Oracle Insurance announces the newest release of Oracle RevenueManagement and Billing for Insurance, the latest version of Oraclessystem for billing, payment and collections management.

The release features functionality that helps insurers reducecosts by consolidating billing infrastructure, expand insight intothe billing process, increase revenue opportunities, and improvecustomer service and sales channel support.

Oracle Revenue Management and Billing for Insurance is nowintegrated with Oracle Business Intelligence Publisher. Thisintegration helps insurers generate report templates in real time,providing expanded insight into customer billing and cash flow,thus improving revenue management.

“Today's insurance customers and channel partners are lookingfor more flexible and convenient billing and payment choices,” saysSrini Venkatasantha, vice president, proeuce strategy for OracleInsurance. “Insurers are eager to meet these requirements, but theyare often saddled with outdated and fragmented billing environmentsthat limit their options. Oracle Revenue Management and Billing forInsurance helps insurers manage billing and payments from a single,modern, rules-based solution. This capability helps insurersconsolidate their billing infrastructure to reduce costs, and atthe same time, provide the convenience that customers aredemanding.”