As a component of electronic accounting they are especially notorious because they lump together multiple transactions that have to reconciled at a detailed level to the movement of money.
To allocate the cash, carriers have to reconcile each line item in the bordereaux and its corresponding cash allocation. It’s a time-consuming manual process that often results in further queries.
Our award-winning process breaks down the financial bordereau into its component parts and converts each line-item into structured data, removing the need for time consuming manual reconciliations and eliminating unallocated cash.
With complete visibility of the binder, its contents can be automated, finally giving rise to the real saving that binders were always intended to provide.
The relationship between the Broker produced binder TA and all the relevant Binder Attachments (as contained in the supporting Bordereaux) is preserved in WCL’s enabledAccounting.
Speak to our team
+44 (0)20 3908 3200 info@webconnectivity.uk
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.
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.
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.
