This business function provides you with the functions for Collections/Disbursements for insurance companies. This business function offers you complete subledger account, which is fully integrated with the standard application for the G/L, Controlling and Cash Management, and takes over the settlement functions for the calculating insurance systems (policy, claims, benefit, commission and coinsurance systems).
Additional interfaces and integration functions allow efficient data exchange with other insurance applications, as well as with operational and external systems.
The collection/disbursement functions include the following central areas:
· Mapping master data and basic settings for posting, correspondence creation, and so on.
· Processing business transactions, for payment processing, dunning, interest calculation, and so on.
· Broker Collections
· Coinsurance
· Information system
· Integration functions
· Customer-specific enhancement options
The business function also provides general functions, such as archiving, functions for job control and efficient data processing in mass runs.