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The Athena Billing module allows companies to create dynamic and functional billing plans including custom accounting based payment plans billing both premium and fees, using equity based or rules based billing logic...
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Billing
Dynamic & Customizable Billing Plans - Multiple Payment Options
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The Athena Billing module allows companies to define an unlimited number of payment plans. Each billing plan can support the calculation of billing fees and premium amounts due based upon the current policy accounting (fees, endorsements, cancellations, reinstatements, etc.), future bill print dates, payment due dates, cancellation dates, when or if the plan charges late payment fees, and much more.
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Each Athena Billing plan can then be selected based upon company specific rules - so you can create different billing plans for new business or renewals, for policies that have elected to pay by credit card or ACH, for policies above or below a specified premium amount - or any other rules your company utilizes to select which payment plans will be offered to the agent or insured.
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The Athena System will then display only those plans that match your company specific criteria. The display can include all of the details for each plan. If there are multiple plans available then agent will be allowed (based again upon your business rules) to select from a list which plan best fits the insured’s needs. Athena takes care of everything else including: printing the bills on their scheduled print dates sorted by zip code for postage reduction and bar-coded and imaged (if document imaging module is present), ready to be inserted into envelopes - OR - the digital image can be emailed directly to the payee!
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The Athena Payment processing module securely ties a 3rd party payment processing gateway to the Athena policy processing and billing system allowing insured’s or agents to pay by ACH, EFT, Credit Card, or Electronic Check. Payments processed through the gateway are processed in real-time so you can collect and verify payments before issuing a policy and/or allow insured’s to pay their bills online. Finally, since both the payment processing and billing modules can communicate with each other if a payment is late or does not clear the billing module can take the necessary actions such as billing a late payment fee, issuing a cancel notice, or notifying your accounting department of a potential problem - all automatically and seamlessly.
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Call us today to schedule a live demonstration of the truly remarkable
capabilities of the Athena Web Based Policy & Claims Processing System.
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