SOLUTIONS ... for life & pensions functions Payments / Billing Examples of how problems faced by each function within a life insurance company are solved with FIT solutions. Your problem | | ...is solved with the FIT solution: | | | | Collect premium Send payment reminders Send receipts Set payment rules | | Automated payment collection Parameterised system - you define the payment rules - eg. DD or Credit Card collection / rejection; automated / manual | | | | Answer premium questions from client, agent or advisors | | Premium track on the policy screen | | | | Reject payments | | Send letters for rejections – automated | | | | I have three different systems for payment transactions | | Interface to outside systems - eg. LIFEfit tells Credit Card system to collect premium from Bank | | | | What happens if we join the EU / euro? We need different currencies. | | Multi – currency embedded throughout transactions | |