PRODUCT UPDATES
On-Demand Payout Scheduling on Diesta
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3 min read
A new way to manage insurance payouts
Payouts in insurance are rarely simple. One outgoing payment can represent multiple premium movements, including new business, claims, cancellations and adjustments. Diesta’s new payout scheduling functionality brings those movements into one controlled workflow, helping teams manage what needs to be paid, when it should be paid and how it links back to the underlying insurance transactions.
Built with client feedback at the centre
The functionality was developed in response to clear feedback from clients who wanted better visibility and control over outgoing payment flows. Teams were looking for a way to move beyond spreadsheets, manual status tracking and disconnected banking processes. Diesta’s payout scheduling gives them a structured way to group transactions, schedule payment activity and track progress through to reconciliation.
One payout record, full transparency
At the heart of the feature is the Diesta payout record. This allows multiple linked transactions to be grouped into one payout while preserving the detail behind each item. Finance teams can see which premiums, claims or cancellations are included, how they relate to the outgoing payment and what status each item has reached.
From scheduling to reconciliation
Once a payout is scheduled and the money leaves the account, Diesta reconciles the outgoing bank movement back to the payout record. The linked transactions can then be updated with a payout status, creating a clear and auditable view of what has been paid, reconciled and completed. These statuses can also be shared back to connected systems for downstream consumption.
A step forward for the industry
Payout scheduling is more than a new feature for Diesta. It represents a step forward for an insurance market that is increasingly focused on payment speed, operational control and financial transparency. By bringing scheduling, reconciliation, auditability and downstream reporting into one workflow, Diesta is helping move the industry away from fragmented manual processes and toward modern payment infrastructure built for the complexity of insurance.
