Fees Direct+

Xchanging has a wealth of operational experience and controls in place to ensure that expert fees are appropriately and accurately handled.

Insurers in the London Market spend more than £1bn a year on fees for third party experts but, until now, they have lacked a true end-to-end service, to manage these fees more efficiently.

Fees Direct+ is a unique, integrated, end to end expert management processing solution for Lloyd’s, Company Bureau, non-Bureau and international insurance market customers.

The service addresses the needs of insurers and the challenges they are facing, delivering:

• online expert instruction
• e-billing
• automated invoice validation
• budget management
• fee agreement and settlement
• a comprehensive management information offering.

Benefits for London market users

Benefits for experts

• Invoices can be submitted directly to Xchanging who will act within agreed timeframes, resulting in quicker payment and improved cashflow
• Visibility of invoice trail
• Reduced complexity in the relationship with insurers

Fees Direct+ brings invoicing into the digital age, making business flow more efficiently across the London Market.

To find out more, contact Zoe Steele to arrange a demonstration.

Fees Direct+ overview

Fees Direct+ Factsheet
Insider Quarterly (Autumn 2012) – Paying the bills
Press release