SOLUTIONS

Accounts Receivable Automation Software for Insurance

Streamline your billing process, minimize manual tasks, and enhance cash flow with Invoiced.

Managing insurance billing, claims, and premium collections can be complex and time-consuming. That’s where Invoiced comes in. Our accounts receivable automation is explicitly designed for insurance providers like you.

Invoiced provides insurance providers with an automated accounts receivable solution tailored to meet industry-specific needs. Our platform simplifies billing, enhances accuracy, and ensures faster payments, empowering your business to focus on what matters most—serving your clients.

Discover how Invoiced has helped insurance providers save time, reduce costs, and improve their collections process.

“Invoiced has given us the online presence we needed to provide customer self-service options.”

Jon M., Chief Financial Officer, Dexter Solutions

CHALLENGES & SOLUTIONS

Tackling Insurance Billing Challenges with A/R Solutions

Challenges You Face

Insurance providers face unique challenges when it comes to billing and accounts receivable. The complexity of billing processes and a high volume of invoices can lead to significant delays in payment collection. From premium collections to claims, managing diverse payment methods and ensuring accurate data entry are constant hurdles. These issues can strain resources and affect the overall efficiency of insurance companies’ financial operations.

Managing billing processing within complex policy structures
Ensuring timely collections
Handling policy renewals and cancellations
Maintaining accurate customer records
Integration with other systems

Solutions Invoiced Provides

Invoiced addresses these challenges by offering a comprehensive automated invoicing solution. Our platform reduces manual data entry and minimizes human error, streamlining the billing process. With integrated payment options, insurance providers can effortlessly accept various payment methods, enhancing customer satisfaction. Real-time tracking capabilities allow for better monitoring of claims and payments, while customized workflows ensure the platform fits your specific billing needs. Invoiced helps insurance providers save time, reduce costs, and improve their collections process by automating and optimizing these processes.

Automated invoicing and payment tracking
Payment reminders ensure timely collections
Comprehensive customer records and reporting tools ensure accuracy
Detailed reporting and analytics
ERP integrations, including custom integrations

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Less billing inquiries

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Avg. time to pay improvement

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Team efficiency gains

FEATURES

Powerful Tools Tailored for Insurance Providers

Transform your insurance billing with Invoiced’s features that streamline processes and elevate client satisfaction. Below are some ways our automated system guarantees accuracy and efficiency, freeing you to focus more on supporting your customers.

Automated Billing & Invoicing

Managing policyholder accounts and claims can be complex, but our platform simplifies it all. Automated billing and invoicing ensure that every claim and policy fee is accurately processed and delivered, reducing manual errors and saving valuable time for your team.

Secure Data Handling

Handling sensitive client data is a critical concern in the insurance industry. Invoiced uses advanced security measures to protect all information, ensuring compliance with industry standards and safeguarding your clients' data from unauthorized access.

Payment Processing

Insurance clients prefer various payment methods, from credit cards to ACH transfers. We support direct debit (including ACH, SEPA, Bacs, and more), credit cards, virtual cards, and more, allowing you to offer flexible payment options. This means faster, more secure transactions and happier clients.

Customizable Workflows

Every insurance provider has unique processes for handling claims and billing. Our platform offers customizable workflows that adapt to your specific needs. Tailor the system to match your business operations, ensuring a seamless fit and better efficiency.

Reporting & Analytics

Insurance providers need to stay on top of their financials. With our real-time reporting and analytics, you can instantly monitor payments, outstanding claims, and policy fees. Gain insights into your cash flow and make informed decisions to keep your operations running smoothly.

Customer Payment Portal

Improve your client experience with a dedicated customer portal. Policyholders can easily view and pay invoices online, set up automatic payments for recurring policy fees, and manage their billing information from one convenient platform. This enhances client satisfaction and streamlines your billing process.

Faqs

Accounts Receivable Solution FAQs

What is accounts receivable automation software?

Accounts receivable automation is the process of streamlining invoice-to-cash processes with the help of software. Accounts receivable software helps companies put customer invoicing, payments, and cash application on autopilot, saving them time and money and allowing for greater accuracy and reporting.

Does using Invoiced mean I have to automate my entire A/R process?

No, Invoiced is a versatile accounts receivable software that is customizable to fit your needs. Enjoy the benefits of accounts receivable automation, whether you employ one feature or several.

How is Invoiced’s accounts receivable automation software different from other options available in the market?

No one does accounts receivable automation quite like Invoiced. Automate all aspects of your billing, collections, payments, reporting, and forecasting processes within one customizable platform. Our open API allows for almost unlimited integrations possibilities and sandbox access for user and developmental testing to fit your company’s needs with ease.

Reach out to us today to see how we can help you automate your accounts receivable process.

Does Invoiced’s accounts receivable software integrate with all ERPs?

Yes, Invoiced is compatible with all ERPs that allow integration. Most cloud-based applications can use our API. On-premise applications can use ERP Connect.

Can global businesses use Invoiced’s accounts receivable solutions?

Yes, Invoiced supports international and multi-entity company structures, including the ability to receive payments in multiple currencies using a variety of gateways

Ready to Transform Your Insurance Billing Process?

Experience the power of Invoiced’s automation. Get started today!

case studies

Success Stories with Invoiced Accounts Receivable Software

Invoiced clients that use A/R Automation see their time-to-cash waiting periods shrink dramatically.

See how Customer payment portal Payments

See how A/R Reduction In First 60 Days -11%

See how Reduction in avg time to pay -7 Days

See how Card Payments +150%

See how Productivity Boost +20%

See how Time Savings +70%