No results found

Your search did not match any results.

Oracle Modern Best Practice for Insurance—Finance

Reduce Days Sales Outstanding and Minimize Delinquency
Reduce Days Sales Outstanding and Minimize Delinquency

Insured Statement to Collection

A truly effective collections process increases both cash flow and insured satisfaction. Your agency can achieve both of these goals while reducing days outstanding. Optimize insured collection processes, leveraging analytic, mobile, and social. Rank the severity of insured delinquencies based on key factors, such as premium, aging, and credit limit. Follow up your collections with a standardized course of action, ensuring rapid and compliant review approvals for dispute resolution. Use industry metrics to recognize high-risk insureds and address issues before they go to delinquency.


Generate Customer Statements
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Generate Insured Statements

Send insured policy invoices or consolidated policy packets via preferred format and delivery method (mail, email, app notification, or ecommerce message).


Apply Collection Strategies
Mobile. Analytics. icon Mobile. Analytics.

Apply Collection Strategies

Automatically flag and score delinquencies based on factors, such as premium, aging, percentage outstanding, and credit limit. Assign a course of action, such as friendly reminder, staged dunning, and phone call based on business needs, policies, and statutory requirements (if applicable).



Manage Collection Activities
Mobile. Social. icon Mobile. Social.

Manage Collection Activities

Gain complete visibility into transactions, correspondence, payments, disputes, and adjustments via role-based dashboards. Organize related delinquencies with the case folder and record insured interactions at the insured, delinquency, or case level.


Manage Settlement
Mobile. Social. icon Mobile. Social.

Manage Settlement

Initiate disputes on behalf of the insured for review and approval within and across departments. Receive payments at the delinquency or case level.




Optimize Collection Efficiency
Mobile. Analytics. icon Mobile. Analytics.

Optimize Collection Efficiency

Manage collection team assignment based on performance metrics and key performance indicators (KPIs). Automatically assign new insured delinquencies to agents.


Monitor Outstanding Receivables
Mobile. Analytics. icon Mobile. Analytics. Internet of Things.

Monitor Outstanding Receivables

Leverage advanced analytics to monitor key metrics, such as days sales outstanding (DSO), promises, and collection effectivity, over multiple dimensions and hierarchies, such as time, location, and insured.




Get Started