SimpleINSPIRE – Insurance Billing & Accounts
Real Time Availability of Data Across Policy, Billing and Insurance Accounting
Versatile Insurance Billing Options
- Versatile Insurance Billing Function ideally suited for insurance specific Billing and Receivable management.
- The Billing system comes with easily configurable payment plans, which can further be configured by LOB, premium thresholds and by State. It has options for Mortgagee billing and premium finance company billing.
- Generation of bills is automated and can be distributed through many channels, including electronic delivery. Installment schedules auto adjust on premium bearing policy changes.
- Cancel for Non-Pay can be based on Bill-due-date or Equity-date.
- The Insurance Accounting system has a full suite of Accounting functions. The financial account of a policy is maintained independent of policy coverage information, yet tightly linked to policy financial data, to provide transactional view for a fiscal period or policy terms.
- The platform comes integrated with PII Compliant payment gateway options for both in-bound and out-bound payments.
- Payment options include auto-pay and bank lockbox options.
Accounts Receivable and Payable Processing
- The accounting system processes online payments through insurance focused and reputable partner payment gateways, which are fully PII Compliant.
- The SimpleINSPIRE insurance accounting system has the ability to process premium refunds; both by check or refunded back to the original payment source. The system also has the ability to make agency commission payments by check or other secure online payment methods.
- The double entry transaction model creates GL Journals and cash allocation at a very detailed level making it possible to easily create General Ledger Journals to interface to any Company GL system.
SimpleINSPIRE - Core Features
Collaborative Insurance Agent Portal
What Underwriters see is exactly what the Producers See
- Underwriters & Producers Use the Same System
- Automated Agency Commission Processing
Automation for Touchless Insurance Processing
The SimpleINSPIRE platform is very rich in automating insurance processes
- Automation for Policy Touch Free Processing
- How much can you Automate
Integrated BOT - Your AI Assistant
Tara, your AI assistant Bot helps you in many intelligent ways
- Tara knows where you are and who you are
Scalability and Security Compliance
Mitigate Risks from System Limitations in your Insurance processing environment
- High Performance and Scalability
- Security Compliance
Expanding Insurtech Ecosystem
SimpleSolve’s ecosystem approach offers our clients 70+ game changing Insurtech products and services that provide unmatched ability to gain market leadership through innovative products thereby creating sustainable value.Check it out