Insurance systems and data firm Insurity announced it has acquired Bill It Now, a cloud-based billing-as-a-service for insurers, managing general agencies and program administrators.
Bill It Now offers payment plan management and policy premium issuance, as well as multi-channel payment solutions and receivable management services.
The acquisition was completed on October 19, 2020. Terms of the acquisition were not disclosed.
Insurity said the deal further enhances its ability to provide comprehensive, end-to-end billing and payment processing within its cloud-based core system solutions.
Bill It Now also has its own billing department that manages all aspects of the payments process including cash flow and customer support. Insurity said these capabilities, combined with its recent acquisitions of Epic-Premier and Virtual MGA, enhance its position in the U.S. and London MGA markets.
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