and payment tasks, including statement creation and delivery.
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Apply configurable rules to trigger automatic cancellations for non-payment.
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Generate deductible invoices, refunds, and write-offs directly from integrated dashboards.
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Apply account holds or payment exceptions directly from customer or policy screens.
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Simplify reconciliation with built-in approval workflows, exception handling, and support for Excel-based copy-and-paste reconciliations.
Real-Time Financial Oversight and Control
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View billing and payment status instantly at the customer, account, or policy level.
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Connect with Policy, Accounting, and Reinsurance modules to support unified real-time financial reporting.
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Support multiple payment channels including credit card, ACH/EFT, and batch receipts to accelerate postings.
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Automate statement creation, reminders, and delivery to accelerate premium collection and reduce delinquency.
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Export audit-ready data and reconciliation reports for greater transparency, compliance, and financial control.
Make Data-Driven Billing Insights to Guide Decisions
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Use embedded analytics powered by Amazon Quick Sight to monitor receivables, payments, and billing trends.
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Track transaction aging, write-offs, and outstanding balances to forecast and proactively manage cash flows.
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Identify late-payment patterns or delinquency risk to inform underwriting and finance teams.
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Leverage integrated reports to evaluate billing performance and customer payment behavior.
Business Outcomes You’ll Achieve
With ISI Core’s Billing module, insurers and MGAs strengthen financial performance, billing accuracy, and agility through automation and real-time visibility.
- Accelerate collections and shorten billing cycles to improve cash flow.
- Gain enterprise-level financial transparency through unified billing data and dashboards.
- Eliminate manual effort and reconciliation errors with configurable insurance billing workflows.
- Support diverse billing, payment, and distribution models.
- Scale billing operations across products, markets, and regions with greater control and efficiency.
See Other Core Modules
Policy Administration
Enhanced Precision and Team Performance
- Rules-Based Controls for Enhanced Underwriting
- Simplify Workflows for Every Policy Task
- Make Data Driven Decisions Based on a Unified View
- Adapt Quickly to Market Shifts
Claims
Greater Accuracy and Control from First Notice to Final Payment
- Rules-Based and Adaptive Claims Workflows
- Gain Complete Financial Oversight
- Deliver Insight-Driven Decision Making
- Simplify Communications and Documentation
Accounting
Real-Time Financial Control Across Every Entity and Ledger
- Unified Financial Management Across All Modules
- Flexible Configuration and Compliance Support
- Automated Workflows for Accuracy and Efficiency
- Actionable Reporting and Financial Insights
Reinsurance
Enhance Risk Sharing Through Automation and Visibility
- Complete Treaty and Facultative Management
- Seamless Integration Across Every Step and Module
- Automation and Controls That Reduce Risk
- Analytics and Partner Oversight
Policy Administration
Enhanced Precision and Team Performance
- Rules-Based Controls for Enhanced Underwriting
- Simplify Workflows for Every Policy Task
- Make Data Driven Decisions Based on a Unified View
- Adapt Quickly to Market Shifts
Claims
Greater Accuracy and Control from First Notice to Final Payment
- Rules-Based and Adaptive Claims Workflows
- Gain Complete Financial Oversight
- Deliver Insight-Driven Decision Making
- Simplify Communications and Documentation
Accounting
Real-Time Financial Control Across Every Entity and Ledger
- Unified Financial Management Across All Modules
- Flexible Configuration and Compliance Support
- Automated Workflows for Accuracy and Efficiency
- Actionable Reporting and Financial Insights
Reinsurance
Enhance Risk Sharing Through Automation and Visibility
- Complete Treaty and Facultative Management
- Seamless Integration Across Every Step and Module
- Automation and Controls That Reduce Risk
- Analytics and Partner Oversight
Supporting Modules
FAQs
Can ISI Core support our billing models and payment schedules?
Yes. ISI Core supports direct bill, broker bill, agency bill, account current, and list bill. Insurers and MGAs can configure monthly, quarterly, semi-annual, annual, and customized payment plans and installment structures. The module also supports multi-currency billing and related compliance requirements.
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Can we configure billing rules without custom development?
Yes. Billing workflows, late-fee rules, delinquency processes, notifications, and receivables thresholds can be configured by product, distribution channel, or customer segment. Billing schedules, fees, tax logic, and payment rules can also be configured without custom development.
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What billing and collection processes can we automate?
ISI Core supports automated invoicing, payment schedules, installment processing, statement generation, payment reminders, dunning notices, cancellations for non-payment, and billing-related document generation. Grace periods, escalation paths, and communication templates can be configured to align with insurer or MGA policies and regulatory requirements.
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Can ISI Core support online and other payment methods?
Yes. ISI Core supports payment methods that include EFT, credit card, online payments, and batch receipts. Organizations using ISI Core can accept online payments through ISI Portal or an existing digital portal using ISI Connect APIs. Payment status updates flow directly into ISI Core.
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Can we consolidate billing across multiple policies or lines of business?
Yes. ISI Core supports consolidated billing across multiple policies or lines for a single customer. Insurers and MGAs can issue a single invoice and track the related receivables at the account level.
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How does the Billing module connect with accounting and financial reporting?
The Billing module integrates with ISI Core’s Accounting module, allowing billed and collected amounts to post to the general ledger and support financial reporting, reconciliation, and auditability. It also tracks broker commissions, applies configurable rules, and provides reporting to support reconciliation.
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How does the Billing module support regulatory and internal control requirements?
ISI Core aligns with NAIC and IFRS 17 financial compliance standards. The system maintains detailed audit trails, supports required billing and delinquency documentation, and supports financial postings based on regulatory and internal controls.
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Can we begin with the Billing module and add other modules later?
Yes. The Billing module can be implemented on its own or as part of the broader ISI Core suite. It can connect with Policy Administration, Accounting, Claims, and Reinsurance as operational needs evolve.
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