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Applied Automatic Account Reconciliation

​​One click and your insurer accounts are automatically reconciled

  • Full transparency of broker accounts
  • Accurate cash projections and improved cash flow

One of the most time-consuming exercises carried out by brokers is the month-end company reconciliation. This manual process consumes your most precious resource – time. Applied Automatic Account Reconciliation is a cost and time-saving solution that follows an automated end-to-end process, making the reconciliation task faster, more reliable and more accurate:

  1. The insurer produces statements and makes them available in the agreed file format
  2. Statement files are uploaded to Applied Relay and the Auto Rec process initiates
  3. The utility provides the facilities to post comments on any transactions not agreed for payment
  4. The remittance is prepared with all payments and comments in the agreed return format

Applied Automatic Account Reconciliation provides your business:

  • Daily cashbook and cash allocation analysis
  • Single entry for client, sub agent and company transactions
  • Automatic insurer statement reconciliation
  • Client premium account tracker
  • Reduced re-keying of transactions

Automatic Account Reconciliation Resources

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Applied Relay Auto Rec

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Applied is ready to help you learn more about leveraging advanced insurance software and solutions to build a better insurance business.