Monitor All Policy Sales and Ensure Accurate Commission Tracking
As you secure more business, gain a comprehensive view of the generated commissions and identify the most lucrative opportunities. Understand precisely how much revenue should be incoming to gain an accurate sense of your cash flow.
Flexible Support for Either Direct or Agency Billing
Whether your business involves coordinating everything with customers or managing coordination on behalf of the insurance carrier, ensure you have the right accounting support to keep financial visibility up-to-date and your operations moving forward.
Monitor Policy Dates and Get Ahead of Renewals
The most straightforward way to grow your business is to retain customers as their policies come up for renewal. Proactively engage in conversations early, securing future policies with detailed financial tracking and a deep understanding of your most lucrative opportunities.
Track Expenses with Precision As You Scale
Whether you're a solo operator or part of a larger team, having the right accounting foundation will significantly reduce the time spent on repetitive monthly tasks. As the sales team expands and commissions need to be paid out, meticulously track all expenses across the department. Easily link everything to payroll, ensuring everyone is content and well-compensated.
Avoid Unexpected Chargebacks with Better Cash Flow
Prepare for all scenarios with effective cash flow management and prudent fund storage. While nobody wants a policy to be canceled prematurely, strategic planning and avoiding any fund shortages will distinguish your business and ensure its stability.
Get the Right Partners For Your Needs
Fractional CFOs for Insurance Agencies
Up-to-date financials for your insurance agency make it easier to build the strategy. We can help you find a fractional CFO with experience in all the nuances of an insurance agency business to best plan for the future.
Accounting Technology for Insurance Agencies
Its tough to understand the best technology and the ideal approach for insurance agency accounting on your own. Decimal will build processes and systems for your needs that work with your broader business.