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Billing and Payments Solutions

Enable efficient billing and settlement in insurance operations

Automate your business processes and enable integration with operational insurance systems and back-office applications, such as the general ledger, with SAP software for billing and payments. Our software lets you keep pace with legal and business changes with a state-of-the-art, single-system processing solution. You can completely integrate your processes, rapidly comply with new statutory regulations, and meet customer expectations for billing and payment services.

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Solution Capabilities

Learn about the capabilities of SAP software:

Billing and Collections

Enable efficient billing and collections in insurance operations

Make billing and collections procedures more efficient by automating and bringing together your front- and back-office processes and systems across all lines of business. By fully integrating and centralizing billing and collection activities, our software lets you:

  • Handle payments more accurately
  • Optimize credit control
  • Offer self-service billing and payment options to decrease transactional costs
  • Gain a 360-degree view of every customer
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Disbursements

Reduce transaction costs for outgoing payments

Lower the costs of making outgoing payments by automating and integrating front- and back-office processes and systems. Our software supports a single, unified system to run payment handling, decreasing the need for manual transactions and associated costs. This centralized system enables you to:

  • Offer self-service billing and payment options
  • Reduce transactional costs
  • Gain a full view of your customers while improving customer sentiment
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Insurance Broker Billing

Process reconciliation and payments more accurately

Support the full billing cycle by automating broker report processing and integrating reconciliation activities into sub- and general ledgers and payment processing. Our software facilitates billing activities and helps reduce reimbursement errors and effort. With our software, you can:

  • Shorten reconciliation cycles
  • Increase the accuracy of reconciliation and payments
  • Cut transaction costs and reduce paper-based processes
  • Accelerate cash flow and improve credit control
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Collections and Disbursements for Reinsurers

Centralize collections and disbursements to avoid premiums and revenue loss

Unify and centralize collections and disbursements in a modern technology platform. Full integration with general ledger systems enables non-disruptive, end-to-end business processes that make business process automation possible. With our software, you can:

  • Consolidate collection and disbursement activities and reduce transactional costs
  • Drive accurate payment processing
  • Optimize credit control
  • Improve customer satisfaction
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Reimagine the way you do business with SAP Digital Business Services

The digital economy is having a profound impact on SAP customers and requires a new level of orchestration to evolve your business, unleash full business value, and ensure business continuity. SAP Digital Business Services brings business and IT together to help you reimagine your business using our digital business framework.

Based on over 40 years of experience working with the world’s most progressive organizations and a robust partner ecosystem, SAP Digital Business Services can guide you on the path to innovation and digital transformation, while securing critical business processes.

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Evolve your business by breaking new ground with a trusted adviser who knows you best

Unleash the full business value of your SAP investment and define a clear digital road map to adoption

Ensure business continuity with active guidance, while migrating to next-generation technology 

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Quickly adopt and maintain SAP solutions

Get the support you need to efficiently implement and operate your SAP solutions – and take advantage of new technologies. We offer a range of support services, from foundation level to strategic engagement and co-innovation.

View product documentation

Get a wealth of information – about everything from installation and upgrades to security, integration, and product availability.

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