Ravish Srivastava // April 1, 2022 
(Image credit: Shutterstock.)
Gone are the days when Billing was considered merely a back-office function. Today, insurance carriers must offer multiple pay plans and payment method options during quoting/binding and policy servicing. The commission disbursement process of a billing system plays an important role in agency relations with the Insurance carrier. With the ever-changing payment industry, billing systems have also evolved to support payment processing methods as electronic bill presentment and payment (EBPP).
With insurance carriers now showing an inclination to replace legacy billing systems/manual billing processes with modern billing platforms,