Our cloud-based solution offers a standardised, best-practice approach to manage today’s complex back office accounting processes more efficiently whilst reducing operational costs . Both the technology and the implementation approach, acknowledge and support dependencies on existing legacy environments.
Reconciliation of Indirect and Direct Premium transactions
Automated reconciliation of Remittances
Management of Unallocated Cash
Credit Control
Partner Document
Commission Refunds
Sub GL Debtor Ledger Management
Automated Month End
Reconciliation of Binder Premium
Reconciliation of Open Market Premium
Generation and Reconciliation of Paid Bdxs between Syndicates global offices
Management of Unallocated Cash across Binders and Open Market
Credit Control
Generation of LPANs and Signing Document Reconciliation
Sub GL
Automated Month End
Reconciliation of Indirect and Direct Premium transactions
Automated reconciliation of Remittances
Management of Unallocated Cash
Credit Control
Partner Documents
Commission Refunds
Generation of Paid Bdxs to coverholders
Sub GL Debtor Ledger Management
Automated Month End
Reconciliation of Indirect and Direct Premium transactions
Automated reconciliation of Remittances
Management of Unallocated Cash
Credit Control
Partner Documents
Generation of Paid Bdxs to coverholders
Sub GL Debtor Ledger Management
Automated Month End
Our managed service means we support the process as much as the product enabling your team to focus on more value add activities.
Say goodbye to time-intensive manual processes and spreadsheets hindered by legacy systems. Grappler streamlines the back office, offering:
Simplified processes
Improved controls
Reduced operational costs
Improved reporting
Greater transparency & security of data
Reduced risks
Support for future growth
Automate daily, monthly and annual closing activities to reduce risk, enhance control, visibility and growth potential.
Automated Daily, Monthly Trial balances
Balance Sheet Reports
Journals for posting to GL
Modern automation of legacy bordereaux document flow, written and paid. With increased accuracy giving you greater transparency of daily, monthly and annual cash position.
Paid Bordereaux
Written Bordereaux
London Premium Advice Notice (LPAN)
Commission Statements & Payments
Partner Statements and Recipient Tax Invoices (RCTI’s)
Eliminate your unallocated cash, and get clarity on debtor position. Our intelligent automation reduces manual intervention, empowering teams to focus on exception review rather than data entry. Grappler provides customers with a clear debtor position, streamlining month-end reporting, bolstering audit readiness and meeting regulatory reporting requirements.
Fully Automated Remittance Processing
Bank Reconciliation
Policy Reconciliation
Reconciliation Across Multiple Debtors Ledgers
Credit Control
Our software provides greater visibility of the day to day financial position to all areas of the business including finance, underwriting, claims, and operations. Powerful dashboards, analytics, and reports transform finance departments by:
Enhancing decision-making with key financial metrics
Supporting forward-looking strategic planning
Enabling continuous forecasting
Grappler specialises in the automated processing of Broker remittances in
the format they are received.
For direct bank payments, Grappler reconciles directly to the outstanding invoice and for indirect Broker payments, the remittance file is first matched to the payment then reconciled directly to the outstanding invoices.
Multi stage automated reconciliation of annual and monthly instalment payments.
Payments are reconciled across invoices from multiple debtor ledgers or policy systems.
On a scheduled basis, Grappler performs continuous automatic matching of unallocated cash and automatically generates Notice of Cancellation letters for outstanding invoices, pushing them through multiple stages of follow up until either reconciled or cancelled.
Automated generation of insurer bordereaux’s. Avoiding timely and complex manual calculations of the settlement reports.
Automatic generation of Broker commission statement and payments
Scheduled generation of Broker statements, outstanding debtors,
commission statements and recipient tax invoices.
Including Trial Balance & Balance Sheet reports for posting to GL
Dashboards & analytics spanning across all ledgers to show unallocated cash and debtors position along with customer metrics. Position and performance reporting across reconciliation and credit control functions.
Reduce outstanding debt & unallocated cash - resulting in a improved capital position.
Dashboards & reports providing insights & analysis of unallocated cash position & source of issue...and so much more.
Without the need to add more FTE’s reducing administrative burden.
Eliminate the need for manual intervention of payment & policy reconciliation.
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