Insurance

• Automatically ingest data from all internal and external data sources such as policy admin systems (PAS), ledgers, banks, statements, payments service providers (PSPs), premium finance and bordereaux

• Consolidate data into a single view on easy-to-use dashboards for control and real-time processing

• Automatically match and allocate premium on a policy level

• Categorise and manage any outstanding items using labels and retain a history of a transaction with notes and attached documents

• Connect your teams and streamline the premium collection process with exception and query management workflows

• Get insights into unallocated cash, debtors items and ageing of data across the whole premium collection and allocation process with real-time dashboards and reports

• Accelerate cashflow, reduce write-offs, increase efficiency and increase control

• Align key systems and data through intersystem data matching and reconciliations

• Perform high-volume data controls between policy systems, ledgers, claims, actuarial, data warehouse and underwriting platforms

• Proactively identify issues with data and resolve them quickly through integrated data analytics and resolution workflows

• Get real-time reporting via easy-to-use dashboards you control from the front end

• Manage key financial data flows and apply automated or manual journals in a controlled manner to gain a fully audited and controlled environment

• Support and streamline business-as-usual processes, data migrations, finance vs. actuarial, IFRS 17 cashflow matching and Solvency II

• Streamline and automate the complete IBA operations processes, including bank reconciliations, client money reporting, cash posting & allocation, insurer statement reconciliations and settlement

• Automatically ingest data from all internal policy admin systems (PAS), such as Acturis, OpenGI, Applied Epic and Global XB, while consolidating external data from banks, insurer statements, payments service providers (PSPs), premium finance and bordereaux

• Automatically match internal and external data sources while managing data that requires further analysis

• Connect teams and streamline the resolution and investigation of queriers across the whole IBA process with query management workflows

• Get real-time reports and insights into debtors, creditors, client money calculation and unallocated cash

• Automate integrations with PAS system ledgers to post the output of reconciliations and data matching

• MGAs, MGUs, program administrators and capacity providers distributing business via delegated authority or programs can streamline the premium allocation process and accounts payable and settlement process

• Consolidate internal and external data sources into one easy-to-use platform

• Disaggregate bulk premium payments down to a policy level and match against internal records

• Automatically ingest both premium and claims data

• Manage premium payments throughout their lifecycle, from end to end

• See immediately if payments are due or overdue for credit control reporting with clear highlighting

• Generate settlement bordereaux on a pay-as-paid basis and match back to premium settlement payments

• Gain insights into debtors, creditors, and unallocated cash with real-time dashboards and reports

• Automate core financial operations and controls processes such as bank, ledger, balance sheet, technical, finance vs actuarial, pension position, cash, assets, reconciliation and data matching

• Consolidate internal and external data source in a single platform and process in real-time

• Match data at the lowest level of granularity

• Provide real-time reporting across key financial, operational and period progression metrics

• Integrate with key systems through automated journal postings and reporting

• Connect workflows and streamline the financial close & attestation, sign-off and approval, and execution processes

The platform handles an unlimited number of transactions and reconciliations. We work with organisations that process hundreds of millions of transactions per day.