Premium Collection & Receipting

Master the financial complexity of insurance through flexible multi-tender collection engines, automated commission management, and rigorous premium accountability.

Multi-Currency & Multi-Tender Receipting

Operating in Zimbabwe requires extreme financial flexibility. Our Premium Collection module supports native multi-currency invoicing and receipting in both USD and ZiG. Payments can be recorded across multiple tenders—including mobile money (EcoCash), bank transfers, and credit cards—with every transaction immediately generating a ZIMRA-compliant fiscal receipt. This level of financial integrity protects the organization from reconciliation errors and ensures seamless regulatory tax compliance.

"Premium-in-Suspense" management allows for the recording of payments where the final policy allocation is pending, ensuring that every cent entering the organization is accounted for from day one.

Sophisticated Payment & Instalment Plans

Improve client retention and accessibility by offering flexible payment structures. Define and manage complex insurance instalment plans, with automated invoicing triggered on payment due dates. The system monitors payment discipline, flagging overdue accounts for immediate follow-up or automated cover suspension in accordance with policy terms and IPEC regulations.

Automated Intermediary Commission

Eliminate commission disputes with brokers and agents. The system automatically calculates due commission on the receipting of every premium cent, according to the specific commission schedules configured for each intermediary and product class. Comprehensive commission statements are generated monthly, facilitating transparent and rapid reconciliation with your distribution partners.

Native integration with the ERP's Accounts Payable module ensures that authorized commission payments are processed accurately, maintaining strong commercial relationships with your most productive brokers.