Andesa Financial Administration System (AFAS)
Comprehensive, integrated policy administration, plan administration and support solutions.
Overview
Andesa's Financial Administration System (AFAS) provides full turnkey processing and calculation for a client's block of business, supporting both open and closed portfolios. The system handles new business capture and issue, financial and non-financial transactions, billing, death claims, and all requisite data for downstream reporting.
✨ Key Features
- Turnkey processing for open and closed portfolios
- New business capture and issue
- Financial and non-financial transaction processing
- Billing and death claims processing
- Support for a wide range of life and annuity products
- SSAE 16 SOC 1 Type II and SOC 2 Type I compliant
🎯 Key Differentiators
- Focus on both policy and plan administration
- Strong security and compliance (SSAE 16 certified)
- Fee-based model as an alternative to commission-based
Unique Value: Andesa offers a comprehensive and secure solution for both policy and plan administration, with a strong focus on handling complex products and ensuring regulatory compliance.
🎯 Use Cases (4)
🏆 Alternatives
Andesa's integrated approach to both policy and plan administration, combined with its strong security credentials, sets it apart from competitors that may only focus on one aspect of administration.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
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