Finance module provides the extended functions and deeper access to financial figures comparing with the functions offered by standard General Ledger systems. Benefits of Finance module:
- budget execution control;
- insurance technical result control within detailed segments using administrative costs split to policy level;
- support on audit questions (e.g. credit / debit accounts at the end of the period by accounts owner, payer or payment receiver);
- access to individual account balances by customer, broker, agent, policy;
- cash flow monitoring and forecasting;
- accounting of agent, broker sales volume and commissions;
- payment channel, frequency analysis;
- bad debts control (identification of the amounts not received more then x days);
- control of the amounts receivable (claim recovery or insurance premium recovery).
