Billing Management

Product Details

Ravello's web-based Billing Management software is offered as a stand alone application and integrates into Ravello's Policy Administration and Claims Management systems for a complete solution suite.

Highlights of Ravello Billing include:
- Direct/Agency Billing
- Account Billing & drill down capabilities
- Add/Delete Policies from Accounts
- First of Month & Every Day of Month Billing Methodologies
- A/R Aging & Warning System
- Out-of-Sequence Retroactive Billing™
- Commission Management & Reconciliation (Written or Collected Basis)
- Retroactive Installment Billing
- Multi Line/Multi-State Capable
- Link Checks automatically to invoices
- FIFO Invoice retirement
- Underpayment thresholds can be manually set
- Check Posting Transfers
- Overpayments carried forward
- Automatic transactions logs for billing history
- Advanced configurability billing options
- Automated Late Notices & cancellations for non-payment
- Automatic cancellations for non-compliance on wage reports
- Batch payment postings
- NSF check processing, Write-Offs & Billing Adjustments
- Configurable AP/RP rules based on billing cycle
- Fees by State/Line of Business
- Refunds with Billing Managers approval
- Allocation Capabilities
- Line item reversals
- Transfer payments from one account to another
- Multiple Return Premium Options
- Balance carry forward based on threshold levels
- Detailed Billing Activity Reports
- Track inbound checks via USPS (In development)