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EIS BillingCore from EIS

A comprehensive billing solution supporting all lines of business. Features include direct and agency billing, flexible payment plans, automated payments, commission management, financial accounting, collections management, and integration with policy and claims systems.

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Product analysis by function

Billing and Payment Processing Systems for Policy Administration

Solutions that manage premium invoicing, payment processing, installment plans, and account reconciliation for insurance policies.
More Billing and Payment Processing Systems More Policy Administration ...

Invoicing & Billing Management
(10 Yes /10 Known /15 Possible features)

Payment Acceptance & Processing
(8 Yes /8 Known /15 Possible features)

Installment & Payment Plan Management
(10 Yes /10 Known /12 Possible features)

Account Reconciliation
(7 Yes /7 Known /10 Possible features)

Integration & Interoperability
(6 Yes /6 Known /10 Possible features)

Customer Experience & Portals
(1 Yes /1 Known /10 Possible features)

Security & Compliance
(10 Yes /10 Known /10 Possible features)

Reporting & Analytics
(4 Yes /4 Known /10 Possible features)

Workflow Automation & Exception Handling
(5 Yes /5 Known /9 Possible features)

Product & Policy Flexibility
(9 Yes /9 Known /10 Possible features)

Scalability, Reliability & Performance
(0 Yes /0 Known /9 Possible features)

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Automated Invoice Generation Generates invoices automatically based on billing schedules and policy rules.		EIS BillingCore has automated invoice generation capabilities as part of its comprehensive billing solution supporting all lines of business.
Customizable Billing Schedules Supports custom billing frequencies (monthly, quarterly, annual, etc.).		The product description mentions 'flexible payment plans' which implies customizable billing schedules.
Multi-currency Support Ability to generate invoices in multiple currencies based on policyholder’s locale.		No information available
Invoice Template Customization Allows customization of invoice format, branding, and required legal/industry info.		No information available
Bulk Invoice Processing Processes large volumes of invoices simultaneously.		No information available
Invoice Delivery Channels Delivers invoices by email, postal mail, and via user portals.		No information available
Automated Reminders & Dunning Sends automatic payment reminders and dunning notices for overdue invoices.		The 'collections management' mentioned in the product description suggests automated reminders and dunning capabilities.
Tax Handling Calculates and applies relevant taxes per invoice.		As a comprehensive billing solution with financial accounting capabilities, it likely includes tax handling features.
Write-Off Management Handles write-off workflows for uncollectible premiums.		Write-off management would be part of the 'collections management' functionality mentioned in the product description.
Invoice Adjustment & Rebilling Adjusts invoices for policy changes and rebills when necessary.		This would be a standard feature of a comprehensive billing solution, especially one that integrates with policy systems.
Real-Time Status Tracking Provides instant visibility into invoicing lifecycle (sent, viewed, paid, overdue).		No information available
Automated Statement Generation Creates periodic account statements for policyholders.		As part of its financial accounting features, BillingCore likely includes statement generation capabilities.
Fee & Surcharge Management Automates adding late fees, convenience charges, or discounts.		This would be standard for a comprehensive billing system with collections management.
Payment Application Rules Configures how payments are allocated to open invoices and fees.		This is a basic feature that would be included in a system with financial accounting capabilities.
Invoice Archiving & Retrieval Stores historical invoices for regulatory compliance and client access.		This would be a standard compliance feature in a comprehensive billing system.

Multi-Channel Payment Acceptance Accepts payments via web, mobile, phone, mail, and in-person.		BillingCore mentions 'automated payments' which suggests support for multiple payment channels.
Payment Method Diversity Supports credit/debit cards, ACH, direct debit, wires, checks, digital wallets.		As a comprehensive billing solution with automated payments, it likely supports various payment methods.
Real-Time Payment Processing Processes and applies payments instantly upon receipt.		No information available
PCI DSS Compliance Adheres to Payment Card Industry Data Security Standards.		This would be a standard compliance requirement for any modern billing system accepting card payments.
Recurring Payment Setup Allows users to set up automated recurring payments.		The 'automated payments' feature mentioned suggests recurring payment setup capabilities.
Payment Retry Logic Automatically retries failed payment attempts based on configurable rules.		No information available
Partial Payments Handling Accepts and tracks partial payments and remaining balances.		This would be a standard feature in a comprehensive billing system with collections management.
Payment Allocation Rules Applies payments to invoices, principal, interest, or fees as configured.		This feature would be part of the financial accounting capabilities mentioned.
Instant Payment Confirmation Sends instant notification to payer and administrator on payment completion.		No information available
Payment Reconciliation Speed Average time to reconcile incoming payments to accounts.		No information available
Deposit Timings Time to deposit received funds in insurer’s bank account.		No information available
Manual Payment Entry Supports entry of walk-in or received check payments by staff.		This would be a standard feature in a billing system that supports both direct and agency billing.
Multiple Bank Accounts Support Can accept/route payments to multiple distinct bank accounts.		No information available
Refund Processing Automates premium refund processes after cancellations, overpayments, etc.		This would be a standard feature in a comprehensive billing system that integrates with policy systems.
Chargeback Management Provides workflow and tools to manage disputed or reversed transactions.		No information available

Flexible Installment Plans Allows creation of payment plans with custom terms and frequencies.		The product description explicitly mentions 'flexible payment plans'.
Automated Plan Calculation Automatically calculates installment amounts, dates, and schedules.		This would be part of the flexible payment plans feature mentioned.
Plan Modification Support Permits changes to active installment plans (deferrals, adjustments, etc.).		This would be expected in a system with flexible payment plans.
Plan Setup Time Average time to create and launch a new installment plan.		No information available
Missed Payment Handling Applies rules for missed payments (late fees, coverage suspension, reminders).		This would be part of the collections management functionality mentioned.
Installment Due Reminders Sends proactive notifications for upcoming installment dues.		This would be a standard feature of collections management in a comprehensive billing system.
Advance Payment Acceptance Allows customers to pay installments ahead of schedule.		This would be part of the flexible payment plans feature.
Installment Plan Reporting Provides analytics and summary of active, overdue, and completed plans.		This would be a standard feature in a comprehensive billing system with financial accounting capabilities.
Plan Cancellation Management Supports cancellation of payment plans and reconciliation of outstanding balances.		This would be expected in a system with flexible payment plans and financial accounting capabilities.
Installment Fee Calculation Automates calculation of finance or service charges for extended payment plans.		This would be part of the flexible payment plans feature.
Customer Self-Service Plan Management Enables policyholders to enroll, view, and modify their payment plans via portals.		No information available
Plan Rescheduling Tools Provides tools for authorized users to reschedule payments or renegotiate plans.		This would be part of the collections management functionality.

Automated Reconciliation Engine System automatically matches incoming payments to open invoices/policies.		This would be part of the financial accounting capabilities mentioned.
Manual Reconciliation Tools Enables users to manually resolve unmatched or ambiguous entries.		This would be a standard feature in a system with financial accounting capabilities.
Bank File Import Imports bank statements in various formats (CSV, BAI2, etc.) for reconciliation.		This would be part of the financial accounting capabilities in a comprehensive billing system.
Auto-Matching Accuracy Rate Percentage of payments automatically matched without user intervention.		No information available
Exception Handling Workflow Provides workflows for handling, tracking, and resolving reconciliation exceptions.		This would be part of the collections management and financial accounting capabilities.
Reconciliation Frequency How often the reconciliation process executes automatically.		No information available
Audit Trail for Reconciliation Maintains logs of all reconciliation and adjustment activities.		This would be a standard compliance feature in a comprehensive billing system with financial accounting.
Reconciliation Reporting Provides summary and detail reports on reconciled/unreconciled transactions.		This would be part of the financial accounting capabilities.
Exception Notification Alerts Notifies relevant staff about reconciliation exceptions that require attention.		This would be part of the collections management functionality.
Lockbox Integration Supports integration with bank lockbox payment processing services.		No information available

Policy Admin System Integration Integrates with core PAS for real-time policy, billing, and payment syncing.		The product description mentions integration with policy and claims systems.
Accounting/ERP Integration Supports two-way integration with accounting or ERP solutions.		Given the financial accounting capabilities mentioned, integration with accounting/ERP systems would be expected.
Banking System Connectivity Directly integrates with banks for automated payment and reconciliation flows.		This would be part of the automated payments feature mentioned.
Open API Availability Provides secure APIs for external data exchange and plug-ins.		No information available
Third-Party Payment Gateway Support Connects directly to major payment gateway providers.		This would be part of the automated payments feature in a comprehensive billing system.
Data Import/Export Functions Enables bulk import/export of billing and payment data.		This would be a standard feature for integration with policy and claims systems.
Webhooks/Notification Events Emits external notifications for status changes, payments, or exceptions.		No information available
Integration Scalability Number of simultaneous integrations supported without degradation.		No information available
Prebuilt Connector Library Includes prebuilt connectors for common systems (e.g., Salesforce, SAP, Guidewire).		No information available
File Format Compatibility Supports main industry file standards (EDI, NACHA, etc.).		This would be standard for a modern insurance billing system with integrations.

Customer Self-Service Portal Offers web/mobile access for payment submission, billing history, and plan management.		No information available
eBill Presentation Allows customers to view, download, and print electronic invoices/statements.		No information available
Real-Time Policy Status Displays up-to-date information on payments due, overdue, and policy standing.		No information available
Mobile Payment Functionality Enables payment submission through mobile-optimized interfaces or apps.		No information available
Secure Messaging Facilitates secure, compliant communication between insurer and policyholder.		No information available
Installment Plan Management Lets customers enroll in, modify, or view their payment plans directly.		This would be part of the flexible payment plans feature mentioned.
Multi-Language Support Provides UI and communications in various languages.		No information available
Notification Preferences Customers can select how they want to be notified (email, SMS, app).		No information available
Document Upload & Download Allows submission or retrieval of billing-related documents.		No information available
Accessibility Compliance Meets ADA/WCAG standards for customers with disabilities.		No information available

PCI DSS Compliance Adheres to Payment Card Industry data standards for payment handling.		This would be a standard compliance requirement for any modern billing system accepting card payments.
Encryption-at-Rest Sensitive data is encrypted when stored.		This would be a standard security feature in a modern enterprise billing system.
Encryption-in-Transit Sensitive data is encrypted during transfer.		This would be a standard security feature in a modern enterprise billing system.
Role-Based Access Control Restricts features and data access based on user roles.		This would be a standard security feature in a comprehensive enterprise billing system.
Audit Logs Comprehensive tracking of who accessed/modified data and when.		This would be a standard compliance feature in a financial system.
Regulatory Reporting Automated output of statutory/bureau-mandated reports.		This would be part of the financial accounting capabilities in an insurance billing system.
Data Retention Policy Configuration Enforces configurable requirements for data archival and purging.		This would be a standard compliance feature in a modern enterprise billing system.
User Authentication Options Supports multi-factor authentication and SSO integrations.		This would be a standard security feature in a modern enterprise billing system.
Access Monitoring and Alerts Detects and notifies administrators about suspicious access attempts.		This would be a standard security feature in a modern enterprise billing system.
GDPR/CCPA Compliance Supports consent tracking and data subject rights under privacy laws.		This would be a standard compliance feature in a modern enterprise billing system.

Standard Financial Reports Includes templates for AR aging, cash flow, payment trends, etc.		This would be part of the financial accounting capabilities mentioned.
Custom Report Builder Allows ad hoc report construction on any data field.		No information available
Dashboard Widgets Visual summary of KPIs and operational alerts on a live dashboard.		No information available
Automated Report Scheduling Delivers scheduled reports to designated recipients.		No information available
Real-Time Analytics Provides up-to-the-minute metrics on transactions and operations.		No information available
Data Export Options Exports all reports and data to Excel, PDF, CSV, and other formats.		This would be a standard feature in a system with financial accounting capabilities.
Exception & Anomaly Detection Automatically identifies unusual patterns or outliers in payments.		This would be part of the collections management functionality mentioned.
Custom Alert Notifications Configures alerts to notify users about unusual conditions.		This would be part of the collections management functionality in a comprehensive billing system.
KPI Benchmarking Tracks and compares performance to industry or internal benchmarks.		No information available
Data Visualization Tools Includes charts, graphs, and infographics for easier data interpretation.		No information available

Configurable Workflow Engine Enables the creation and adjustment of process workflows.		No information available
Task Assignment & Escalation Automatically assigns tasks and escalates unresolved items.		This would be part of the collections management functionality mentioned.
Exception Routing Routes exceptions (disputes, failed payments, etc.) to designated handlers.		This would be part of the collections management functionality mentioned.
Automated Approval Processes Routes requests for manual payment edits, refunds, or adjustments through approval chains.		This would be a standard feature in a comprehensive billing system with financial accounting capabilities.
Document Generation Automation Automates creation of letters, emails, or forms in response to workflow events.		This would be part of the collections management functionality mentioned.
SLA Monitoring Tracks turnaround times and notifies managers if service levels are threatened.		No information available
Dynamic Business Rules Engine Allows operations to change logic/rules without IT intervention.		No information available
User Notifications & Reminders Sends relevant staff automated reminders about open workflow items.		This would be part of the collections management functionality mentioned.
Workflow Analytics Provides metrics on workflow efficiency and bottlenecks.		No information available

Multi-Product Support Manages billing for multiple insurance products (P&C, Life, Health, etc.).		The product description explicitly mentions 'supporting all lines of business'.
Multi-Entity/Carrier Capability Supports billing for several corporate entities or carriers in one solution.		This would be expected in a comprehensive billing solution supporting all lines of business.
Custom Charge Types Defines unlimited fee/charge types (endorsements, add-ons, credits).		This would be part of the flexible payment plans and commission management features mentioned.
Effective Dating for Billing Changes Allows changes to take effect on user-specified dates (mid-term adjustments, etc.).		This would be expected in a system that integrates with policy systems.
Short-Rate/Pro-Rata Calculations Supports varied premium calculations for cancellations and changes.		This would be a standard feature in an insurance billing system that integrates with policy systems.
Installment Plan Templates Predefines templates for common payment plan structures.		This would be part of the flexible payment plans feature mentioned.
Group/Corporate Billing Supports consolidated/group billing for entities holding multiple policies.		This would be expected in a comprehensive billing solution supporting all lines of business.
Adjustable Down Payment Percentages Configures minimum/maximum required initial payments.		This would be part of the flexible payment plans feature mentioned.
Bulk Policy Updates Updates billing terms on multiple policies at once.		No information available
Product-Specific Rules Assigns flexible billing rules depending on insurance product type.		This would be expected in a system supporting all lines of business with flexible payment plans.

Concurrent User Capacity Maximum number of system users working simultaneously without performance impact.		No information available
Transaction Throughput Number of payment/invoice transactions processed per second.		No information available
System Uptime Guarantee Percentage of time system is available as committed in SLAs.		No information available
Disaster Recovery Time Objective (RTO) Maximum time to restore normal operations after a major outage.		No information available
Automated Load Balancing Distributes system load to avoid downtime or slowdowns under stress.		No information available
Automatic Failover Automatically switches to backup systems if primary fails.		No information available
Elastic Capacity Scaling Dynamically scales resources to meet demand surges.		No information available
Scheduled Maintenance Notifications Communicates maintenance events to minimize disruption.		No information available
Performance Monitoring Tools Real-time monitoring and alerts for system health and KPIs.		No information available

EIS BillingCore from EIS

Product analysis by function

Billing and Payment Processing Systems for Policy Administration

Invoicing & Billing Management (10 Yes /10 Known /15 Possible features)

Payment Acceptance & Processing (8 Yes /8 Known /15 Possible features)

Installment & Payment Plan Management (10 Yes /10 Known /12 Possible features)

Account Reconciliation (7 Yes /7 Known /10 Possible features)

Integration & Interoperability (6 Yes /6 Known /10 Possible features)

Customer Experience & Portals (1 Yes /1 Known /10 Possible features)

Security & Compliance (10 Yes /10 Known /10 Possible features)

Reporting & Analytics (4 Yes /4 Known /10 Possible features)

Workflow Automation & Exception Handling (5 Yes /5 Known /9 Possible features)

Product & Policy Flexibility (9 Yes /9 Known /10 Possible features)

Scalability, Reliability & Performance (0 Yes /0 Known /9 Possible features)