Beyond Insurance Accounting (BIA)

Beyond Insurance Accounting

Beyond Insurance Accounting (BIA) redefines the financial operations landscape with an industry-specific accounting platform that unifies billing, payments, and accounting into a compliant, automated solution. Built to deliver real-time control, strategic insights, and scalability, BIA empowers insurance organisations like MGAs, agencies, carriers, and brokers to operate with precision and confidence in an ever-evolving market.

A True Partner

We Go Beyond

Our newest platform – BIA – revolutionises insurance accounting by automating the source-to-ledger process. With AI-powered data ingestion, low-code rule mapping, and automated reconciliation workflows, BIA provides accurate, audit-ready financials in real time. This next-generation cloud-native platform offers CFOs and finance leaders the ability to pivot from reactive reporting to strategic decision-making, all while maintaining compliance and minimising operational overhead.

Your Key Benefits

Clear. Controlled. Connected.

Operational Excellence

Eliminate inefficiencies caused by manual processes and disjointed systems. BIA automates real-time period-end financial operations to reduce reconciliation errors and ensure compliance. This leads to faster closes and reliable financial data that auditors and regulators can trust.

Strategic Focus

Free your finance team from routine tasks so they can concentrate on higher-value initiatives like analysis, planning, and credit control monitoring. By automating repetitive processes, BIA allows your team to focus on driving profitability and strategic growth.

Ecosystem Integration

Connect seamlessly with existing insurance systems, ensuring a unified financial control layer across your entire value chain. BIA’s integration-first design allows for rapid deployment without disrupting your current workflows or requiring extensive IT overhauls.

Future-Proof Foundation

Built to adapt to regulatory changes and market demands, BIA evolves with your organisation’s needs. Its scalable, cloud-native architecture guarantees it remains a valuable, enduring part of your accounting infrastructure.

Functional Capabilities

BIA offers a robust suite of modules designed to meet the unique challenges of insurance finance:

Invoice Generation & Recognition Policy Administration System Integration Commission Management Carrier Settlement Processing Trust Account Management Automated Cash Matching & Bank Reconciliation User Management & Role Assignment

Invoice Generation & Recognition

Revenue Recognition

Ensures accurate, GAAP-compliant recognition of income streams in real time.

Multi-Currency Support

Handles foreign exchange rates and currency conversions seamlessly across policies and claims. Able to invoice in the local currency but settle with Underwriters in another.

Audit-Ready Ledger Entries

Produces detailed, traceable entries to support reconciliation, external audits, and compliance reviews.

Billing

Eliminates the complexity between policy operations and financial reporting. By automatically converting policy data into accurate invoices and accounting records, we help accelerate cash flow, reduce operational costs, and maintain compliance.

Policy Administration System Integration

Seamless Data Sync

Synchronises policy, claim, and billing data across systems creating a single source of financial truth.

Configurable APIs

Enables direct connection with multiple external systems, from PAS to CRM and BI tools.

Error Handling & Validation

Includes rule-based exception handling to prevent data mismatches and monitors the current position using trial balances at regular intervals and advises of any imbalance.