| 1 |
Capture receipts in different forms… |
| Receipts Reception |
You will be able to accept receipts in various forms, including:
• Direct receipts in terms of cash/cheque at the company’s head or branch offices.
• Receipts through credit card payments.
• Bulk receipts through employer salary deduction.
• Bulk receipts through bank (especially for bancassurance policies).
|
| 2 |
Allocate receipts… |
| Receipts Allocation |
Allocate receipts to specific policies/endorsements. |
| 3 |
Record receipt with different currencies… |
| Currency |
Receipts and payments may be recorded in currencies other than the base currency of the account/policy/claim, with appropriate translation into the base account. |
| 4 |
Maintain bank accounts information… |
| Bank Accounts |
• Maintain, within the database, details of the employer/bank account;
• Generate requests for the premiums/contributions to be collected.
• Receive and upload details of paid/unpaid requests along with the appropriate reconciliation functionality.
|
| 5 |
Automatically generate cheques… |
| Cheque Processing |
Use an efficient cheque generation and printing mechanism through an automatic cheque processing module.
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| 6 |
Export accounting data… |
| General Ledger Interface |
Ability to export accounting transactions to an external general ledger based on accounting entries defined as parameters. |
| 7 |
Parameterize multi-level chart of accounts… |
| Chart of Accounts |
You have the ability to define a multi-level chart of accounts and update it - based on a third party general ledger. |
| 8 |
Maintain accounting data for many locations… |
| Many locations transactions |
Because the system is multi-distribution channel and multi-branch, it allows you to maintain accounting transactions for multiple locations. |
| 9 |
Parameterize standard accounting entries… |
| Accounting Entries |
The system gives you the capability of defining standard accounting entries for various transactions in a parametric way. |