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AI-Powered Cash Reconciliation for MGAs

 

In the fast-paced world of Managing General Agents (MGAs), efficient cash reconciliation is crucial. Discover how Brisc's AI-powered solution can transform your operations.

Experience the benefits of Brisc's automated cash reconciliation with

 

10x Faster Reconciliation

97+% Accuracy

59% Cost Savings

Is Manual Cash Reconciliation Holding Back Your MGA’s Potential?

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Burning Cash on Manual Reconciliation

Your skilled team spends countless hours manually matching premiums, claims, and cash, diverting resources from higher-value activities.

Delayed Cash Flow

Slow reconciliation means slower settlements, impacting your working capital and ability to invest in growth.

Putting Carrier Relationships at Risk

Manual errors, delayed reporting, and settlement disputes can erode trust with the carriers critical to your MGA's success.

Losing Money on Errors and Write-Offs

Inaccurate matching leads to missed discrepancies, over/under payments, and costly adjustments that hit your bottom line.

Lacking Real-Time Financial Control

Spreadsheets hide insights, making it impossible to know your true cash position or quickly identify settlement issues.

Struggling to Scale Without Adding Headcount

Your current process breaks under increasing volume or complexity, limiting your ability to grow profitably.

 

Compliance Risks

Manual processes lack the clear, auditable trail needed to confidently navigate regulatory requirements.

Meet Brisc: The AI-Powered Solution Tailored for MGAs

Brisc's AI-powered platform automates the complex process of matching your premium, claim, and cash data, eliminating the manual burden and delivering unparalleled speed, accuracy, and financial control directly to your MGA.
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Connect Your Data

Securely integrate data from your administration system, bank feeds, and other relevant sources. Brisc handles the data extraction and standardization of premium payments and claims data across all documents, regardless of format or terminology.​​​

Automate Matching

Brisc's intelligent engine instantly matches transactions handling the complexities of MGA settlements – premiums, commissions, claims, carrier payables/receivables, and more.

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Exception Management

Clearly flag and prioritize only the genuine discrepancies requiring human review, providing all necessary data for quick resolution.

Real-Time Visibility & Reporting

Access dashboards and reports that give you instant insight into cash flow, settlement status, aging discrepancies, and overall reconciliation health.

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How Brisc’s Automated Cash Reconciliation Benefits Your MGA

Boost Profitability & Cash Flow

  • Drastically reduce operational costs associated with manual matching.
  • Accelerate cash application and settlement cycles, improving working capital.
  • Minimize financial leakage from missed discrepancies and costly write-offs.

Strengthen Carrier Relationships

  • Deliver accurate, timely settlement reports that build trust and reliability.
  • Reduce disputes and streamline communication regarding financial data.

Scale Seamlessly

  • Process significantly higher volumes and complex deals without proportionally increasing back-office staff.
  • Efficiently onboard new carriers and programs with varied settlement requirements.
  • Position your MGA for profitable growth supported by a robust financial engine.

De-Risk Your Operations & Ensure Compliance

  • Eliminate human errors that lead to significant E&O exposure.
  • Generate an indisputable, auditable trail for every transaction and match.
  • Ensure accuracy needed for regulatory reporting and audits

Gain Financial Control & Free Up Your Team

  • Move beyond reactive spreadsheet management to proactive financial oversight.
  • Empower your team to focus on analysis, strategy, and growth, not tedious data entry and matching.
  • Have confidence in your financial data for informed decision-making.

Unlock Your Bordereaux With Brisc Insights

Brisc transforms your reconciled financial data into a powerful source of business intelligence. Gain unprecedented visibility and control over your cash flow, settlements, and financial health. Ask questions and glean insights from your Bordereaux data.

Gain real-time insights

Get instant, accurate answers to critical financial questions based on your reconciled cash and bordereaux data. Move beyond delayed reports and access real-time snapshots of your MGA's financial position.

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Automate reports

Save time and ensure consistent financial oversight by automating the generation and distribution of key reports derived from your reconciliation data.

Key Capabilities

Intelligent Matching Engine

Uses AI and configurable rules to automatically match complex premium, claim, and cash transactions with high accuracy.

This means faster processing and fewer errors.

Gain Real-Time Insights

Automatically identifies and categorizes matching exceptions needing attention.

This focuses your team's effort only where it's needed.

Exception Resolution Workflows

Provides a clear, collaborative process with all relevant data for quickly investigating and resolving discrepancies.

This accelerates problem-solving and reduces aging items.

Comprehensive Audit Trail

Logs every transaction, match, and user action.

This ensures compliance and provides transparency for internal and external audits.

Configurable Reporting

Offers real-time visibility into cash flow, settlement status, discrepancy trends, and team performance.

This gives you the financial control and insights you need.

Seamless Integrations

Connects easily with policy admin systems, bank feeds, and other essential tools.

This ensures a smooth data flow and unified process.

Why MGAs Trust Brisc for Bordereaux Reconciliation

10x Faster Processing

Reconcile in hours, not days.

97%+ Accuracy

AI-driven validation eliminates human errors.

59% Cost Savings

Automate BDX cash reconciliation so your team can focus on high-value work.

Complete Transparency

Real-time insights into outstanding and settled transactions.

Optimized Cash Flow

Accelerate settlements and reduce outstanding balances.

Scalable for Growth

Handle increasing volume without additional manual effort.

Ready to Transform Your MGA's Cash Reconciliation?

Stop letting manual processes hold back your cash flow, profitability, and growth. Discover how Brisc's automated cash reconciliation platform can de-risk your operations and give you the financial control you need to scale your MGA successfully.
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