Automate Insurance Invoice Reconciliation with 99% Matching Accuracy - Align insurer-issued statements against broker accounting books, detect premium and commission discrepancies instantly, and eliminate 90% of manual reconciliation effort across all carrier relationships.
Everything you need to automate insurance premium and commission reconciliation between insurer invoice statements and broker accounting books
Insurer Statement Ingestion - Automatically retrieves insurer-issued invoice statements from email inboxes, carrier portals, and document repositories in PDF and Excel formats across all carrier relationships
Policy Ledger Matching - Matches statement line items against broker policy records and client accounting ledgers using policy reference, premium amount, effective date, and endorsement code as matching keys
Premium & Commission Reconciliation - Compares invoiced premium amounts, commission rates, fee structures, and net payable values against broker booked figures, flagging all discrepancies with amount and percentage
Discrepancy Detection & Classification - Identifies and categorizes mismatches including short-payments, duplicate charges, missing policy entries, and commission rate errors with automated root cause classification
Reconciliation Statement Generation - Produces formatted reconciliation reports showing matched items, identified discrepancies, and outstanding balance positions ready for finance team review and insurer dispute
Payment Processing Integration - Links reconciled and approved invoices to payment authorization workflows, accelerating payment release and reducing the broker finance team's month-end closing cycle
