Premium Processing Console - Clean Cash, Clean Books
Allocation, IBA/trust reconciliations and producer statements under maker checker controls with exception management and audit logs.
Allocation & Unapplied Cash
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Matching rules, references and hints accelerate allocation
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Unapplied cash queues with owner, age and due dates
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Drill downs to transaction and document evidence
IBA/Trust Reconciliations & Exceptions
- Periodic reconciliations with sign off workflow (maker checker)
- Exception taxonomy and remediation tracking
- Monthly controls attestation with evidence packs
Producer/Commission Statements
- Statement generation, approvals and releases
- Segregation of duties with activity/audit logs
- Exports to accounting and MI dashboards
Related Insights
FAQ's
How does EI reduce unapplied cash?
Matching rules and references accelerate allocation; unapplied cash items are owned with deadlines and drill down evidence for resolution.
Can reconciliations be approved with maker checker?
Yes. Reconciliations follow a sign off workflow with segregation of duties and full audit trails.
How This Service Connects to the Core Platform
This service operates within the connected Selectsys insurance infrastructure. Operational execution is fully aligned with the technology backbone.
- RQB : Rating and bind infrastructure for commercial and specialty lines.
- Expert Insured : Policy lifecycle system managing issuance, endorsements, and renewals.
- Premium Accounting: Insurance native accounting for agency bill, direct bill, trust, and reconciliation.
- CoverPay : Premium collection by Card and ACH for MGAs, wholesalers and carriers, with payment tracking and reconciliation support.
- Insurance BPO: Embedded teams executing submissions, underwriting support, servicing, and compliance.
Operational services are most effective when integrated directly with the core platform capabilities.