COMING SOON: OUR BRAND NEW INSURANCE BILLING SOFTWARE- pasBilling.Net!

 

Billing Software for Insurance Companies - pasBilling.Net

As with all the software from Policy Administration Solutions Inc., pasBilling.Net is an online solution that provides data and processes information in real-time allowing you to make informed decisions based on current information. Being fully automated ensures that you can handle a large volume of clients while reducing human error that costs you both time and money. pasBilling.Net can be integrated with other PAS products as part of an end-to-end solution or it can be a standalone solution and integrate within your existing systems landscape.

 

pasBilling.Net is an insurance software solution that allows for fully automated billing, enabling you to manage all aspects of the billing cycle including, agency bill, direct bill, broker-bill, and MGA Payables. With pasBilling.Net you calculate commissions, process & manage installments, manage collection activities, create invoices & statements, and issue checks as needed.

invoice

  • Agency Bill: Automatic generation of statements, aged trial balance and statutory aging reports. Supports multiple pay plans, online real-time application of cash and open item reconciliation. Allows users to pay some, most or all of a statement balance.

  • Direct Bill: Provides automatic calculation of equity date, automatic creation of invoices, user-defined payment plans, and automatic cancellation/reinstatement for non-payment of premium process. Also includes configurable assessment of late, insufficient fund and reinstatement fees, along with online real-time application of cash and open item reconciliation.

  • Commissions: A unique subsystem supports management of commissions receivable and payable between the insurance company or MGA and the agent. Includes production of commission statements, online real-time application of cash, and open item reconciliation.

  • Checks: Checks can be printed in bulk or one at a time per payment. Voids/Stop Payments: Any check can be reversed prior to issuance. After issuance, check voiding and stop payments can be processed.

  • Check Reconciliation: Both manual and automatic bank reconciliation is supported.

  • Payments: Allows payments to be accepted by check, lock-box, ACH, credit or debit card.