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BindExpress Billing is a web-based solution which handles your receivable and billing needs. BindExpress Billing supports a wide variety of pay plans and handles all payment receipt exceptions including short pays, overpayments, and endorsements. All bill plans, taxes, fees, surcharges, and pay-plan charges are easily configured through product configuration. BindExpress billing supports EFT, recurring credit card payments, as well as bulk payments.

Key Strengths:

  • Flexible insurer defined pay plans with table-based configuration setup
  • Configurable responses for installment adjustment based on short-pay, over-pay, endorsements, etc.
  • Supports Electronic insured payments, including recurring credit card and ACH (EFT)
  • Provides enhanced controls for capturing batch receipts
  • Enhanced Unapplied Cash handling features with direct system refund capabilities
  • Supports commission processing on a written, paid, or collected basis
  • Users can change payment plan with just a few clicks, effective immediately.
  • Collect payments by cash, credit card, EFT, agency sweep – any available method.
  • Bill tolerance features reduce “nuisance” clerical work:
    • Small amounts due can automatically roll forward (exceptions for final bill)
    • Auto write-off if the amount due is less than $“X”
    • Roll forward amount due to renewal
  • Supports all Commission types, including:
    • Paid basis
    • Written basis, and
    • Invoiced basis
  • A library of canned reports, including multiple reports for:
    • Direct, In-Force, and Advance Premium
    • Accounts Receivable
    • Cash Controls
    • Check Registers
    • Commissions
    • Written Tax, Fees and Surcharges

All reports segregate data by company, important, e.g., to reinsurance auditors and MGA’s who write for multiple markets.