Guidewire Software has introduced Guidewire BillingCenter 1.0, a billing system for all lines of property and casualty insurance designed to help insurance companies enhance customer retention and, ultimately, improve their bottom line.
Guidewire BillingCenter 1.0 is a 100% web-based system of record designed to make it easier for insurers to manage agent commissions, automate the billing lifecycle, design flexible billing, payment and delinquency plans, and enable rapid integration with external payment systems.
It is available as a standalone system or as part of the Guidewire Insurance Suite, and 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. This enabled us to build a relatively mature product in a fast timeframe, commented Ken Branson, vice president of development at Guidewire. 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.
Six insurances firms are currently implementing BillingCenter.