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
What is the ISI Core Billing module?
ISI Core’s Billing module is insurance billing software that helps P&C insurers and MGAs manage premium collection, invoicing, receivables, payment processing, reconciliation, and billing-related workflows. It operates as part of the broader ISI Core platform, with deep integration across Policy, Accounting, and Reinsurance for unified financial oversight.
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What billing methods does the ISI Core Billing module support?
ISI Core supports direct bill, broker bill, agency bill, account current, and list bill. Insurers and MGAs can configure billing schedules such as monthly, quarterly, semi-annual, or annual, along with customized payment plans and installment structures.
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Can insurers and MGAs configure billing rules by line of business or customer type?
Yes. Insurance billing workflows, late-fee rules, delinquency processes, notifications, and receivables thresholds can be configured by product, distribution channel, or customer segment. Rules are managed through the configuration layer without custom development.
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What billing processes can be automated in ISI Core?
ISI supports automated invoicing, payment schedules, installment processing, statement generation, reminders, dunning notices, cancellations for non-payment, and billing-related document generation. Supported payment methods can include EFT, credit card, online payments, and batch receipts.
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Does ISI Core support automated dunning and payment reminders?
Yes. ISI Core automates payment reminders, missed payment notices, and dunning workflows. Grace periods, escalation paths, and communication templates can be tailored to insurer or MGA policies and regulatory requirements.
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Does ISI Core support online payments?
Yes. ISI Core supports online payments through ISI Portal or an insurer’s existing digital portal via ISI Connect APIs. Integrated payment gateways can process transactions, with payment status updates flowing directly into ISI Core.
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Can the system generate consolidated invoices and account-level summaries?
Yes. ISI supports consolidated billing across multiple policies or lines for a single customer. Carriers or MGAs can issue a single invoice and track all related receivables at the account level.
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How does ISI Core’s Billing module connect with accounting and financial reporting?
The Billing module is fully integrated with ISI Core’s Accounting module, allowing billed and collected amounts to post to the general ledger and support financial reporting, reconciliation, and auditability.
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How does the Billing module support regulatory compliance?
ISI Core aligns with NAIC and IFRS 17 financial compliance standards. The system maintains detailed audit trails, supports required billing and delinquency documentation, and ensures financial postings follow regulatory and internal controls.
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Is broker commission management included?
Yes. ISI Core’s Billing module tracks broker commissions, applies configurable rules, and provides reporting to support reconciliation.
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Can the Billing module be implemented as a standalone component?
Yes. The Billing module can be implemented on its own or as part of the broader ISI Core suite. It can also connect with Policy, Accounting, Claims, and Reinsurance as operational needs evolve.
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Why should insurers and MGAs choose ISI Core for billing management?
ISI Core’s insurance billing module combines flexible insurance billing plans, automated workflows, and real-time financial reporting in a single integrated system. This gives insurers and MGAs greater control over cash flow, reduces manual effort, and provides the visibility needed to manage billing operations confidently across all lines of business.
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