Functional Finance
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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Sapiens BillingPro
BillingPro is a modern, configurable billing software designed to empower Property & Casualty (P&C) insurers by providing individualized billing experiences through flexible low-code technologies. It offers lifecycle management for all P&C lines of business and billing types, supporting flexible payment plans that can be easily updated. The platform facilitates omni-channel payments and communications, enhancing customer experience. With industry-leading configurability and rules-based functionality, BillingPro streamlines billing operations by automating billing and payment processes, tracking transactions in real-time, and accurately managing fees, including premiums, taxes, commissions, discounts, surcharges, and fees. This automation reduces billing leakage and collection timeframes, improving operational efficiency. Advanced accounting dashboards provide 360° visibility into billing, collection, and payment activities.
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Guidewire ClaimCenter
Guidewire ClaimCenter is a leading claims management system designed to streamline the entire claims lifecycle for property and casualty (P&C) insurers. It offers comprehensive functionality from initial claim intake to resolution, enabling insurers to process claims efficiently and accurately. Key features include automated workflows, embedded analytics, integrated fraud detection, and real-time performance monitoring, all of which enhance operational efficiency and improve customer satisfaction. ClaimCenter supports various lines of insurance, including personal, commercial, and workers' compensation, and can be deployed as a standalone solution or as part of the Guidewire InsuranceSuite. By leveraging ClaimCenter, insurers can accelerate claims processing, make data-driven decisions, and adapt to evolving market demands.
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InsureCert
InsureCert is a cloud-based insurance policy system that is suitable for insurers, managing general agents, and brokers. InsureCert features a centralized system from which users are able to create online stores and manage quotes, collect payments, and issue property & casualty policies. With InsureCert, users are able to build white labeled websites with custom landing pages. InsureCert features a multi-rater and pricing engine, which allows users to create quotes and send invoices to customers seamlessly.
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