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Assuralia is the umbrella organisation for Belgian insurers and in that capacity defends the interests of its members and monitors trends and innovations. For several years, Assuralia has been looking closely into several e-invoice products. In recent years, the supply of electronic invoicing, under pressure from customer demand, the advance of new technologies and the availability of new portable devices (smartphone and tablet) has grown significantly.
Within that context, in 2014 the Assuralia Productivity Committee established an action plan considering the digitalisation of documents and procedures within Belgian insurers. One of the projects was realised at the end of 2016: a unique sector-wide multi-channel portal for the digital transmission and payment of premium advice notes. This portal should serve as an interface for receiving premium advice notes in a standardised electronic format, which are then forwarded to the existing environments (PC banking, BilltoBox, etc.) or to an agreed solution (secure email, app, etc.). This particular insurance portal will also offer new digital solutions that take better account of the needs of the policyholder.
The board of directors of Assuralia gave their agreement on the proposal of the Productivity Committee to conclude a sectoral agreement with Banqup, which has developed a solution that meets the requirements listed in the tendering. Since late 2016, the exclusive Memorandum of Understanding is signed between Assuralia and Bnaqup.
We are very pleased to be selected as the exclusive partner for Assuralia
“We are very pleased to be selected as the exclusive partner for Assuralia” Luc Caubergh from Banqup says. “Due to our experience and so-called one-stop-shop approach we can deliver a full range of products and services. From document to successful payment in a click.”
The platform offers many advantages for insurance companies, such as: preferential rates, less need for additional IT-developments (the platform provides a standardised transmission format), better accounting reconciliation, an alternative to rising postage costs, lower storage and handling costs and freedom in the choice of e-invoicing. Additionally, this portal offers a new commercial dimension in the sense that “e-invoicing” can also be beneficial for the overall image of the industry.
About Banqup
Banqup provides a complete technology portfolio for identity management, document processing, robotic accounting and apps with added value. As such, Banqup is a unique one-stop-shop cloud provider for optimising the financial B2B value chain, from order to invoicing and payment, from employment contract to pay slip.
Interesting facts and figures concerning the Banqup group:
Established in 2001, with a proven track record
€26 million in consolidated turnover, predominantly recurrent
230 FTEs in Benelux and Eastern Europe, of whom 70 work in R&D
200 million documents processed per year
Extensive portfolio with customer references in various sectors, from large internationals to various SME communities
Payment institution recognised by the National Bank of Belgium
Information correct as of press release publish date 29th March 2017.