Billing & Payments
Billing that actually adds up
Every penny moves in lockstep with every policy change, just the way it should. Carriers, producers, and policyholders get exactly what they’re owed.
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Turn billing into a business advantage
Each billing event becomes a signal to underwriting, guiding the decisions that strengthen your product offerings.
01
Scale your business with ease
Launch new offerings in days, not months, with seamless billing setup.
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Earn what you write
Ensure revenue is recorded accurately in real time, even as policies change.
01
Build trust through every transaction
Deliver a transparent, frictionless payment experience for producers and policyholders, regardless of billing structure.
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“We don’t need to chase down financials or hunt for information. All the data points are connected, and everything is concise, organized, and readily available. Now Federato is bringing that same experience to the full policy lifecycle.”
Konae C. Mignott
CPCU, AFSB, Chief Operating Officer
CPCU, AFSB, Chief Operating Officer
Feature highlights
Setup with zero slip-ups
One setup, endless policies. Create billing rules, including installments, taxes, commissions, fees, and minimum earned premium with reusable templates across products.
Payments made simple
Every policyholder gets a clean, branded payment experience where they can pay by ACH, credit card, or premium financing.
Reconciliation that never needs you
Whether it’s direct-billed or agent-billed, Federato automatically reconciles payments and commission disbursements in real time. Insurers, producers, and policyholders are always working from the same numbers.
Delinquencies, caught before they start
Automated notifications and configurable grace periods help prevent missed payments, with compliant cancellation workflows when delinquency persists.
69%
of insurance executives report that managing delinquencies, discrepancies, and aging receivables creates material bottlenecks
Capgemini World Report Series 2025
Fully detailed financial reporting
Every transaction is logged in purpose-built sub-ledgers. Tell your finance team they can quit chasing down month-end close numbers and focus on reviewing them instead.
Don’t take our word for it
Everything you need, seamlessly connected
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Frequently asked questions
01
Can Federato manage direct bill and agency bill models for insurers and MGAs?
Yes. Federato Billing supports direct bill and agency bill models for carriers, MGAs, and MGAAs. It automatically calculates premiums, taxes, fees, and commissions, remitting them to carriers or distributing commissions to partners. All billing activities are seamless for policyholders, ensuring accurate collections and a frictionless policy lifecycle experience.
02
How does Federato handle mid-term policy changes like endorsements, cancellations, and renewals?
Federato Billing recalculates premiums, taxes, fees, and commissions automatically for every policy change whether its endorsements, cancellations, renewals, or reinstatements. Installment schedules adjust in real time, return premium is computed where applicable, and all activity is logged with a full audit trail, reducing errors and manual reconciliation across underwriting and finance.
03
Does Federato ensure regulatory compliance and handle multi-jurisdictional taxes?
Yes. Federato Billing calculates taxes, fees, and regulatory charges based on jurisdiction-specific rules and embedded compliance logic. It helps insurers meet state and federal requirements, maintain audit readiness, and achieve accurate financial outcomes.
04
How secure is Federato and its financial data?
Federato Billing uses enterprise-grade security with encryption in transit and at rest, role-based access controls, and audit logging. Policyholder and partner financial data is protected while remaining transparent for regulatory compliance and audit purposes. Security is built into every step of premium collection and policy lifecycle billing.
05
How does Federato automate insurance billing reconciliation?
Federato automatically reconciles payments and commission disbursements across direct bill and agency bill. Because billing and policy administration share the same data foundation, financial activity stays aligned with policy changes, reducing the manual reconciliation required between policy and billing systems.
06
How does Federato manage agent and broker commissions?
Commissions stay connected to policy activity, with changes such as cancellations automatically calculating applicable commission clawbacks. Federato also supports commission allocation and disbursement to distribution partners.
07
How does Federato support insurance billing and financial reporting?
Federato maintains a transaction-level record of billing activity connected to the policy events that generated it. Finance teams can track invoices, payments, receivables, commissions, and other financial activity and produce reporting such as transactional and earnings bordereaux and cash receipts reports. This gives teams greater traceability from financial results back to the underlying policy activity to support month-end close.