Full-service agencies adopt Applied Book Builder and Applied Recon to improve cross-sell and upsell insights, automate commission adjustments to drive growth, and significantly reduce administrative costs
Applied Systems announced that Stockman Insurance, a bank-affiliated insurance agency with 15 locations, has selected Applied Book Builder and Applied Recon to provide faster access to critical information, enhance operational accuracy, and more effectively grow the agency’s business. Applied Recon, part of Applied’s suite of insurance AI solutions, delivers AI-powered accounting automation by unifying financial workflows and reconciling carrier fees and pay statements faster and more accurately. Meanwhile, Applied Book Builder enriches your commercial accounts with actionable insights that support rounding up your accounts and growing new business. These innovations are built natively into Applied Epic, embedding intelligence directly into everyday workflows to enable automation and insights without adding disconnected tools or manual steps.
“As our agency continues to grow and add new lines of business, we needed a smarter way to manage the growing amount of data and reduce the amount of manual labor required to support our team,” said Marcy Parks, director of operations at Stockman Insurance. “Applied Book Builder and Applied Recon have brought to light the information we need, streamlined commission reconciliation and bookkeeping, and given our staff more time to focus on advising clients and identifying new business opportunities.”
Applied Book Builder™ is Applied Epic’s AI-powered risk intelligence tool that transforms disparate account data into a comprehensive view of upsell, cross-sell, and new business opportunities. The solution enriches your account with data from thousands of public sources, highlights coverage gaps and additional risks at renewal time, and allows you to quickly retrieve business details from just your name and address. It also generates clear and summarized coverage proposals that simplify conversations with clients and improve transparency of the proposals being made.
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Applied Recon™ is an AI-powered reconciliation solution built into Applied Epic that allows agents to integrate accounting workflows into a system they know and trust, significantly reducing administrative and training burdens. The solution ingests PDF, CSV, XLS, and AL3 (Ivans) statements from property/casualty insurance and benefits companies, cleanses and transforms the data for near-perfect accuracy, and uses key signals to match direct bills to Applied Epic policies and plans while continuously learning to improve results. Reconciled statements can be posted directly to Applied Epic’s general ledger, and all statements are saved and tagged for clear auditing and reporting.
“Growing an insurance business today means having more time to focus on the core job of advising customers, and administrative tasks need to be automated with reliable AI-powered systems,” said Anupam Gupta, Chief Product Officer, Applied Systems. “Applied Book Builder and Applied Recon relieve the heavy burden of manual data collection and entry, allowing agencies like Stockman Insurance to use their expertise to advise clients and grow their businesses with confidence.”
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