FINEOS Payments Datasheet
Integrate and Simplify Payments Across Systems FINEOS Payments provides a comprehensive payment and disbursement ...
FINEOS Payments is a powerful benefit calculation and disbursement module that integrates with FINEOS Claims, FINEOS Absence and FINEOS Provider to help ensure accuracy and completeness while significantly reducing administrative costs. When integrated with FINEOS Claims, FINEOS Payments also addresses medical rehabilitation services, inpatient care/invasive surgery, social security advocacy services, and identification of beneficiaries on death benefit claims.
FINEOS Payments processes everything from simple one-off payments (e.g. to beneficiaries on death claims) to complex, long-tail payments that change over time (e.g. disability / income protection claims). It has automated procedures for dealing with offsets, deductions, tax, interest, overpayments and underpayments and it generates detailed audit trails of all financial movements.
FINEOS Payments is integral to the FINEOS AdminSuite – providing a seamless approach to one of the most critical customer engagement touchpoints.
It integrates with:
Integrate and Simplify Payments Across Systems FINEOS Payments provides a comprehensive payment and disbursement ...
Eoin Kirwan, VP Product Management at FINEOS, provides an overview of how the FINEOS Solution handles payments.
About Accident Compensation Corp (ACC) The Accident Compensation Corporation (ACC) is the crown entity set up under ...
A payments software solution like FINEOS Payments is a comprehensive payment and disbursement software solution designed specifically for the Life, Accident and Health insurance market. FINEOS Payments ensures the employee and all beneficiaries receive timely, accurate, and explained payments.
FINEOS Payments management solution has full payment capabilities, easily established payment preferences and uses one payment module that is seamlessly integrated with FINEOS Provider management and FINEOS Claims management.
Payments software solutions provide accuracy and productivity by using comprehensive pre-payment verification, automation of payment transactions, and automated payment calculation. FINEOS Payments increases transparency and reduces errors and reconciliation mistakes.
Payments management software can improve expense management by aligning service contracts to payments, using end-to-end invoicing and payments processing, and providing detailed reporting and end-of-year financial statements.
There are many ways a payments software could be used to simplify claims administration. A payments software solution should support multiple payment types, have death claims beneficiary tracking, rule-based exception routings for payment approvals and automated calculation for taxable benefit payments. FINEOS Payments integrates seamlessly with the FINEOS Claims management solution.
A payments management software solution like FINEOS Payments reduces time spent performing repetitive, but necessary payment reconciliation tasks. Easier recurring payments for customers and fewer payment related service inquiries builds increased confidence and trust with policy holders, carriers and service providers.
A payments software like FINEOS Payments is built on the one of the most technically sophisticated platforms available and is designed for the B2B2C model inherent in the Life, Accident & Health Group, Voluntary and Individual insurance market. It supports the most stringent security and regulatory requirements, and uses preconfigured workflow and case types across the suite.