Premium billing reconciliation
Premium billed, collected and remitted tied out monthly
How a run goes
The steps this agent takes, in order, and what each one leaves behind.
Reads the billing, the payments and the policy records
Reconciles the premium billed against the policies in force, the payments received and the amounts remitted to the carrier
Reconciles the figures and finds the exceptions
Flags the policies billed wrong, the payments unapplied and the cancellations for non-payment due
Drafts the report and the notices
Drafts the monthly premium report and the cancellation notices
Works in
SAP, NetSuite, Snowflake
SAP, NetSuite, SnowflakeWhat it does
- Reconciles the premium billed against the policies in force, the payments received and the amounts remitted to the carrier
- Flags the policies billed wrong, the payments unapplied and the cancellations for non-payment due
- Drafts the monthly premium report and the cancellation notices
Connects to
Need it to work differently?
Every agent can be changed: the steps it takes, the systems it uses and who approves what.