Billing

Billing is more than just an invoice.

Billing is one of the most visible interactions you have with your customers. Your insurance billing system should help you create a favorable customer experience, in addition to a positive cash flow.

Fast, flexible, fully-integrated.

Fast.

Timely insurance billing ensures a steady cash flow. With Instec, you can automate workflows to schedule invoices, and define rules to automatically apply incoming payments.

Flexible.

Your customers want choices and so do you. Instec insurance billing software supports direct and agency billing, account billing and statement billing, and lockbox, EFT, or credit card payments.

Integrated.

Your policy administration system already contains client details and renewal dates, so why re-enter that data? Instec Billing Software is fully integrated with our policy management system, so billing is efficient.

Proven.

When it comes to billing software, there’s no “one size fits all”. You need a billing system built for insurance. Instec Billing Software was conceived, developed, and tested by insurers, for insurers.

"Today's insurers and MGAs are focused on business capabilities and time to market, more than pure architecture. Partnering with an innovative carrier like PLM is a really unique way to come to market with billing capabilities."

Karen Furtado Partner | Strategy Meets Action

Karen Furtado

Billing for the full insurance policy lifecycle.

Instec Billing comes with the same flexibility and rapid implementation as our policy management system. Self-configuration allows you to customize the management system to fit your business, and highly-automated workflows reflect a low-touch approach that maximizes efficiency.

Full-Featured Billing Software

Full-Featured Billing Software Instec Billing Software supports a wide range of payment plans, billing methods, and commission options, including direct bill, and the ability to configure installment plans.

Data Accessibility

Data Accessibility Easy access to the insurance data you need to manage your book of business, with numerous reports available out-of-the-box, including receivable aging reports, outstanding balances, and accounts in collection.

Self-Service Configuration

Self-Service Configuration Change payment plans or payment application rules for your custom products and programs, schedule invoices to meet your client’s needs, and add your company logo to generate branded invoices.

Fully Integrated

Fully Integrated Fully integrated with Instec Policy Admin Software, Instec Billing Software supports transactions throughout the policy lifecycle, and like Instec Policy Software, is cloud-based, so no new infrastructure is required.