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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:

  • Calculation of premiums based on a payroll calendar
  • Unlimited number of payroll locations per employer group with multiple calendars per payroll location for multiple salary and wage payment basis
  • Automatic deduction (electronically) of consolidated insurance premiums from target payroll systems
  • Payment of nett premiums to underlying insurance companies based on user definable terms of trade
  • Complete documentation issuance and tracking system
  • Completely browser based allowing you to give secure access to selected employees and employee group managers.