FINEOS Payments

Where does all the money go?

It’s one thing to wonder about your empty wallet, it’s quite another when you don’t have insight into your claims payment process. 

FINEOS Payments is an advanced solution that provides automatic payment processing, management of your billing and payments processes, comprehensive benefit calculation, and a clear picture of your claims cashflow.

FINEOS Payments offers these key features:

  • Automatic application of rates based on service agreements
  • Management of back-dated or out-of-sequence changes
  • Automation of recurring payments and billing
  • Support for a variety of payment types, including manual and ad hoc
  • Tax and fee calculation
  • Role-based secured actions
  • Extensive validations engine
  • Seamless integration with and support for FINEOS Claims

FINEOS Payments is designed to tightly integrate with your General Ledger and accounting systems.

FINEOS Payments is part of FINEOS’ componentized suite of solutions available for the insurance industry:

  • Life & Health / Pension Insurance (including long-tail claims associated with specialty lines) such as:
    • Disability (long-term, short-term, group, and individual)
    • AD&D
    • Critical illness
    • Dental
  • Property & Casualty / General Insurance including
    • Personal lines
    • Commercial
    • Specialty lines
  • Social Insurance
  • Bancassurance