Commrecon
Enhance Commission Payment Accuracy with CommRecon
Gain Confidence in your Commission Reconciliation Process
Request a DemoOVERVIEW
Gain Confidence in your Commission Reconciliation Process
As an agency, you're constantly grappling with reconciling vast amounts of data in your AMS and from multiple carriers, increasing the risk of errors and discrepancies. Manual processes drain resources and time, leaving your finance team overwhelmed and prone to oversight.
Synatic's CommRecon Solution automatically cross-references transaction and policy data, swiftly identifies discrepancies, reconciles direct bill commission payments received from carriers and commission payments made to your producers, saving you time and ensuring accuracy.
Do any of these challenges sound familiar?
If these challenges resonate with your current reconciliation processes, let us help.
I'm forced to close the month late because of ongoing reconciliation of producer and agency commissions.
I don’t know if I’m paying my producers the right amount of commission.
I don’t know if my agency is receiving the right amount of direct ill commissions.
True-ups can take me months to complete
I wish I could reconcile commission by exception, instead of reviewing my whole book of business every month.
Reconciliation Made Easy
Seamlessly Verify Bank Statements and Carrier Policy Data
CommRecon automates the verification of data from multiple sources, including agency bank statements, carrier policy information, with your AMS data.
Seamlessly Integrate Bank Statements and Carrier Policy Data
- Ensure precise reconciliation, minimizing financial. discrepancies and errors.
- Real-time visibility into commission payments
- Frees up staff for strategic tasks with automated processes.
Automatically Cross-References Data from Carriers with Agency Transactions in Your AMS
Any commission discrepancies are quickly flagged, and reports are generated, streamlining the commission reconciliation process and minimizing the risk of financial inaccuracies.
Automatically cross-references data from carriers with agency transactions in your AMS
- Simplify auditing tasks for finance teams.
- Receive alerts for immediate action on discrepancies.
- Provides accurate insights for informed business decisions.
Customizable and Flexible Auditing
Whether it's monthly, quarterly, or on-demand, agencies have the flexibility to adapt the auditing process to suit their specific requirements.
Customizable and Flexible Auditing
- Streamline operations with timely reconciliation.
- Predictable auditing schedule with reliable data.
- Ensure optimal efficiency and accuracy.
Featured Case Study
Gaining valuable customer insights with Vertafore AMS360 and BenefitPoint, integrated to Salesforce
.png)
HOW IT WORKS
Automate Your Data Sources and Insurtechs
White Paper
The Data Integration Challenge in the Insurance Industry
Download the white paper for an in-depth look into challenges and solutions when faced with modernization and automation for the insurance industry.
DownloadBuild Your Business Faster With Synatic.
Whether you need to modernize your data universe or adopt a new SaaS application, our platform adapts to your needs.
Get the right data, to the right person, at the right time.
