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- On-Line and Interactive: xyCredit
is a complete on-line, interactive credit administration system whose
advanced capabilities completely support life, disability, AD&D,
unemployment, property and ordinary single premium products.
- Function-Rich: xyCredit's
on-line processing provides for:
- Balancing of remittances
- Entry of new certificates
- Completion of all refund calculations with complete validation
- Monitoring and maintaining agents' balances
- Recording receipts and generating disbursement checks
- Maintaining producer contracts, rates, commission tables, liability limits, policy forms, experience refund agreements and reinsurance treaties
- Processing Flexibility:
xyCredit provides for the consolidation of life, disability and P&C
coverages on one certificate by allowing up to four coverages to be
added to each certificate, each with its own term and insurer.
- Extensive Batch Processing:
Large volumes of new issue or cancellation transactions can be added
to xyCredit via electronic media.
- Comprehensive Reporting:
In addition to the customized and ad hoc reporting provided through
Datarray, xyberNET's comprehensive data warehousing solution, xyCredit
provides an array of daily, monthly, annual and on-demand reports detailing
production, accounting, administration, actuary and reinsurance information.
- System Integration:
xyCredit is fully integrated with xyClaim
for claims adjudication and with Datarray for data warehousing functionality.
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