Collections and Disbursements


The SAP FS-CD module is an insurance solution specifically designed for the processing of all payment and billing activities of policyholders, agencies, and related third parties. The main components of FS-CD include:

  • Display of consolidated account balance to process requests for policy holders and agents
  • Direct integration with SAP Business Partner (BP)
  • Invoicing of agencies (brokers) and maintenance of the customer hierarchy
  • Premium invoicing of customers with customized payment plans
  • Payment engine to process payment including bank transfer or check
  • Payment engine to process recurring monthly customer payments for outstanding premiums
  • Automatic reminders and passing to collection agencies for overdue accounts
  • Direct interface to SAP FI-GL for posting premium revenue, claims and liabilities
  • Check management to void, reissue or cash checks
  • Automated returns processing functionality for rejected customer payments
  • Automated depreciation functionality for items within an adjustable tolerance
  • External interfaces to banks for processing incoming and outgoing ACH transactions, credit card transactions, payment transactions, check cashing, returns and positive payments
  • External interfaces enabling policy management systems to create billing data for clients and maintain policies
  • Flexible reporting solutions enable seamless access to customer activities
  • Integrated web portal for customers who pay bills online (Biller Direct)