Broker payment matching for underwriters
One payment. Eighty-three policy lines.
Brokers pay underwriters in lump sums that must be applied across several — sometimes hundreds — of policies. A $247,000 deposit split across 83 policy lines for different coverholders is routine. receipting.ai matches 97.6% of remittance lines without a keystroke, then posts to your underwriting system or hands your team a posting file.
Used by AUB Group, Hutch, Agile, ProRisk and 360UW
Why it's hard
The broker's records and yours never quite agree.
They quote last year's policy number. They pay short by a few dollars. They spell the insured's name a different way in every system. And it all arrives by email — spreadsheets and PDFs, in a different format from every broker management system.
A generic AR tool doesn't know a policy number and never saw the closing advice. It clears the easy money and leaves the hard part stuck — which was the only part that was ever hard.
Our last 20,000 matches — real production data
1 in 7
remittance lines agreed with the underwriter's records on every field.The other six are why payments sit in suspense for weeks.
What we do with them
We clear them anyway.97.6% without a keystroke.
Matched to your bordereau lines, then posted to your underwriting system — or handed to your team as a posting file. What can't be matched holds in a managed queue where your operator can query the broker in one click.
Broker Remittance (PDF)
ABC Insurance Brokers
What the broker sends you
Receipting.ai
AI matches insureds across systems, normalises policy numbers, handles amount adjustments
Your Outstanding Premiums (Matched)
From your underwriting system
Only suspense items need your attention
Your finance team goes from processing every line to reviewing only the suspense queue.
Closing advices: 30 to 60 days' warning.
Brokers tell you what they intend to pay weeks before they pay it. receipting.ai reads every closing advice and matches it against your records — so you see what's coming and what's wrong while there's still time to fix it. With closings alongside remittances, matching passes 99%.
If a broker is late, the app chases them.
Statements and reminders, on schedule, until the premium lands. Every reply is logged against the right outstanding premium.
One source of truth
Everyone on the same page — including the broker.
The bank statement, broker remittances, closing advices and your bordereau normally land on three separate desks. receipting.ai works them once, and underwriters, finance operations and accounts receivable all read from the same reconciliation.
Bank + remittances
cash in, who paid
Closing advices
what's coming, early
Bordereau
policies, amounts owed
receipting.ai
holds all three at once
Underwriters
- See premium early
- Clean debtors view
- Cash-in forecast
Finance operations
- Suspense cleared
- Reconciled same-day
- Posting file ready
Accounts receivable
- Know who's overdue
- Targeted chasing
- Queries closed fast
Brokers see the same numbers.
Statements, reminders and query replies all come from that one reconciliation — so the broker's records and yours finally agree.
Results
Trusted by finance and IT leaders
The app has reduced the time spent reconciling payments by more than 90%.
The receipting.com team told me it would be my easiest software project this year, and they were right!
It's rare for a project to result in both happy finance staff and happy IT staff.
Trusted by leading underwriters
Getting Started
Start within a day.No IT project, no implementation fee.
Your finance team can start saving time the same day. Full integration with your underwriting system comes later — when it's convenient for IT.
Connect your premium data
Upload your debtors report. We track every outstanding premium from day one.
Forward broker documents
Remittances, closing advices — any format, any broker. Forward to your dedicated inbox.
Chasing runs automatically
Overdue brokers receive structured follow-ups on schedule. Every reply is logged against the correct premium.
Review the suspense queue only
97.6% matched without a keystroke. Your team sees only what genuinely needs a decision.
See the full AR workflow with your data. 30 minutes.
See the full AR workflow with your data
30-minute walkthrough. We'll show you chasing, matching, closing advice processing, and suspense management — with real data.
Upload your messiest document
Remittances with 50 line items, closing advices with complex premium breakdowns. We'll extract every detail and send you the structured data — no demo required.
Results in minutes • No signup required • Data deleted after sending
Your data is processed securely and deleted immediately after we send your results.
What is manual AR costing you?
Three streams of work: matching payments, investigating suspense, chasing overdue brokers.
Frequent errors, multi-invoice payments, name mismatches.
About one person's time across the underwriting team.
Core platform — reduces finance reconciliation time.
Lifts matching to 97%. Near-zero suspense.
Automated chase emails + DPO reduction.
$10.0M/mo in premium
$21.7M outstanding
1–50
Δ $30,000 vs finance
AU Premium Payment Warranty: 60 days from inception
5 days faster
* 97 % of broker payments match straight through with closing advice.
* Closing advice prevents ~99 % of items reaching suspense. $1 per residual follow-up.
* 80 % of chase emails automated. Underwriters handle only the disputes and write-offs.