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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.

About

InsureBill is a comprehensive billing solution designed to manage the revenue side of insurance enterprises efficiently. It supports single and multiple policy accounts, multiple payers for policies, and non-premium billing, including deductibles, claim payments, recoveries, and subrogation. The system offers a vast selection of features that improve cash flow and generate timely, informative, and seamless reports, enhancing efficiency and productivity. InsureBill is flexible and extraordinarily easy to use, designed for more efficient cycles that increase internal staff productivity and reduce operating costs. It enables a higher volume of transactions to be handled by the same staff with a higher degree of efficiency. As a product that provides the highest degree of scalability and flexibility, InsureBill matches the growing needs of organizations, which is a vitally important factor when evaluating return on investment.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Managing General Agents (MGAs), Insurance Carriers, Risk exchanges and MGA platforms, Finance, operations, and billing teams

Audience

Insurance billing managers requiring a solution to optimize their billing and accounting processes, enhancing operational efficiency

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

No images available

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Functional Finance
United States
functionalfi.com

Company Information

Ebix
Founded: 1976
United States
www.ebix.com/Billing

Alternatives

William

William

Certifi

Alternatives

BindExpress Suite

BindExpress Suite

SpeedBuilder Systems
BindExpress Suite

BindExpress Suite

SpeedBuilder Systems
Diamond Billing

Diamond Billing

Insuresoft

Categories

Categories

Integrations

No info available.

Integrations

No info available.
Claim Functional Finance and update features and information
Claim Functional Finance and update features and information
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Claim InsureBill and update features and information