Billing in Advanced Product Designer
Advanced Product Designer Billing defines line-level and coverage costs so pricing details flow consistently into PolicyCenter submissions and downstream billing systems. Billing setup also maps APD charge terminology to PolicyCenter pricing concepts.
The Billing screen defines line-level and coverage costs as part of
the insurance product. You can call out breakdowns within charges while keeping premiums
and taxes as separate charges. This information appears on the
Pricing screens when a user creates a submission in
PolicyCenter and is provided to the billing system if one is available. APD App uses
different terminology from PolicyCenter.
| PolicyCenter term | APD term |
|---|---|
| Pricing | Billing |
| Cost code | Cost code |
| Debt type | Charge type |
| Separate collection | Separate charge (listed as a separate charge per iteration, allowing it to be paid or collected on separately) |
| Itemized for billing | Separate breakdown (listed as a separate line item in the charge breakdown to give more detail) |
| Manual pricing | Manual pricing |