Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Functional Finance serves as the engine for insurance billing and payments, managing the flow of money once a policy decision is finalized. Positioned between the policy management system and the general ledger, it processes policy events such as bindings, endorsements, cancellations, and reinstatements, executing the corresponding financial commitments with precision. The system adeptly oversees billing, invoicing, payment collection, cash application, treasury routing, and the payables for distribution partners, accommodating various models like agency bill, direct bill, installments, and premium financing. Payments are systematically applied at both the policy and line-item levels, ensuring that commissions and remittances remain aligned while maintaining an auditable trail for every transaction. Consequently, this results in a financial operations system that is aware of policy details, replacing the need for manual reconciliation with streamlined and scalable processes that enhance operational efficiency. Ultimately, the integration of these functionalities fosters a more reliable and transparent financial environment within the insurance sector.
Description
RoutEX™/400 is tailored for IBM Mid Range Computer Systems, encompassing platforms like the IBM AS/400, IBM System i, and IBM i Series. First introduced in 1980, this software has undergone constant enhancements to stay aligned with technological advancements. Developed in the RPG programming language, it operates on IBM’s proprietary operating systems. This solution caters to large enterprises managing 50 or more truck routes across various locations. RoutEX™ provides specialized functionalities that cater to each distinct industry segment. For instance, certain application features pertinent to the Dairy sector may not be relevant to companies in the Soft Drink and Bottled Water industries. During the system setup, users specify their company's industry, allowing the software to present only the relevant industry functions. With a focus on the unique demands and standards of the Route Distribution sector, RoutEX™ is committed to delivering tailored solutions that enhance operational efficiency. This adaptability ensures that clients can optimize their distribution processes effectively.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
Yes
Vendor Details
Company Name
Functional Finance
Country
United States
Website
functionalfi.com
Vendor Details
Company Name
Garman Routing Systems
Website
www.garmanrouting.com
Product Features
Product Features
Food Service Distribution
Costing
No
Customer Management
No
Import / Export Management
No
Inventory Management
Yes
Lot Tracking
No
Order Management
Yes
Picking & Routing
Yes
Purchasing
Yes
Quotes / Estimates
No
Traceability
No
Vendor Management
Yes
Warehouse Management
No