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
Experience rapid and complimentary electronic payments for your business with doxoDIRECT! Become part of the largest bill payment network across the nation. Doxo offers straightforward, secure, and swift bill payment options for your customers on any device they choose. By utilizing doxoDIRECT, both you and your customers will reap the rewards of doxo's user-friendly and mobile-optimized bill payment solution. The setup process for doxoDIRECT is not only quick but also entirely free. Enjoy fast and free direct deposit payments, along with enhanced mobile payment options via Apple Pay and applications for both iOS and Android. Benefit from real-time account validation and seamless reconciliation with no exceptions. With features like overdraft protection, auto-pay, e-billing, IVR capabilities, and a paperless billing option, the service is designed for modern convenience. An online dashboard provides real-time insights into payment details. While many billers offer payment options on their websites, most customers do not visit each biller's site every month, leading to a significant number of payments being made through alternative channels such as mail, bank payments, and cash transactions. Therefore, providers are joining doxoDIRECT to fill this gap and enhance customer engagement while simplifying the payment process. By doing so, they can significantly improve customer satisfaction and streamline their billing practices.
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
Yes
iPad App
Yes
Android App
Yes
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
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Functional Finance
Country
United States
Website
functionalfi.com
Vendor Details
Company Name
doxo
Founded
2008
Country
United States
Website
www.doxo.com
Product Features
Product Features
Accounts Payable
Approval Process Control
No
Bank Reconciliation
No
Cash Management
No
Check Writing
No
Duplicate Payment Alert
No
Fraud Detection
No
General Ledger Entry
No
Vendor Management
No