AGENCY BILL PREMIUM

Spend less time reconciling agency-bill premium.

Advance helps insurance agencies automate routine premium matching and reconciliation, so your team can focus on the exceptions that actually need attention.

See how Advance works
Reconciliation
Carrier bill
POL-1184 $12,400
POL-1185 $8,210
POL-1186 $4,930
Agency ledger
POL-1184 $12,400
POL-1185 $8,210
POL-1186 $4,830
2 auto-matched · 1 flagged for review — $100 difference on POL-1186
THE PROBLEM

Stop reconciling every transaction by hand.

Customer payments, bank activity, AMS records, accounting entries and carrier statements don’t always line up automatically. That leaves someone checking what matches, tracing what doesn’t, and keeping the whole process moving.

Customer payments
Bank activity
AMS records
Accounting entries
Carrier statements
→
One reconciled record
HOW IT WORKS

From five different records to one reconciled truth.

Advance connects to the systems you already use and does the matching work continuously in the background — so your team only steps in for what actually needs a decision.

01
Connect your sources
Advance connects to your AMS, accounting system, bank feeds and carrier statements — no new system to adopt.
02
Match every line automatically
Every transaction is matched against agency and carrier records continuously, not just at month-end.
03
Exceptions surface on their own
Anything that doesn’t reconcile is flagged with the reason, so your team only reviews what actually needs a human.

How Advance reduces the work behind agency bill.

Spend less time matching payments
Cut down the repetitive work of checking transactions, comparing records and chasing discrepancies.
Handle more agency-bill volume
Support growth without creating the same increase in reconciliation and back-office work.
Keep clearer visibility into premium movement
See what’s been collected, what’s been matched and what still needs attention.
Earn on eligible premium balances
Eligible balances can earn yield while awaiting remittance, through Advance’s bank-sponsored program.
BUILT AROUND HOW INSURANCE AGENCIES ALREADY OPERATE
Works alongside your AMS
Fits your accounting process
No system replacement required
Banking services through OMB Bank
SOC 2 Type II
Typical setup in about a week

Eligible deposits may qualify for FDIC insurance. Yield on eligible balances is available through Advance’s bank-sponsored program, subject to account terms and eligibility; rates vary and are subject to change.

See where reconciliation work is building up in your agency.

See how Advance works

See where reconciliation work is building up in your agency.

See how Advance works