BindExpress Billing is a web-based solution which handles your receivable and billing needs. BindExpress Billing supports a wide variety of pay plans and handles all payment receipt exceptions including short pays, overpayments, and endorsements. All bill plans, taxes, fees, surcharges, and pay-plan charges are easily configured through product configuration. BindExpress billing supports EFT, recurring credit card payments, as well as bulk payments.

Key Strengths:

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• Flexible insurer defined pay plans with table-based configuration setup

• Configurable responses for installment adjustment based on short-pay, over-pay, endorsements, etc.

• Supports electronic insured payments, including recurring credit card and ACH (EFT)

• Provides enhanced controls for capturing batch receipts

• Enhanced Unapplied Cash handling features with direct system refund capabilities

• Supports commission processing on a written, paid, or collected basis

• Users can change payment plan with just a few clicks, effective immediately.

• Collect payments by cash, credit card, EFT, agency sweep – any available method.

• Bill tolerance features reduce “nuisance” clerical work:

  • Small amounts due can automatically roll forward (exceptions for final bill)

  • Auto write-off if the amount due is less than $“X”

  • Roll forward amount due to renewal

• Supports all Commission types, including:

  • Paid basis

  • Written basis

  • Invoiced basis

• A library of canned reports, including multiple reports for:

  • Direct, In-Force, and Advance Premium

  • Accounts Receivable

  • Cash Controls

  • Check Registers

  • Commissions

  • Written Tax, Fees and Surcharges

All reports segregate data by company, important, e.g., to reinsurance auditors and MGA’s who write for multiple markets.