A flexible accounting rules engine to manage the interface to ledger systems for creating, processing and reconciling journal entries. The web-based front end is simple to configure and maintain and provides a straight-forward interface and reporting suite to identify issues in a timely manner. The finance team can automate journal production and remove any risk from a key financial process.
As insurers develop and expand their operations it is increasingly important that they are able to integrate new businesses into their Finance systems seamlessly and efficiently. Often integration will be required to one or more General Ledger packages, for local and Corporate reporting.
POSTBOX, the accounting rules engine, was designed to meet this need and to make it straight-forward to manage the creation and processing of accounting journal entries across the enterprise. Automated reconciliation and flagging of failed or altered postings is a key part of the solution enabling accountants to readily know if there are issues with their General Ledger balances. POSTBOX works with a variety of General Ledgers and can manage processes across different time zones and from different source systems.
Phinsys developed POSTBOX as a specific response to the needs of the insurance industry, and to meet an overall objective of reducing the time spent on manually intensive and routine accounting tasks.
POSTBOX is capable of creating and processing large volumes of data from several different systems, at the same time reconciling the source to target on a real-time basis.
AN ELEGANT AND COMPREHENSIVE RESPONSE TO BUSINESS NEEDS