SmartBill

Revenue management and billing is a very tedious process in the insurance sector. The existing processes and underlying technology cannot meet the demands of growing data, dynamic requirements and budgetary concerns. A solution that can automate, consolidate and standardize the process is the need of the hour. Currently, a combination of many legacy disparate technology systems and a large workforce is solving this problem. HEXANIKA has built SmartBill precisely to solve these problems.

Challenges

People & Technology

Innovation

Have you been able to leverage innovative technology such as AI & Big Data in cost effective way for revenue management and billing?

Resources

Do you find it difficult to find and sustain resources with expertize of technologies such as AI, Big Data to help you build and maintain solutions?

Technology

Do you find it difficult to migrate from clunky and expensive legacy technologies to easy and less expensive new edge advance technologies? Is your existing system difficult to customize and scale?

Training

Do you find it difficult to keep your resources up to date in a fast and dynamic technology environment?

Cost & Time

Budget

Does budget ever become a constraint to build a customized solution to solve your business problem?

Speed

Do you want to build a custom solution with faster go to market? Have you thought of converting your cost into revenue?

Maintenance

Is maintaining and updating a custom solution a huge business challenge?

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Select Your challenges

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SmartBill – Current RMB (Revenue Management & Billing)

Features

Multithreaded, Big Data (HADOOP) driven Data ingestion

Standardized Data Models for building rules with pre-defined schemas to build external and internal reports

Streamlined Auditability with automated balancing and portable dashboards for analytics

Benefits

4 software applications converted in to 1 software solution

50 % reduction in IT vendor resources

Business user empowerment

How it solves the problem?

Business Outcome

Read how HEXANIKA’s SmartBill solution was used by an US-based Health Insurance Organization to get:

  1. Portable Dashboard
  2. Trend Analytics using Artificial Intelligence – Stop Loss Report
  3. Automated Balancing Of Reports
  4. Business Friendly Data Schemas
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