Billing & Payment Processing

The Stingray Billing module allows companies to define an unlimited number of payment plans. Each billing plan can support the calculation of billing fees and premium amounts due based upon the current policy status including the calculation of future equity dates.

In addition the system is designed to provide complete customer, agent or CSR information about fees, endorsements, cancellations, reinstatements, future bill print dates, payment due dates, cancellation dates, when or if the plan charges late payment fees, and much more.

The Stingray Billing module is based upon company specific rules - so users may create different billing plans for new business or renewals, for policies that have elected to pay by credit card or ACH, for policies above or below a specified premium amount - or any other rules your company utilizes to select which payment plans will be offered to the agent or insured.

Stingray takes care of everything else including: printing the bills on their scheduled print dates sorted by zip code for postage reduction. Additionally, if the optional bar code and image modules are purchased, all documents are saved within the system. The Image module also affords the opton of directly emailing bills to the Insured or other Payee, further reducing postage and mailing costs.

View Maximum Processing profile