Direct Bill Commission Reconcile

If you want to automate direct bill commission reconcile in your Agency Management System we can assist you. Manually reconciling the commission statement can be very time consuming and error prone. We can automate the end to end process for you. You will also be able to define rules to convey to the system what to do in case of mismatches. Manual presentation of mismatches is also provided so that you can manually correct the errors and corresponding accounting entries are modified.
Given below is what is covered in commission statements download and reconciliation process:

  • Configuring IVANS or Teamup downloads of commission statements automatically without manual intervention
  • Parsing downloaded file to extract each commission statement, policy details and various transactions associated with the statement
  • Matching data received in the downloaded file with data in your AMS or CRM, presenting corresponding records on user interface if required
  • Updating data according to the editing or automatic application of business rules as configured to update Agency management System and Accounting modules
  • Emailing the mismatches if needed
  • Based on metadata of producer splits defined by you calculating producer commissions
  • If your AMS pre-calculates the producer commissions then reconciling and generating a report of mismatches
  • Reconciling against your actual bank receipts and invoices

We have rich experience in developing Agency Management systems over the cloud (VB/C# .NET, Java, PHP) or in CRM systems like Salesforce, Zoho, NetSuite and MS Dyanamics. Write to us today at our development email id dev@webners.com to get in touch with us or fill the contact form on our website.
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