Act-isure provides a fully integrated accounting module providing a seamless link from the front end sales and claims processes to the treatment of the financial transactions that result. Key characteristics are:
- The finance and accounting sub-systems provides support for all of the critical collection/receipts and accounting processes. It is a full double entry insurance accounting system. In keeping with the principles employed by the other sub-systems, it is highly configurable and supports the flexible definition of accounting transactions triggered by business events
- This is achieved through the use ofuser definable accounting events. Accounting events enable authorised users to define the precise postings that are required following any desired business event.
- These accounting events can then be triggered and applied automatically or interactively on an ad hoc basis.
- The accounting module has an optional multi currency capability including automatic management of variances due to exchange rate fluctuations
- Integration opportunities with third party General Ledger systems and other financial services such as cheque printers, BACS, credit card software etc.
- Powerful integrated collections/payments management capability – including direct debit, direct credit, bank transfers, drafts, credit card collections and payments, payroll deduct etc