| |
|
 Standard reports for SOA, Bordereaux, invoice, ledger account,etc.,
Business reports by reinsurer (if multiple reinsurers are accommodated in a treaty) , brokers etc.,
Regulatory Board/statutory reports
Analysis reports on various heads |
|
|
| |
Renewal Business processing is totally automated
A robust engine processes renewal business that takes care of claims, lapse, cancel, alterations, surrender, etc.,
Any alterations, cancellations, lapsation, etc are adjusted retrospectively for any valid reason and adjusts the premiums with arrears either a refund or a collection.
Automated creation of transactions, invoices, bordereaux and summary of accounts
Auto status update from integrated legacy systems or any other data sources where the transactions of main business are being maintained.
Simple steps to process renewal
Standard accounting principles
Double entry book keeping for the transactions processed
Create account heads, financial years and process intervals in a free text naming convention form rather than in a complicated numeric- ID form.
Schedules and super schedules can be easily maintained
All transactions are assigned to financial year that controls the accounting system
Multi-currency processing
Maintains currency codes and exchange rates |
|
|
