Finance Controls for insurance brokers

Commission structures across POSPs, teams and insurers are hard to reconcile from spreadsheets alone. Finance Controls is one of the six core capabilities inside PolicyIQ | One, alongside POSP Management, Sales CRM, Policy Management, Renewal Management and Claims Servicing.

As a brokerage's network of POSPs and teams grows, so does the complexity of who earns what, on which policy, and when it's due. Finance Controls keeps that calculation tied to real activity rather than a separately maintained ledger someone has to keep updating by hand.

What challenges does Finance Controls address?

• Commission structures that differ by insurer and POSP, tracked manually
• Receivables and payouts reconciled by hand across spreadsheets
• Limited visibility into commission accuracy
• Difficulty auditing financial activity across a growing network

How do Finance Controls fit into PolicyIQ | One?

Finance Controls draw on the same policy, renewal and claims activity recorded elsewhere in PolicyIQ | One, so commissions, receivables and payouts reflect what actually happened in the business rather than a separately maintained ledger. Role-based access keeps sensitive financial data visible only to the people who need it.

What do Finance Controls include?

• Commission calculation drawing on real policy and renewal activity
• Receivables and payout tracking in one workspace
• Role-based access to sensitive financial data
• Reporting across POSPs, teams and branches

What outcomes do Finance Controls support?

• More accurate, less manual commission tracking
• Clear financial visibility for brokerage leadership
• A defensible audit trail for financial activity

Related PolicyIQ | One capabilities

• POSP Management — the network Finance Controls calculates commissions for
• Renewal Management — renewed policies that feed commission calculations
• Back to the PolicyIQ | One overview