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Service Specification Stub
Commission & Accounting Reconciliation
Reconcile carrier direct bill statements, premium financing schedules, and Applied Epic ledgers to resolve historical discrepancies.
Page Architecture & Implementation Outline
Agency accounting departments frequently run behind on commission reconciliations due to disparate carrier statement formats and financing adjustments.
1. Core Accounting Reconciliation Capabilities
- Direct Bill Statement Processing: Ingestion of PDFs, Excel schedules, and carrier portal statements. Automated normalization across different carrier formats.
- Ledger Matching Engine: Match policy numbers, effective dates, gross premium, and commission percentages against Applied Epic accounts.
- Discrepancy Identification: Flag unpaid endorsements, rate mismatches, carrier fee deductions, and chargebacks down to the individual line item.
- Premium Financing Verification: Match finance company disbursements with carrier binding schedules to prevent inadvertent cancellation notices.
2. Standalone Paid 2-Week Diagnostic Option
- For agencies with reconciliation backlogs or unverified commission leakages.
- We ingest a sample of carrier statements and Epic reconciliation reports.
- Deliver a detailed audit report highlighting uncollected commissions, carrier discrepancy patterns, and a clear resolution plan.
3. Ongoing Reconciliation Workflow
- Regular statement reconciliation completed on an agreed monthly schedule.
- Post-reconciliation entries staged in Epic for your CFO or accounting manager sign-off.
- Operational tracking of reconciled volumes and resolved items.