Upgrading From the Failed Promises of Bots, RPAs, & Offshore Consultants

Can you count dollars while making dollars count?

Leaders from these functions are aware that if they don’t do their job correctly, or on time - somebody, somewhere doesn’t get paid in time. That’s a lot of pressure, phew!
And, unlike common narrative, they are constantly on the lookout to improve & finesse their workflows - looking for better Software Vendors, Offshore Labor, and Talent.

“For decades, Accounting & Finance teams at Insurance brokerages have been underserved by technology.”

But unfortunately, both Accounting & Finance organizations have been traditionally underserved when it comes to technology in all these 3 areas:

Software: Instead of blazing fast APIs, they got RPA/bots that are expensive, have high maintenance overhead, and work at 1 mile per hour. The biggest downside being the marginal value delivered by bots is scoped to “mindless-data-entry”.

The failed promises of Software Vendors (aka RPA/bots) led Insurance Brokers to offshoring.

Offshore Labor: When Insurance Brokers tried to augment these mindless bots with offshore humans, they got data entry errors, training, compliance and management overhead across timezones. Now in 2024, even the cost of labor arbitrage is diminishing.

The failed promise of offshoring led them to look for more talent.

Talent: When Insurance Brokers tried to ease the pain with more onshore talent, the whole industry is standing at a critical juncture where on one hand ~40% of Insurance workforce will retire in the next 5 years and the Accounting sector is facing severe talent shortage.

So, what’s next? Should they just burn more midnight oil in stacks of commission statements? Build faster horses (aka bots)?

This led us to build Eventual Treasury - purposely & exclusively designed for Accounting & Finance Insurance Brokers with native integrations to your AMS, CRM and ERP systems.

Eventual Treasury’s Copilot has 3 key pillars that solves 3 key pain points in 3 simple steps:

Revenue Auto-Reconciliation

Our copilot automatically processes Direct Bill & Agency Bill carrier statements & deposits, applies cash, reconcile policy transactions. No bots, No OTPs, No hassle.

Revenue Recovery

Our copilot automatically identifies shortfalls/underpayments, and assists you in recovering missing commissions and contingent revenue.

Real-time Financial Forecasting

Our copilot automatically builds a financial forecasting model with powerful drill-downs & auto-generated insights for your executive team grow your books strategically.

Final thoughts

Accounting & Finance Teams are overworked & under-appreciated. They battle complex business-critical workflows with inefficient software. Its time to change that.

About Eventual Treasury

We take pride in our Revenue Operations Copilot purposely-built for Insurance Accounting Teams. Our Copilot is built on three pillars, the three key revenue workflows of Insurance Accounting - Revenue Reconciliation, Revenue Recovery, and Financial Forecasting.

Now you can close your books in seconds instead of weeks, and have a real-time P&L view into your system. Let's count the dollars while making dollars count!