RAVELLO
SOLUTIONS BILLING
Ravello
Billing is a logical extension of the power of Ravello Policy and Claims. The
entire billing process is seamlessly integrated into our Policy and Claims
modules so that all data is accessible in real-time and presented in the same
user-friendly Ravello interface.
Our
system is extremely robust based upon modern architecture and highly configurable
because of our advanced rules engine and configuration tools.
Highlights
of Ravello Billing include:
- Direct Billing
- Account Billing
- Account Billing
drill down capabilities
- Adding and Deleting
Policies from Accounts
- Agency Billing
- First of Month and
Every Day of Month Billing Methodologies
- Account Receivable
Aging and Warning System
- Out-of-Sequence
Retroactive Billing™
- Commission
Management and Reconciliation (Written or Collected Basis)
- Multi Line / Multi State Capable
- Checks are
automatically linked to invoices
- FIFO Invoice
retirement
- Underpayment
thresholds can be manually set
- Check Posting
Transfers
- Overpayments are
carried forward
- Automatic logging
of transactions for billing history
- Advanced
configurability of billing options
- Automated Late
Notices
- Automatic
cancellations for non-payment
- Automatic
cancellations for non-compliance on wage reports
- NSF check processing
- Configurable AP/RP
rules based on billing cycle
- Fees by State and Line of Business
- Refunds with
Billing Managers approval
- Write-Offs
- Billing adjustments
- Line item reversals
- Transfer of
payments from one account to another
- Multiple Return
Premium Options
- Audit premium
netting on renewals
- Balance carry
forward based on threshold levels
- Detailed Billing
activity Reports
- Tracking of in
bound checks via USPS (In development, 4th Quarter 2008)
Learn more about our company's
solutions
