enabledAccounting

Do away with manual interventions and quickly gain the benefits of Ruschlikon standard digital accounting processes.

Who is using WCL

What are they saying about us

The Ruschlikon process powered by enabledAccounting transformed our accounting and settlement model and allows further improving client services.
Simon Squires, AXA XL

Transforming the insurance accounting process

Faster premium collection and claims settlement is critical for all global insurance carriers. The more efficient this process is, the less unallocated cash insurers and reinsurers have.

60 Day

Improvement in information transfer between trading partners

Unallocated Cash

Completely eliminated across the digital portfolio

30%

Improvement in turn around times compared with manual processes

Ready to learn more?

Supercharging the Ruschlikon Initiative

Existing manual accounting processes are often inefficient – littered with data errors, incompatible files and too many queries. Insurers and reinsurers devote too much energy to back office account reconciliation, draining resources from innovation and credit control efforts. 

The Ruschlikon Initiative set out to create a new standardised way of working to tackle this problem.

With WCL, insurers and reinsurers can adopt Ruschlikon best practices and digitise the accounting settlement, and claims process. enabledAccounting can improve back office efficiency, reduce accounting error, and put insurers and reinsurers back in control of accounting and settlement processes. It’s a solution with far-reaching impacts.

WCL enables more reinsurers to implement the globally accepted Ruschlikon protocol than any other technology vendor.

Improved Efficiency

enabledAccounting eliminates snags within accounting procedures. Standardised Technical Account and Financial Account (FA) messaging reduces excess queries between insurers, reinsurers, and brokers.

Users can also review, categorise, and query transactions; notifying brokers of acceptance or issues.

Established Control

enabledAccounting is fully compliant with Ruschlikon Initiative standards for technical accounting and settlement.

Features are secure and auditable. Outputs feed seamlessly into underwriting and workflow systems through APIs. Insurers and reinsurers can manage the electronic accounting and settlement process from start to finish.

Increased Certainty

enabledAccounting removes the inconsistencies that can prolong accounting and settlement cycles.

The electronic accounting platform reduces the chances that manual errors, calculation variations, or incomplete datasets will delay reconciliation. enabledAccounting allows accounting standards to expand across regions without adding hours of standardisation work for accounting teams.

Ready to learn more?

For further information, please contact one of the WCL team today:

+44 (0)20 3908 3200 | info@webconnectivity.uk

Register & download the factsheet

If you would like a no obligation discussion on enabledAccounting or you would benefit from occasional updates and information regarding WCL and our products please include your email address below.

or

No, thank you

I just want to download the factsheet

Register & download the factsheet

If you would like a no obligation discussion on enabledAccounting or you would benefit from occasional updates and information regarding WCL and our products please include your email address below.

or

No, thank you

I just want to download the factsheet

Register & download the factsheet

If you would like a no obligation discussion on enabledAccounting or you would benefit from occasional updates and information regarding WCL and our products please include your email address below.

or

No, thank you

I just want to download the factsheet