Accounting Module
Real-Time Financial Control Across Every Entity and Ledger
Streamline Insurance Accounting
With Connected Financial Data
ISI Core’s Accounting module helps P&C insurers and MGAs manage financial activity across policy admin, billing, claims, and reinsurance within one connected environment. As a unified insurance accounting system, it captures transactions in real time and supports automated postings, general ledger controls, reconciliation, configurable reporting, and audit trails to help finance teams maintain accuracy, support compliance, and enhance financial visibility.
Key Capabilities That Strengthen Daily Operations
Unified Financial Management Across Core Modules
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Automatically capture transactions from Policy, Billing, Claims, and Reinsurance modules in real-time.
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Maintain synchronized sub-ledgers for payables, receivables, the general ledger and key business partner accounts.
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Configure automatic postings to support accurate journal entries and reduce manual effort.
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Consolidate financial data across departments, entities, branches, regions, subsidiaries, and parent companies.
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Eliminate manual adjustments through integrated reconciliation and real-time validation.
Flexible Configuration and Compliance Support
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Customize the chart of accounts by line of business, department, entity, or reporting structure.
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Manage fiscal years, periods, posting rules, and accounting parameters through configuration.
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Align with NAIC, OSFI, and IFRS 17 financial reporting standards.
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Create GL layouts and statements tailored to internal and regulatory requirements.
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Support multiple operating entities and multi-currency configurations within a single insurance accounting software environment.
Automated Accounting Workflows for Accuracy and Efficiency
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Automate postings for receivables, payables, premium transactions, and other financial events.
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Generate checks, ACH, or EFT payments and positive-pay files directly within ISI Core.
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Automate month-end and year-end closings with rules-based workflows and audit tracking.
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Enforce approval controls and exception handling to support accuracy, segregation of duties, and audit requirements.
Turn Financial Data Into Actionable Insights
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Build and access real-time dashboards using Analytics powered by AWS Quick to monitor cash flow, profitability, balance activity, and financial trends.
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Create detailed or summarized reports by business unit, region, or account type.
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Analyze performance across AP, AR, and GL to support planning, forecasting, and financial reviews.
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Strengthen financial oversight with reporting that supports finance, operational flexibility, and executive visibility.
Business Outcomes You’ll Achieve
With ISI Core’s Accounting module, insurers and MGAs enhance accuracy, transparency, and efficiency across their financial operations.
- Accelerate closing cycles and support cash-flow forecasting to drive better capital allocation.
- Improve collaboration between finance, operations, and executive teams for unified decision-making.
- Eliminate data silos with a single, integrated view of enterprise financial performance across all insurance software modules.
- Strengthen financial transparency and regulatory compliance with built-in audit controls.
- Reduce manual reconciliation and process inefficiencies through automated insurance accounting workflows.
- Support sustained growth by scaling accounting operations without added complexity.
See Other Core Modules
Policy Administration
Enhanced Precision and Team Performance
- Rules-Based Controls for Enhanced Underwriting
- Simplify Workflows for Every Policy Task
- Make Data Driven Decisions Based on a Unified View
- Adapt Quickly to Market Shifts
Billing
Real-Time Control for Every Policy, Payment, and Process
- Flexible Billing for Every Business Model
- Automated Workflows for Accuracy and Efficiency
- Real-Time Financial Oversight and Control
- Data-Driven Insights for Better Decision Making
Claims
Greater Accuracy and Control from First Notice to Final Payment
- Rules-Based and Adaptive Claims Workflows
- Gain Complete Financial Oversight
- Deliver Insight-Driven Decision Making
- Simplify Communications and Documentation
Reinsurance
Enhance Risk Sharing Through Automation and Visibility
- Complete Treaty and Facultative Management
- Seamless Integration Across Every Step and Module
- Automation and Controls That Reduce Risk
- Analytics and Partner Oversight
Policy Administration
Enhanced Precision and Team Performance
- Rules-Based Controls for Enhanced Underwriting
- Simplify Workflows for Every Policy Task
- Make Data Driven Decisions Based on a Unified View
- Adapt Quickly to Market Shifts
Billing
Real-Time Control for Every Policy, Payment, and Process
- Flexible Billing for Every Business Model
- Automated Workflows for Accuracy and Efficiency
- Real-Time Financial Oversight and Control
- Data-Driven Insights for Better Decision Making
Claims
Greater Accuracy and Control from First Notice to Final Payment
- Rules-Based and Adaptive Claims Workflows
- Gain Complete Financial Oversight
- Deliver Insight-Driven Decision Making
- Simplify Communications and Documentation
Reinsurance
Enhance Risk Sharing Through Automation and Visibility
- Complete Treaty and Facultative Management
- Seamless Integration Across Every Step and Module
- Automation and Controls That Reduce Risk
- Analytics and Partner Oversight
Supporting Modules
FAQs
Is the Accounting module designed for P&C insurer and MGA financial requirements?
Yes. ISI Core’s Accounting module supports general ledger, accounts payable, accounts receivable, journal entries, bank reconciliation, disbursements, financial reporting, and audit controls. It also supports insurance-specific requirements such as unearned premium reserves, loss reserves, reinsurance transactions, producer payables, statutory reporting, and insurer-specific chart of accounts structures.
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How does the Accounting module connect financial activity across ISI Core?
Transactions from Policy Administration, Billing, Claims, and Reinsurance are automatically captured in the Accounting module in real time. Synchronized sub-ledgers support payables, receivables, the general ledger, and key business partner accounts, reducing the need for manual reconciliation.
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Can ISI Core support multiple entities and currencies?
Yes. The Accounting module supports multiple operating entities and multi-currency configurations within one environment. Financial data can be consolidated across departments, entities, branches, regions, subsidiaries, and parent companies.
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Can we configure our chart of accounts, posting rules, and approval controls?
Yes. Insurers and MGAs can configure chart of accounts structures, segment mapping, fiscal periods, posting rules, approval workflows, and accounting controls. Approval rules can be configured by role, department, transaction type, or exception scenario to support segregation of duties and audit requirements.
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What accounting processes can we automate?
ISI Core supports automation for reconciliations, journal entries, recurring postings, disbursements, payment files, financial consolidations, and close-related workflows. The module can also generate checks, ACH or EFT payments, and positive-pay files.
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Can ISI Core generate audit-ready reports and financial statements?
Yes. ISI Core supports trial balances, income statements, balance sheets, audit trails, and financial reporting based on insurer-specific chart of accounts structures. Reports can be exported for internal review, audit preparation, and regulatory reporting.
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How does the Accounting module support regulatory and governance requirements?
The Accounting module supports GAAP, IFRS, OSFI, and NAIC reporting needs. Full audit history, role-based controls, configurable reporting structures, approval controls, and exception handling support regulatory and internal governance requirements.
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Can the Accounting module be implemented independently?
Yes. The Accounting module can be implemented independently or as part of the broader ISI Core suite, allowing P&C insurers and MGAs to address accounting and financial operations as an individual priority.
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