No more billing headaches. Socotra’s straightforward but powerful billing system keeps your customers happy, provides clear and complete data for reporting, and lets you work with the partners and payment providers that deliver your revenue. It handles every billing event and all possible combinations, managing every common scenario and making the most complex edge cases feel simple. Billing with Socotra is smooth, painless, and—wherever possible—automated.
With Socotra, you can handle all of your billing—including complex scenarios like combined and account billing—through configuration and automation, with full tracking and reconciliation. Socotra allows you to manage all your payment modes, over and under payments, and mismatches. It provides clear review and handling of lapse and reinstatements, reversals, and disbursements.
Plus, all of Socotra Billing is underpinned by the guarantee of financial integrity with a double-entry accounting engine.
Complete: Socotra Billing provides full support for all billing workflows and scenarios.
Mature: Modern transaction design means billing is auditable, reportable, reversible, and verifiable.
Robust: The modular nature of the system means all transactions can be run in any combination or sequence, regardless of the complexity of the user’s needs.
No specialized knowledge or bespoke programming languages required – ANY software developer can configure and implement Socotra right now. Plus, our core platform offers built-in encryption for your customer data and end-to-end platform security, and Socotra maintains ISO 27001 certification and has SOC1 Type 2 certification.
Built from the ground up as a true SaaS platform, Socotra gives our customers the benefits of world-class application architecture.
Create differentiated insurance products quickly and easily, with the full power of the insurance ecosystem at your fingertips for rapid innovation.
Say goodbye to complex custom development and hello to efficiency. Our platform’s open APIs let you focus on delivering exceptional products and services.
Seamless upgrades eliminate business interruptions.
State-of-the-art encryption, access controls, and continuous monitoring.
Multi-tenancy and continuous upgrades with zero downtime.
Effortlessly meet and exceed complex compliance requirements.
Speed your new and updated products to market, streamline workflows, and improve operational response time while reducing total cost of ownership.
Take advantage of our simple configuration, open APIs, and App MarketPlace™ so you can focus on your unique business differentiators.
Recognized by global organizations as an award-winning company and leader in innovation
Test our platform by configuring a usable insurance product you can bring to market on day one.
