Core Software
Majesco Billing for P&C – Insurance Billing and Payments Software for Property & Casualty
Powerful, Scalable, and Proven
Billing for P&C is the insurance industry leader in enterprise billing management. This proven, scalable insurance billing and payments software helps insurers address evolving billing and payment demands. Built on a flexible platform, it delivers rapid, measurable business results. The system enhances digital accessibility, providing agents and customers with self-service capabilities for seamless transactions.
All Lines & Bill Types
Billing for P&C supports all P&C lines of business for all bill types including Direct, Customer Account, Agency Statement, Agency Account Current, Wholesale, List/Payroll Deduction, Deductible Billing, with flexible user-defined payment plans. Our insurance billing and payments software for P&C insurance ensures comprehensive coverage and adaptability.
Agile and Extensible
Easily configure Billing for P&C to align with your specific business requirements, maximizing value and adaptability. Stay agile in a dynamic insurance landscape with flexible configurations and pre-integrated insurance billing and payments software solutions. As your business grows, seamlessly scale and integrate new capabilities to maintain a competitive edge.
Multi-Currency Operations
Experience seamless support for multiple currencies, enabling insurance companies to conduct global business effortlessly while ensuring accurate bookkeeping.
Powerful and Proven P&C Solutions
Revolutionize Billing with Advanced and Innovative Capabilities
Embrace the future of billing by swiftly adapting to changing market and customer demands through highly configurable modules, services, and partners.
- Leverage our robust ecosystem of partners to access expanded capabilities, data, and services, empowering your business to thrive.
- Seamlessly set reserves, make payments and recoveries in different currencies, and gain comprehensive visibility into detailed transaction tables in both the system and transaction currency.
- Experience automated processes that provide flexibility and leniency towards fees, late charges, and collections, ensuring smooth operations even in unexpected circumstances.
Secure and Efficient Billing Processes with Advanced Features
Safeguard electronic payments with dynamic behind-the-scenes checks and balances, ensuring secure and efficient control of transactions.
- Seamlessly process ACH and Credit Card payments with frictionless and secure integration using Electronic Bill360 and trusted payment gateways.
- Access real-time billing information and make payments conveniently through our secure Software-as-a-Service (SaaS) portal.
- Offer a variety of payment options, including guest payments, one-time payments, and automatic recurring payments, to cater to diverse customer preferences.
- Efficiently manage flexible commission contracts, track changes, and provide comprehensive details on incentives, commission plans, and timely payments.
Optimizing Business Intelligence and Financial Visibility
Gain quick-to-value and cost-effective business intelligence with pre-configured mapping of metadata, standard reports, and dashboards.
- Access and utilize data more effectively through seamless pre-integration with built in analytics.
- Enhance visibility and generate best-practice reports for trend analysis and market refocusing.
- Improve cash flow and obtain an accurate picture of accounts receivable, with a special focus on addressing problem accounts.
“We are excited to strengthen our partnership with the Majesco team and leverage the advanced analytics tools built in the Intelligent Billing solution. We’ve built a reputation on leading the market and providing customers with next-gen solutions to meet their current and future needs. Access to all our data in real-time will allow us to gain new insights for the business, while empowering us to make quicker and more informed decisions for our customers long-term.”
David Gottschall, Senior Vice President and Chief Quality Officer, Tokio Marine
Featured Resources
Blog
Billing and Payments: Today’s Silent Brand Builders
Mobile phones are a part of us now. Most of our lives are spent within inches of a mobile device. We need them almost like we need food and water. They allow us to run most of the logistics of our life wherever we may be. They allow us to constantly communicate — merging life…
Blog
Using Customer-Directed Motives and Tech to Build Risk Resilience
Is the time right for insurers to make major moves based on new customer sentiments? Using three customer personas, below, we examine a new opportunity in insurance: customer-directed prevention and protection. Each situation gives us insight into how insurers might collaborate with policyholders to reduce risk. Cameron pays attention to all the neighborhood news on…
FAQ
The configuration tools bring a new level of autonomy, flexibility, and speed to the billing management operation. Changes that previously took weeks or months can now be configured and implemented in hours.
With Billing for P&C, carriers can be confident they are supporting innovation that is necessary to not only stay relevant but also reposition them as market leaders who continuously respond to meet customers’ shifting needs when they need it most.
An enterprise billing chassis provides the configurability and flexibility needed to respond to the requirements of innovative new products, services, and payment methods and it answers the need for customer service capabilities that will pay off in customer engagement, loyalty, and retention.
Insurance billing and payments software streamlines financial operations by automating invoicing, payment processing, and reconciliation. It ensures accurate premium collection, reduces administrative overhead, and improves cash flow management for property and casualty insurers.
Billing and payments insurance software should offer flexible payment plans, multi-currency support, real-time transaction tracking, secure integrations with payment gateways, and automated reconciliation. These features enhance operational efficiency and provide a seamless billing experience for P&C policyholders.
