BUILT AROUND AGENCY-BILL WORK
Carrier payables and remittance for insurance agencies
Bring the carrier statement, agency payable, and payment history into the same review. EvenPenny shows the verified obligations and builds a remittance from the items ready to settle.
How it works
- EvenPenny combines carrier statement detail with the AMS360 transaction and activity exports. You see the statement and agency payable records together.
- EvenPenny matches the carrier’s lines to the agency transactions. You see verified obligations and the differences that need attention.
- EvenPenny brings related customer receipt and prior remittance activity beside the payable. You see collection and settlement timing with the obligation.
EvenPenny brings related customer receipt and prior remittance activity beside the payable. You see collection and settlement timing with the obligation. - EvenPenny separates verified, held, and already-paid items. You see total payable and ready-to-remit by carrier, with the reason each held item needs review.
- EvenPenny generates the remittance from the verified list in the carrier’s format. You get the itemized total and detail to copy into the payment email.
EvenPenny generates the remittance from the verified list in the carrier’s format. You get the itemized total and detail to copy into the payment email.
Your agency resolves exceptions, approves the final remittance, and sends the payment.
Follow the amounts
| Item | Net payable | Record status | Review focus |
|---|---|---|---|
| A | $3,000 | Matched; customer paid | Ready for remittance |
| B | $1,500 | Matched; customer open | Collection and settlement timing |
| C | $900 | Payment after cutoff | Prior-payment application |
What your team gets
- Total payable and ready-to-remit by carrier.
- Held items with the reason for review.
- Remittance detail linked to the underlying transactions.
Keep the premium-funds review complete
Use the carrier obligations alongside the bank reconciliation, customer receipt applications, producer payables, and the agency’s applicable premium-funds requirements. Keep the cutoff and account scope consistent across the review.
Start with the reports you already use
Runs on exports from Vertafore AMS360.
Running Applied Epic, HawkSoft, or EZLynx? Send us a sample export and we'll tell you what it takes.
Common questions
- What is Matched AP?
- Carrier payable verified against the carrier’s own statement, with the matching transaction detail behind it.
- Why show customer receipts beside carrier payables?
- Receipt timing and carrier settlement timing can differ. Seeing both helps explain the obligation and the cash movement.
- How are prior payments handled?
- Already-paid items are separated for review with the relevant payment activity so the proposed remittance follows the verified open list.