Reconciling carrier commissions and payable statements has long been one of the most manual and time-consuming tasks for agency finance teams. Statements arrive in every format imaginable – PDFs, spreadsheets, CSVs, even paper – often containing thousands of records. The result: hours lost each week to collecting, processing, and reconciling transactions, or costly outsourcing and third-party tools that add complexity instead of removing it.
Applied Recon™ changes that. As the industry’s only AI-powered reconciliation solution built directly into Applied Epic®, Applied Recon consolidates accounting workflows into a single, secure system. Upload carrier statements in any format, and Applied Recon automatically extracts, matches, and reconciles transactions with speed and accuracy. By eliminating redundant tools and manual effort, Applied Recon delivers faster closes, greater accuracy, and unmatched efficiency so finance teams can focus less on paperwork and more on profitability.
Key Benefits
AI-powered extraction and matching cut out hours of manual work each week, speeding up reconciliation of carrier commissions and agency payables so everyone gets paid faster.
Advanced matching and AI-driven cleansing reduce errors and duplicates, ensuring accurate, reliable reporting for producers, carriers, and management.
Eliminate fragmented tools and processes by centralizing direct bill and agency bill reconciliation for both P&C and Benefits – all in one streamlined system.
Reconcile directly within Applied Epic using native, AI-driven capabilities that are secure, reliable, and future-proof, reducing risk while simplifying training, upgrades, and maintenance.
Capabilities
Statement Processing & Data Extraction
Drag and drop PDFs, CSVs, or scanned statements. AI extracts, cleanses, and transforms data for near-perfect reconciliation.
Advanced Data Matching
Match statement data to Applied Epic transactions using multiple signals – policy number, term dates, line of business, and more – accelerating reconciliation even with partial matches while continuously improving accuracy.
Applied Epic-Native Reconciliation
Submit reconciled or suspended statements directly into the Epic General Ledger with a single click – no fragile third-party integrations required.
Broad Carrier Coverage
Support for 90%+ of certified P&C and Benefits carriers ensures reliable reconciliation across both direct and agency billing.
Statement Storage & Identification
Every reconciled statement is saved and tagged with a unique ID, providing a clear, traceable record for audits, reporting, and book-of-business management.
Human-in-the-Loop Oversight
AI handles the heavy lifting, while finance teams remain in control and can review, validate, and approve at every stage.
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