Finance module
Finance module provides the extended functions and deeper access to financial figures comparing with the functions offered by standard General Ledger systems.
Benefits of Finance module:
- Budget execution control.
- Insurance technical result control within detailed segments using administrative costs split to policy level.
- Support on audit questions (e.g. credit / debit accounts at the end of the period by accounts owner, payer or payment receiver).
- Access to individual account balances by customer, broker, agent, policy;
- Cash flow monitoring and forecasting.
- Accounting of agent, broker sales volume and commissions.
- Payment channel, frequency analysis.
- Bad debts control (identification of the amounts not received more then x days).
- Control of the amounts receivable (claim recovery or insurance premium recovery).
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