Periodic Billing and Collections
ibits offers a scalable and extensible solution for
companies who offer periodic billing and collection of Insurance Premiums.
This is a complete policy recording and sub ledger accounting system offering
all of the functionality expected of todays agency management
solutions, however with added functionality for:
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Calculation of premiums based on a
payroll calendar
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Unlimited number of
payroll locations per employer group with multiple calendars per payroll
location for multiple salary and wage payment basis
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Automatic deduction (electronically) of consolidated insurance premiums
from target payroll systems
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Payment of nett premiums to underlying insurance
companies based on user
definable terms of trade
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Complete documentation
issuance and tracking system
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Completely browser based allowing you to give secure
access to selected employees and employee group managers. |