Financial Systems for Insurance Accounting
PTE Financial solutions are insurance-specific applications designed to handle the unique cash, statutory, and GAAP reporting requirements of insurance financial accounting. They are particularly attractive to start-up and small to mid-size insurers because they can be installed quickly and are easy to maintain.
PTE Financial General Ledger
PTE Financial technology is a perfect fit for some of the nation’s most efficient insurers. These dependable and widely-used systems are compatible with a wide variety of popular desktop operating systems, network servers, and LAN / WAN environments. Some of the PTE General Ledger’s most attractive features:
- User-defined Ledgers
- Flexible Allocations
- Unlimited Consolidations
- Suspense Tracking
- Budgeting
- Forecasting
- Views and reports
PTE Financial Accounts Payable
The PTE AP system makes it simple to generate claim checks, premium refunds, and agent commissions, as well as traditional vendor payments. The AP system can be integrated with most premium / claims systems to facilitate the speed and accuracy of data transfer. When manual AP data entry is required, your efficiency is enhanced through automated recurring entries, rapid data entry mode, vendor defaults, and online vendor history. More capabilities:
- Tracks due dates, discounts and late charges
- Produces checks and EFTs
- Tracks 1099 data
- Reconciles checks and EFTs
- Provides valuable audit control and reporting
- Calculates use tax automatically
- Tracks vendors
- Reports aging of payables
Because PTE Financial solutions are designed for insurance accountants, and they are installed and supported by insurance experts, there’s no need to modify a generic system. StoneRiver software professionals understand the terminology and processes that are unique to your reporting requirements, and can advise you on the most efficient ways to meet your financial objectives. Register today for a live, web-based overview of PTE Financial. Or contact us to request additional information.
The Freedom Connection
The Freedom Group is now StoneRiver--the first company to specialize in insurance-specific accounting and regulatory systems. When you hear people recommend Freedom software, they're talking about us. With StoneRiver, you can expect the same great software and unbeatable customer service that The Freedom Group has always been known for.