Revenue Reconciliation Engine from VUE Software for Non-Carriers
Carriers and agencies are frequently at odds when it comes to advances, chargebacks and commission reconciliations. When an agency cannot track changes made by a carrier — such as a commission plan change or a cancellation after a commission or advance was paid — this affects the agency’s commission revenue.
Watch the solution in action and learn how MGAs can use revenue reconciliation module to model carriers’ compensation plans, calculate commission projections and compare projections with actuals. This carrier-agency reconciliation solution also calculates advances and chargebacks, fostering good relationships between carriers and agencies.