Integrated financial administration
If the underwriting records are separate from the financial records (General Ledger, Sub-Administrations), there is a high likelihood that auditors will have to do a lot of audit work before they can give their approval and signature to the financial statements.
REAL FINANCE
That is the name we use for the financial management of all booked invoices, payments and receipts processed within Real Insurance.
Real Finance thus contains for each participant:
a ledger, set up according to our client's own design
connection of the invoice data is part of the registration of a product.a sub-administration for insurers
a sub-administration for relationship advisors
a sub-administration for relationship clients
a sub-administration for third parties with whom benefits, fees or expenses are settled.
Use of Real Finance is not mandatory, but financial accounting within Real Insurance is automatic.
Exporting financial data to a financial accounting system applied externally remains an option that can continue to be used if desired. Should accounting discrepancies ever arise, Team RealXS can quickly and efficiently determine whether the error is systematic error or only externally applied. If there is no difference between the General Ledger accounts and the sub-administrations, then the error must have been caused externally or manually. "Real Finance"