Oracle Releases New Insurance Solutions

Oracle Insurance announces the newest release of Oracle Revenue Management and Billing for Insurance, the latest version of Oracles system for billing, payment and collections management.

The release features functionality that helps insurers reduce costs by consolidating billing infrastructure, expand insight into the billing process, increase revenue opportunities, and improve customer service and sales channel support.

Oracle Revenue Management and Billing for Insurance is now integrated with Oracle Business Intelligence Publisher.  This integration 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 looking for more flexible and convenient billing and payment choices,” says Srini Venkatasantha, vice president, proeuce strategy for Oracle Insurance. “Insurers are eager to meet these requirements, but they are often saddled with outdated and fragmented billing environments that limit their options. Oracle Revenue Management and Billing for Insurance helps insurers manage billing and payments from a single, modern, rules-based solution. This capability helps insurers consolidate their billing infrastructure to reduce costs, and at the same time, provide the convenience that customers are demanding.”