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Billing and Insurance Accounting
A full-fledged double entry accounting system to manage all policy and claims related financial transactions while also allowing for integration with 3rd party accounting systems.
- The Accounting module is a full-fledged double entry accounting system to manage all policy and claims related financial transactions. The system has insurance transactions related to GL Contra accounts maintained within the system, to manage financial transactions by fiscal year.
- Policy Premium Billing with customizable disbursement structures across all product lines.
- Reminder Notices, Cancellation Notices and Cancellation for non-payment of premium are automated can be triggered on self-defined events.
- Create electronic Journals for all policy transactions.
- Robust Balancing Process across reports and across modules. Policy, claims and accounts are in an integrated single database with data updates occurring in real time, which means reports are drawing data from the same source, eliminating the nightmare of balancing reports across modules and/or external systems.
- Point-in-time Reporting: All reports including month end reports can be run at any time. No restrictions to run a particular report on a particular day. Any report can be run for any past period and results will always be consistent on re-prints.
- The system produces several Month End Reports for Accounting and Balancing.
See just some of the features offered by Xealth
Policy Management
Manage full policy lifecycle of transactions – Risk Rating, Validate, Issue & Policy Changes.
Billing and Insurance Accounting
A full-fledged double entry accounting system to manage all policy and claims related financial transactions while also allowing for integration with 3rd party accounting systems..
Claims Management
Verify Policy cover status in real time. Manage reserves, loss payments & expenses at a claims feature level.
Client Management
A powerful customer service feature. Gain a 360 view of all client engagements across policies claims, group business, and products.
Disbursement Structures
Manage the disbursement of all fees included in each product premium across intermediary commissions, binder fees, re-insurance premiums, policy fees and VAPs.
Robotic Process Automation
Automate all the mundane processes within your organization with RPA. Configure your bot to emulate and integrate the actions of a human interacting within digital systems to execute a business process.
Business Analytics
Analyze your key business performance indicators through standard and customizable BI Dashboards
Policy Holder self-service portal
Policyholders can verify their cover, print policy docs, review claim status, review accounts & make payments.
Security & Compliance
Robust built-in security. Data in Transit is encrypted. OAuth/Single sign-on.
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Claims Processed
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Happy policy holders