Fineos Corp., a core-systems provider to life, accident and health insurers, has launched Fineos Billing, which the company describes as a premium billing and reconciliation management application for group and voluntary insurance that supports all product types and billing models. Fineos said the billing system is a major milestone in the development of the Fineos AdminSuite, which was announced in February.
Fineos Billing offers a modern, best of breed solution that provides insurance carriers with efficient and effective billing operations that are less costly to run, provide improved service to customers and, because of reduced premium leakage, deliver better cash flow and higher profits. Fineos Billing can be implemented standalone or as part of the Fineos component based core product solution, the Fineos AdminSuite. Pre-built integration adapters enable the new system to be easily integrated with multiple policy systems.
“We are delighted to announce Fineos Billing which we believe is the first billing product component designed to be used standalone, integrated to legacy administration platforms or as part of our own modern policy administration suite,” said Michael Kelly, Fineos CEO. “Not only does Fineos Billing deliver efficient and effective billing operations, it also supports organizations’ plans to deliver new products and leverage new distribution channels.”
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