Billing and Payments
Premium billing and payments, automated
Invoice, collect and reconcile premium across flexible payment plans - with automated reminders, retries and cancellation-for-non-payment. Card payments built in.
Get paid on time
Automated invoicing, reminders and retries bring cash in without chasing.
Hands-off collections
Dunning and cancel-for-non-payment run to your rules.
Card payments built in
Collect online out of the box.
Get paid, without the chasing
Automate the full billing cycle so cash comes in on time and your team stops reconciling by hand.
What you can do
Get paid without chasing
Invoicing, reminders, retries and cancellation for non-payment all run on schedule without anyone watching them. Cash arrives earlier and your team stops spending its week on collections admin.
Offer the payment terms that win business
Monthly, quarterly or annual plans configured per product, so you can compete on flexibility instead of forcing every customer onto one schedule. Instalments no longer mean manual reconciliation.
Close the month with confidence
Premium, commission and payment records reconcile against the policies that produced them. Aging, write-offs and distribution costs are there whenever finance asks, rather than after a spreadsheet exercise.
Everything your insurance business needs, in one platform
Flexible payment plans
Offer monthly, quarterly or annual schedules, configured per product, so each line bills the way its customers expect.
Automated dunning
Reminders and retries chase overdue premium on the schedule you set, so collections keep running without anyone chasing by hand.
Card payments built in
Take card payments online out of the box, so customers can settle an invoice the moment it is due.
Invoices & statements
Every billing account carries its invoices, statements and aging in one place, so balances reconcile and customers see a clear picture.
Commissions
Track and settle distribution costs across producers and carriers, right alongside billing.
Cancellation controls
Non-payment is handled automatically to your rules, from reminder and retry through to cancellation.
Up and running, fast
Set the plan
Choose a payment schedule per product.
Invoice & collect
Automated billing and card payments.
Reconcile
Aging, retries and write-offs handled.
Collect a monthly premium
A policyholder pays monthly and a payment fails - collections should handle it.
Invoice on schedule
The monthly invoice is raised against the billing account.
Auto-collect & retry
Payment is taken; on failure, dunning reminders and retries kick in.
Resolve
If unpaid, cancellation-for-non-payment follows your configured rules.
Illustrative example built on Openkoda's demo products.
Billing & Payments Solutions for Your Team
Built for finance and operations teams that want reliable, hands-off collections. Billing runs to schedule rather than to somebody's calendar reminder, and premium, commission and payment records reconcile against the policies that produced them.
Questions, answered
What payment schedules are supported?
Is dunning automated?
Can we take card payments?
How are invoices and statements handled?
Does it track commissions?
What happens when a payment fails?
Do we own our billing data, and can we run it ourselves?
Does billing connect to the rest of the policy lifecycle?
See Openkoda in your context
Book a live, personalized demo with our product team - tell us your use case and see the platform work with your data. No commitment.