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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InsureBill
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.
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daisyBill
daisyBill is an electronic medical billing platform for workers’ comp treatment.
With a proprietary network of dedicated, secure electronic connections with payers and their clearinghouses, daisyBill ensures that medical bills are instantly routed to the appropriate destinations.
The platform offers a task-based system that tracks the entire lifecycle of each bill, prompting administrative staff through the process of managing requests for authorization, bill submissions, payments, and payment appeals. The platform also includes daisyWizard, which calculates exact reimbursements per the applicable state fee schedules.
daisyBill's mission is to improve injured workers’ access to care by reducing billing friction and making the workers’ comp more financially sustainable for providers.
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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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