Configuration Module
Beyontec Suite’s Configuration Module allows insurance companies to manage many functions across the Policy Administration, Claims Administration, Billing, Reinsurance, Financial Accounting, and Reports modules. A user-friendly interface allows insurers to configure Beyontec Suite to meet specific needs, without programming or IT intervention. Rating updates, billing parameter modifications, user security revisions, and new product set-up are just a few of the many functions manageable through the Configuration Module.
Module Highlights
Each feature of the module provides the specific functionality needed to support your business – the way you to – giving you the independence and freedom to adapt to market trends and requirements with greater speed and agility.
60+ Configuration Tools
Beyontec Suite provides the configuration tools necessary to manage the changing business needs of insurers.
Ease of Maintenance and Definition
Beyontec Suite’s Configuration Tool allows insurers to modify and retire existing products, amend coverage offerings, implement rate changes, add policy forms, and change workflows using simple to use, user-friendly pages.
No Technical Dependency
Beyontec Suite’s Configuration Module allows business users to configure products based on business needs with little to no dependency on a technical staff.
Authority Based Definition
Beyontec Suite’s Configuration Module allows insurers to control what system functionality is available to agents, brokers, employees, and other users.
Introduce New Rates & Change Existing Rates
Beyontec Suite’s Configuration Module allows insurers to update rating factors and algorithms for existing products. Rates for new products can be easily added using the available Copy and Clone features.
Introduce New Products & Change Existing Products
Beyontec Suite’s Configuration Module allows new products to be introduced quickly. The Copy and Clone features allow attributes from existing products to be “reused,” while effective and expiration dates manage product accessibility.
Excel Uploads (Import & Export Rates)
Beyontec Suite’s Configuration Module provides convenient upload and download functionality through which data such as rating factors, agent and broker information, and client profiles may be imported.
Manage Discounts, Taxes, and Fees
Beyontec Suite’s Configuration Module allows insurers to define and manage product attributes such as discounts, fees, and taxes using simple business rules and parameter definition.
Configure New Business Rules
Beyontec Suite’s Configuration Module allows insurers to change or create business rules without changing application code. Rules can be versioned with effective and expiration dates.
Version Control
Beyontec Suite’s Configuration Module automatically versions all configuration changes. Effective dates for new changes along with the history of all previous configurations are maintained in the system.
Cloning
Beyontec Suite’s Configuration Module allows existing configurations to be duplicated or cloned, saving the insurer time and money.
Security and Password Maintenance
Beyontec Suite’s Configuration Module allows only authenticated users to access modules and functionalities. The system’s strict password maintenance protocols, along with the user administration tool, keep Beyontec Suite secure.
Complete Audit Tracking & History Maintenance
Beyontec Suite’s Configuration Module provides complete traceability by tracking the actions completed within the toolkit. Appropriate user identifications, dates, and time stamps are available for audit and history maintenance.
Optimized for Performance
Beyontec Suite’s pre-configured tools are optimized for performance, taking into account global and market experiences.
Independence and Self Sufficiency
Beyontec Suite’s Configuration Module comes with world-class features and capabilities, allowing insurers the freedom to maintain system functionality and updates.
