Search
 

Ravello Releases New Billing Solution

Ravello Solutions, a provider of insurance software, has announced the release of Ravello Billing, which offers the insurance industry an end-to-end billing solution.Built on a flexible,

By Staff Writer | Updated on September 25, 2008

Ravello Solutions, a provider of insurance software, has announced the release of Ravello Billing, which offers the insurance industry an end-to-end billing solution.Built on a flexible, standards-based architecture, Ravello Billing is an extension of Ravello Policy and Claims. While the system can be purchased and implemented on a stand-alone basis, the entire billing process is seamlessly integrated into the Ravello Policy and Claims modules. This assures all aspects of a policy’s life-cycle and billing events are tracked and logged.

A feature of Ravello Billing is the ability to change billing options quickly. Authorized billing personnel can modify billing configurations in real time. The system can handle out-of-sequence retroactive billing, which allows insurance companies to collect earned premium on out-of-sequence endorsements. This ensures all earned premium is billed and collected, preventing insurance companies from having to report earned and uncollected premium to regulators.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.