We support and stand by Ukraine in its fight for freedom. Exigen Insurance Solutions®, a leading provider of insurance core systems, announced today that BillingCore™ v3.6 is now available. BillingCore™ is a best-of-breed component of Exigen Suite™, an enterprise suite for policy administration, billing and claims management. The enhancements and new functionality added to BillingCore™ in this new release make it the most flexible framework for enterprise billing available in the market today, allowing insurers to maximize opportunities for customer satisfaction and retention through their billing process while controlling premium billing and collections costs.
The core focus of the BillingCore™ v3.6 release is twofold: firstly, to improve the system user experience, resulting in a faster and more satisfying response to customer needs; and secondly, to expose more detailed billing data to improve both risk analysis and process and performer analysis. Powerful workflow and BPM capabilities help drive BillingCore’s continued development. Key 3.6 enhancements include:
- Extended rule-making capabilities
- More flexible payment plans and process automation
- Improved agency and billing management
- Enhanced agent and customer self-service
- Greatly expanded billing analytics and reporting through integration with Dynamic Analytics™, Exigen Suite’s new business intelligence tool
Version 3.6 of BillingCore™ includes the following features:
- Direct and agency billing, including single policy- and account-level billing
- Configurable role-based workspaces for different levels of users
- Flexible payment plans, including mid-term adjustment
- Dynamic installment schedule updating
- Multiple payment options, including EFT, credit cards, and mortgagee billing
- Web presentment of billing options to agents and customers
- Workflow management of work items moving between billing and other enterprise area
- Optional CRM and full integration to separate call center customer service tools
- Business user configurable bill plan rules
- Out-of-the-box and customizable billing reports for audit and control of billing transactions, receivables, and refunds
- Role-based Billing Dashboard and Billing Scorecard function
“Insurers continue to experience significant pain points around their billing operations. With customer service expectations rising, and high customer acquisition costs, they need solutions that create customer loyalty,” said Rowshi Pejooh, vice president of product management at Exigen Insurance Solutions. “In this significant upgrade of BillingCore™, we have worked with our customers and billing experts to develop user-centric enhancements that equip insurers with the all the tools to analyze billing operations and to create flexible billing plans and operations for a frictionless customer experience.”