Send an invoice and get paid the same day
Invoices go out, and payment comes back the same day via ACH, card, digital wallet, or financing.
For Finance and Accounting
Invoices, receipts and commissions post against the right policy, so month-end is a review, not a monthly rebuild. Close your books in hours, not days.
In an agency, accurate books depend on every dollar being tied to the right policy and account. Invoices, receipts, carrier statements and audit questions all pile up around month-end, and each one starts with finding which policy the money belongs to. Applied Epic® posts invoices, payments and commissions to the policy as the work happens, with trust accounting in the same system. When a client pays online, the receipt posts itself, and AI reads each carrier statement and matches it against the policies it pays on, leaving your team only the exceptions. The close starts from finished numbers, and every figure has a record behind it when an auditor asks.
Insurance agency financial management software belongs where the policies are, so money moves in and out accurately with far less human touch.
Invoices go out, and payment comes back the same day via ACH, card, digital wallet, or financing.
Every carrier statement reconciles automatically; your team sees only the exceptions.
Trust accounting and every billing type is built around how insurance actually works, so nothing needs a workaround.
Premiums, commissions, and receivables update as transactions post, so a mid-month question has a current answer.
Insurance agency financial management software handles the financial side of an agency: invoicing clients, collecting payments, reconciling carrier commission statements, and keeping trust and operating funds separate. That work is inseparable from the policies it belongs to.
That’s why it matters where the software sits. Run it inside the management system, and every dollar already has a policy behind it.
On agency bill, the agency invoices the client, collects the premium, and remits it to the carrier, keeping its commission. On direct bill, the carrier invoices the client directly and pays the agency commission afterward.
The accounting differs more than the billing does. Agency bill moves client money through trust accounts, so it carries fiduciary obligations direct bill does not.
Usually not, if the accounting is genuinely built for insurance. A standalone finance platform has to import your policy and commission data before it can do anything with it, which adds a sync to maintain and a second place for numbers to disagree.
When accounting runs inside the management system, the policy, the invoice and the commission are already the same record.
Most agency CFOs watch revenue per employee, total operating cost, days to close, receivables aging, and commission accuracy – the share of carrier commission that matches what was owed.
Tracking them is the easy part. Getting them from one set of books, current as of today rather than as of the last close, is what usually takes the work.
Video
Learn how Applied Recon takes the manual work out of reconciliation and delivers faster closes, greater accuracy and unmatched efficiency.
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Demo
Applied Recon brings AI-powered reconciliation straight into Applied Epic, helping agency finance teams cut hours of manual work, improve accuracy and maintain a single, secure workflow.
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Blog
Discover what the biggest pain point in insurance agency accounting is and how intelligent, embedded solutions inside your AMS, not 3rd-party tools, can dramatically reduce manual effort, improve accuracy, and protect sensitive financial data.
Read the blog