For Insurers & MGAs
Applied Account Reconciliation
Automate account reconciliations with a single click.
Gain full transparency of broker accounts to accurately project and improve cash flow. Automate insurer statement reconciliation to eliminate time spent manually processing paperwork or rekeying data. Applied Automatic Account Reconciliation™ provides a single point of entry for client, sub agent and company transactions to automate end-to-end process, making the reconciliation task faster, more reliable and more accurate.
- The insurer produces statements and makes them available in the agreed file format
- Statement files are uploaded to Applied Relay® and the Auto Rec process initiates
- The utility provides the facilities to post comments on any transactions not agreed for payment
- The remittance is prepared with all payments and comments in the agreed return format