June 2011 � Virden, MB � Custom Software Solutions (CSSI) is pleased to announce the release of automated SGI CANADA Broker AR/AP Statement Reconciliations in its Broker�s Workstation (TBW) product.
The current manual Accounts Receivable and Payable company reconciliations process is enhanced with the ability to receive an electronic statement provided by SGI CANADA and perform the transaction reconciliation and matching process without human intervention. The automated process will conclude by the issue of a report detailing the matched and unmatched items from the statement.
The current manual reconciliation process is labour intensive as all transactions must be reviewed and matched in order to identify the 10% or fewer missing, unmatched or items posted with errors such as an incorrect commission rate. The elimination of the human factor in identifying the matching items will save that time and permit the user to go directly to the unmatched issues, if any, requiring attention. This is a project that will deliver real impact to broker back offices.
Due to the similarity of the TBW Accounts Receivable and Payable systems, the project will address the automated reconciliation of both agent and company billed policy transactions, so the project will offer benefits to all brokers regardless of their chosen billing method.
About Custom Software Solutions
Custom Software Solutions Inc. (CSSI) was founded in 1991 and is a leader in the development and delivery of information technology and business process automation systems for Insurance Brokers and Companies in Canada. Our proven Broker products, The Broker�s Workstation, Intelliquote, and I-Biz, and Insurance Company Products, I-Company, I-Broker, and I-Biz, are today providing significant efficiency gains leading to increased productivity and decreased operating expenses for both Broker and Company users. CSSI boasts a team of highly experienced programmers, insurance industry professionals, and certified computer technologists. CSSI services its growing clientele of Brokers and Insurance Companies from its offices in Virden, MB. For more information, visit our website at www.cssionline.com.
About SGI CANADA
SGI CANADA has been in business for more than 60 years, selling property and casualty insurance in seven Canadian provinces. It operates as SGI CANADA in Saskatchewan; SGI CANADA Insurance Services Limited in Alberta and Manitoba; Coachman Insurance Company in Ontario; and the Insurance Company of Prince Edward Island (ICPEI) in New Brunswick, Nova Scotia and Prince Edward Island. Visit SGI CANADA at www.sgicanada.ca.