For an insurance agency to maintain an efficient business model, streamlined and improved cash-flow is critical, as is the requirement to present cohesive, precise, and timely bills to insurance carriers. Inaccurate and incompetent invoicing and accounts receivable methods not only lead to delinquency, but in certain cases, also lead to accrued bad debt.
Insurance brokers, therefore, require a partner who can effortlessly handle their billing and account receivable system so that they can focus on improving their customer service levels and revenue inflow. At Flatworld Solutions, we have over 17 years of experience in providing efficient and cost-effective insurance services to our clients. Our in-depth services for insurance billing and generating accounts receivable invoices enables our clients to painlessly deal with crucial financial functions which impact cash flow, and maintain a strong business model.
From completely accurate and efficient invoicing, to sending insurance payments reminders, receiving payments and recording them, maintaining and cataloging accounts receivable invoices, and extensively reporting on account activity, we ensure exceptional satisfaction and cost-savings for our global insurance clients.
We have provided enterprise-wide services for invoicing and streamlining account receivables to insurance agencies all over the globe, and have enabled them to take direct control of their expense ratios, payment collections and insurance premium accounting. Our comprehensive range of end-to-end business solutions for insurance agencies include the following -
With an experience of over a decade in providing specialized insurance services, we have a dedicated procedure set in place for handling accounts receivable and reporting services for our clients. Some of the highlights of the procedure we follow are -
Sending reminders and constant follow-ups for timely collection of payments
Receiving and recording payments
Checking if the premium installment on the insurance policy has been set up as per customer request
Reconciliation of accounts receivable and reporting
Maintaining archives as per the needs of our clients
At Flatworld Solutions, we believe in providing you with the best-in-class value for your investment. With our strict adherence to industry best practices and expertise in project management, we understand the importance of using leading-edge software to provide accurate and dependable results. At the same time, we have comprehensive measures in place to protect the confidentiality and privacy of our client's insurance data.
Our insurance accounting professionals are expert at handling the following finance and accounting software -
At the same time, our insurance process experts can also help in strategically integrating the above software with major global financial systems such as -
By providing you with a cohesive and cost-efficient billing and accounts receivable system, as well as dedicated resources with vast experience in the insurance field, we assure you a streamlined reconciliation of your accounts receivable and reporting activities amongst other tangible benefits such as -
For over a decade, we have delivered tangible results to global insurance businesses, ensuring a level of certainty and resourcefulness very few can match. We understand your insurance process outsourcing requirements, and design an inbound and outbound plan for managing your receivables and invoices based on your customer relationship strategy.
Contact us now to know more about our Billing and Accounts Receivable System and avail of the unique advantages only we can bring to the table.