Guidewire Software announced the launch of Guidewire BillingCenter 1.0, a comprehensive billing system for all lines of property/casualty insurance. BillingCenter is a Web-based system of record designed to: make it easier for insurers to manage agent commissions; automate the billing life cycle; design flexible billing, payment, and delinquency plans; and enable rapid integration with external payment systems. Six carriers currently are implementing the system, which is available as a stand-alone system or as part of the Guidewire Insurance Suite. It can be integrated to an insurer's legacy systems or third-party applications.
"Guidewire BillingCenter shares a common platform with our ClaimCenter and PolicyCenter products," says Ken Branson, vice president, development, at Guidewire. "This enabled us to build a relatively mature product in a fast time frame. Working in partnership with our customers, we have been able to build a product that meets their needs. We are pleased by the product's favorable market response."
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