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About
Capsule is an enrollment and billing software solution designed to enhance product offerings for Third-Party Administrators (TPAs), insurance carriers, and associations. Developed by MPB Solutions LLC, Capsule utilizes the latest tools in software development technology to lead the way in enrollment and consolidated billing and remittance. The system produces client invoices for various insurance premiums based on enrollment data combined with business logic tailored to billing administration needs. It is engineered to be reliable, accurate, and user-friendly. The core code behind Capsule has been operational for nearly seven years, generating over 1,000 invoices monthly and facilitating services for nearly 80,000 employees and dependents, demonstrating its dependability with minimal invoice corrections or downtime. The platform features a new front end designed to significantly reduce user interaction during the monthly billing process.
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About
Functional Finance is the insurance billing and payments engine that governs how money actually moves once a policy decision is made. Sitting between the policy system and the general ledger, FF takes policy events—binds, endorsements, cancellations, reinstatements—and deterministically executes the resulting financial obligations. It handles billing and invoicing, payment collection, cash application, treasury routing, and distribution partner payables across agency bill, direct bill, installments, and premium finance models. Payments are automatically applied at the policy and line-item level, commissions and remittances stay in sync, and every transaction remains auditable over time. The result is a policy-aware flow-of-funds system that replaces manual reconciliation with predictable, scalable financial operations.
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Audience
Employee benefits administrators looking for a solution to streamline their enrollment and billing processes
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Audience
Managing General Agents (MGAs), Insurance Carriers, Risk exchanges and MGA platforms, Finance, operations, and billing teams
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Support
Phone Support
24/7 Live Support
Online
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Support
Phone Support
24/7 Live Support
Online
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API
Offers API
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API
Offers API
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Screenshots and Videos |
Screenshots and VideosNo images available
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Pricing
No information available.
Free Version
Free Trial
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Pricing
No information available.
Free Version
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Webinars
Live Online
In Person
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Training
Documentation
Webinars
Live Online
In Person
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Company InformationCapsule
United States
mpb-solutions.com/home/why-capsule/
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Company InformationFunctional Finance
United States
functionalfi.com
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Categories |
Categories |
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Integrations
Axis LMS
Nectar Desk
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