Bridge Billing

Bridge Billing automates the premium billing process, reducing administrative costs and errors, improving cash flow and providing enterprise-wide transparency for invoicing, payments and receivables.

With Bridge Insurance Billing, you can:

  • Automatically generate invoices in PDF format, and send them by email to designated individuals within the assured or broker organization.
  • Manage and track receivables, and drill-down as needed into individual invoices, payments and shipments.
  • Calculate charges and taxes based on specific countries associated with the risk and the assured.
  • Link to external credit card and electronic funds transfer payment systems to facilitate payments by users.
  • Multiple integration options available with internal accounting systems.

Key Insurance Billing Functionality Includes:

  • Automatically generates insurance premium invoices in PDF format, Excel or through an internal accounting system which is then delivered by email based on specific client/policy rules and billing dates.
  • Automatically calculates adjustments for storage and shipment declarations.
  • Records individual insurance  premium bookings and miscellaneous charges.
  • Calculates charges and taxes based on specific countries associated with the risk and the assured.
  • Calculates TRIA premiums and numerous government and internal charges against insurance premiums.
  • Provides billing period reports, including commissions and taxes associated with each policy.
  • Tracks accounts receivable; management system has the ability to query into individual invoices, payments and shipments.
  • Supports Direct Bill and Agency Bill Invoice methods.
  • Produces monthly, quarterly, semi-annually or annually branded invoices for brokers and underwriters for selected policies and present line item details.
  • Choose to record payments against these invoices per line item or on complete invoices.