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.
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