Premium Accounting gives insurance agencies, MGAs, and wholesalers complete visibility into premium payments, customer balances, receivables, installment schedules, reconciliation, and accounting workflows. Know exactly what has been billed, collected, deposited, reconciled, and synchronized with your General Ledger.
Insurance organizations process thousands of premium payments every month.
Without centralized payment tracking it becomes difficult to answer questions such as:
Premium Accounting provides complete visibility into every payment from billing through reconciliation.
Track every stage of the payment lifecycle.
Every payment remains connected to the customer, policy, invoice, and accounting records.
Premium Accounting supports payment tracking for:
Whether payments are collected through CoverPay, ePayPolicy, ACH, credit card, or another provider, payment activity remains centralized.
View a complete payment timeline for every customer.
This gives accounting teams and customer service representatives immediate visibility into account activity.
Knowing which invoices remain unpaid is only the beginning.
Premium Accounting helps agencies identify:
This helps reduce aging receivables and improve cash flow.
Premium Accounting is payment provider agnostic.
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Regardless of how payments are collected, Premium Accounting provides one centralized payment tracking platform.
Track customer payments and receivables with complete financial visibility.
Monitor premium payments across multiple programs and carrier relationships.
Manage agency bill payment activity, balances, and accounting workflows.
Track delegated authority payment activity across programs and distribution partners.
Replace disconnected spreadsheets, manual reconciliations, and generic accounting workflows with insurance-native accounting infrastructure built for MGAs, wholesalers, program administrators, agencies, brokers, and carriers.