Revenue Recognition
Ensures accurate, GAAP-compliant recognition of income streams in real time.
For MGAs, agencies, carriers, and brokers
Beyond Insurance Accounting
Redefining the financial operations landscape with an industry-specific accounting platform that unifies billing, payments, and accounting into a compliant, automated solution.
Clear. Controlled. Connected.
BIA revolutionizes insurance accounting by automating the source-to-ledger process. With AI-powered data ingestion, low-code rule mapping, and automated reconciliation workflows, BIA provides accurate, audit-ready financials in real time. This next-generation cloud-native platform enables CFOs and finance leaders to pivot from reactive reporting to strategic decision-making, while maintaining compliance and minimizing operational overhead.
Functional Capabilities
BIA offers a robust suite of modules designed to meet the unique challenges of insurance finance:
Invoice Generation & Recognition
PAS Integration
Commission Management
Carrier Settlement Processing
Trust Account Management
Automated Cash Matching & Bank Reconciliation
User Management & Role Assignment
Invoice Generation & Recognition
Multi-Currency Support
Handles foreign exchange rates and currency conversions seamlessly across policies and claims. Able to invoice in the local currency but settle with Underwriters in another.
Audit-Ready Ledger Entries
Produces detailed, traceable entries to support reconciliation, external audits, and compliance reviews.
Billing
Eliminates the complexity between policy operations and financial reporting. By automatically converting policy data into accurate invoices and accounting records, we help accelerate cash flow, reduce operational costs, and maintain compliance.
Product Architecture
Product Architecture
Ensuring scalability, seamless integration, and comprehensive business insights
Cloud-native and containerized
Utilizes cloud container technology for scalable and efficient deployment.
API-first and integration friendly
Designed with an API-first approach, BIA ensures seamless integration with various systems.
Microservices architecture
Supports a flexible and modular microservices architecture for enhanced scalability and maintenance.
Multi-tenancy support
Accommodates multiple tenants with data isolation and efficient resource usage.
Secure and compliant
Ensures data security with encryption at rest and in motion, adhering to the strictest compliance standards.
