Accounting software for insurance companies
Insurance brokers need to act fast on reliable financial data. iplicit is an award-winning and agile alternative to the complex systems in the marketplace such as NetSuite, Sage Intacct and Dynamics. You can be gaining all the benefits of iplicit in 16 days on average.
We understand the needs of insurance companies
Our powerful, true-cloud accounting software offers the visibility and control that insurance companies need from a finance system, in order to drive consistent growth, coupled with the flexibility required to pivot and adapt to the ever-changing landscape.
A-One insurance switched from Sage 50 to iplicit in 2021:
“The real-time reporting has been business changing. We’ve been able to consolidate all the businesses at once so we can grab very realistic and up-to-date snapshots at a moment’s notice.”
Sarah Smith, Group Operations Director, A-One Insurance.
Discovery
Interviewees
Sarah Smith - Group Operations Director
Danielle Morris - Accounts Manager
Sam Perkins - Assistant Management Accountant
Tell us a little about A-One Insurance Group…
A-One Insurance Group has been running for well over 25 years. There are nine companies within the group and we have well over 150 staff throughout the South coast. We worked with sage 50. I have to say, the pain we went through was horrendous information wasn't being consolidated. There were replication conflicts. We were literally driving the business blind. And then when COVID hit, and we were going hybrid, nothing worked.
So, you realised you couldn't carry on the way you were working; what happened next?
We did a little bit of market research - Xero was too basic for what we needed and the bigger players in the market, NetSuite, Intacct and Dynamics just seemed too complex and too expensive. We were kind of stuck, then literally we just had a recommendation – someone said, “why don't you try iplicit?”
iplicit was unlike anything we'd seen before and the staff attentively listened to our needs. And the icing on the cake for us was the fact that from the moment we decided to action and proceed to getting people set up, trained, it literally took 15 days!
A-One Insurance Group discusses the benefits of moving to iplicit
Watch our video case study - The A-One Insurance team discusses the problems they faced prior to implementing iplicit, and the benefits experienced since going live with the new finance system.
"From the moment we decided to action and proceed to getting people set up and trained, it literally took 15 days!"
Company Snapshot
Sector - Insurance
Number of iplicit users
4 Financial Users
84 Team Users
Previous System
Multiple copies of Sage
Go Live
October 2021
Website
www.aoig.co.uk
Unrivalled insights to give brokers the edge
Key for businesses to succeed, is having up-to-date insights that show how the company is performing.
iplicit offers enterprise-level reporting functionality with unlimited dimensions at both a subsidiary and consolidated level. This gives you realistic and up-to-date snapshots at a moment's notice.
Customise your reporting to your needs: by department, broker, policy, policy type. Report on any value against each of those dimensions including revenue, claims and commissions.
User-friendly accounting software
Improve productivity and job satisfaction with our easy to use platform and automation tools.
Copy and paste transactions, import bank statements, set up recurring journals. Consolidate all your entities within the system. As iplicit is so intuitive, you can find exactly what you're looking for and it makes day to day work quicker and more efficient.
"Iplicit has enabled the whole business and the management team to move forward.” Sarah Smith, Group Operations Director, A-One Insurance Group.
Fast onboarding
iplicit has an expert team of implementation consultants who will work with you to get you onboarded quickly.
It takes 16 days on average to set up so there’s no need to wait for a long-winded ERP implementation. Insurance companies can start realising the benefits straightaway.
Why should you upgrade to iplicit?
Powerful reporting and consolidation
iplicit offers powerful reporting capabilities allowing customers to get real-time insights into key metrics and KPIs. Consolidate 1000s of entities in minutes.
Process automation
Reducing manual workload is at the heart of what we do. iplicit will help you automate highly manual tasks like consolidation, billing, and revenue recognition.
A true cloud platform
iplicit is available anywhere, on any device connected to the internet through any modern browser or through our mobile app. We are also API first, making integrations easy.
Cloud accounting software for Insurance brokers
Unlimited Flexibility
iplicit offers unlimited dimensions allowing customers to slice and dice their data in as many ways as they need to gain the insight required to drive growth.
Dashboard Reporting & Analytics
Create powerful dashboard reports to easily visualise key metrics and KPIs.
Credit Control Capabilities
Easily customise your dunning processes to improve payment collection and reduce DSO. We also offer native direct debit functionality too
Auto Bank Feeds
Auto bank feeds come as standard, speeding up bank rec and payment processes and removing the chance of manual error during uploads
Real-time Consolidation
Our single unified architecture means that transactions are only entered once and are automatically consolidated in real-time for easy reporting.
AP Automation
Optimise your processes and utilise time saving technology to remove the burden of manually managing your precure to pay process.
Intuitive Workflow Engine
Easily customise workflows in iplicit so that the system works the way you need it to with all the approvals and controls you require.
AP Automation
Optimise your processes and utilise time saving technology to remove the burden of manually managing your precure to pay process.
Timesheets & Expenses
Timesheets and expenses available through our mobile app or on any modern browser.
Project Accounting
Powerful project module allows for users to easy manage and gain visibility over key project metrics such as project profitability.
Automated Billing & Revenue Recognition
Utilising our automation engine, customers can fully automate their billing and rev rec processes, removing the need for clunky and error-prone spreadsheets.
Affordable & Accessible
With a competitive price point and an average of 15 days to go live, iplicit puts the power of enterprise-level accounting software in the hands of mid-market organisations.
API-first Architecture
Built to be extensible, iplict is easily integrated into other key business systems to provide a real-time single source of truth.