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).