Accenture and SAP America Inc. have announced the launch of a software application targeted at insurance billing and payments management for midsize insurance companies. The latest software is comprised of business content and hardware and software platforms developed by Accenture. These have been merged with SAP’s insurance billing and payments software application called SAP Insurance Collections and Disbursements. This “preconfigured” solution can reduce the number of days it takes insurers to implement and configure new billing and payments management system by an average of 30 percent to 50 percent, according to Accenture and SAP executives. The executives also said the software will help midsize carriers improve their cash flows and increase the working capital available to them.

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