The premium arrives in instalments, and somebody has to chase them

Billing And Credit Control

A policy carries a billing schedule, the schedule carries its instalments, and each instalment has its due date, what was collected against it and its rung on the dunning ladder. Direct bill and agency bill are both handled — on agency bill the intermediary is invoiced for the net. Receivables age themselves, and cancellation for non-payment goes through the ordinary cancellation route.

A schedule of twelve

Invoiced, paid, outstanding and overdue on one page, with each instalment linked to the invoice that billed it.

Ageing buckets

The screen a credit controller actually works from. The bucket boundaries are configuration.

716 receivable lines still owing

Filtered to what is still owed — the chasing list is a screen, not an export.

Instalment plans

Held as percentages and offsets, so one plan serves every premium and the instalments add back to it exactly.