Oracle released the latest version of Oracle Insurance Revenue Management and Billing 2.2.4, a rules-based system that enables insurers to manage billing, payments and collections using a single solution. This updated version enables insurers to automate group and list bill reconciliation to help cut processing costs, improve productivity, and reduce revenue leakage with improved reconciliation accuracy.
Oracle says the new release supports group and list bill capabilities for all lines of business, including life, P&C and health. Insurers can prepare consolidated invoices – covering multiple policies and lines of business – that are convenient for customers and provide great detail, helping improve customer satisfaction.
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