A multi-module management system designed by StoneRiver for finance & insurance companies.
StoneRiver financial solutions are tailored to meet the unique requirements of insurance accounting, and they are expertly installed and supported by insurance specialists. Used by hundreds of insurers, these flexible applications expedite access to key financial information for informed decision making and convenient reporting.
StoneRiver offers more than one solution in some categories: PRO Financial solutions are based on a relational database and provides the transaction processing speed that mid-size and larger insurers require. PTE Financial solutions are proven and affordable, and they’re easy for start ups and smaller insurers to implement and maintain. StoneRiver representatives will help you determine which one fits you best.
StoneRiver develops, implements, and supports a comprehensive range of technology solutions that are specifically designed for insurance carriers. This versatile group encompasses financial, compliance, policy, claim, rating, underwriting, billing, and reinsurance systems for all major business lines.
PRO Financial AP is a rules-driven system that lets you establish rules for cash management, and vendor management-supporting one-time and recurring vendors, as well as rapid set-up for new vendors. Front-end, user-defined rules can distribute invoice amounts over multiple companies and multiple accounts within companies. Rapid invoice windows and skeleton invoices save time with user-defined invoice types that recall pre-defined account distributions, as well as inter- and intra-company allocations. Recurring invoices can be set up for automatic release, and payments can be automated for wire transfers, bank drafts, or EFT.
Insurers use the PTE Financial Accounts Payable system to generate claim checks, premium refunds, and agent commissions, as well as traditional vendor payments. It can be integrated with most premium/claims systems to facilitate the speed and accuracy of data transfer. When manual AP data entry is required, your efficiency is enhanced through automated recurring entries, rapid data entry mode, vendor defaults, and online vendor history.
eFreedom Annual Statement software is packed full of time-saving features that simplify and accelerate the process of collecting, processing and submitting your quarterly and annual NAIC filings. Here are just a few of the features that attract insurance accountants:
The user-defined account structure within the PRO Financial GL makes it easy to build reporting logic into the system. Reporting hierarchies can be established by business unit or department allowing you to report on lines of business, types of coverage and more.
This proven solution was specially developed to handle specific financial needs of insurance companies without additional tailoring. Insurance financial professionals appreciate its suspense tracking, budgeting and forecasting features. Built-in reports compile and present information that is truly meaningful to insurance managers and executives.
Power2Pay software provides a full range of print and electronic payment options including laser printed checks, EFT capabilities, and check imaging. The system’s intuitive user interface guides new users step-by-step through system processes and provides timesaving shortcuts for experienced users.
FRS is designed to improve accuracy in premium calculations and to ensure that the primary carrier receives its proper recoverables. At intervals selected by the user, the system creates premium and claims cessions using the contents of contract master files, and the company’s premium and claims files.
Both facultative and treaty cessions are calculated, including quota share, excess, catastrophe excess and aggregate excess of loss. Premiums can be ceded on either a written or earned basis, and the system will handle both fixed and sliding commissions. The system allows for maximum flexibility in applying both facultative and treaty cessions, as the user can create any criteria necessary for cessions easily when the contract records are built.
Did you know that uncashed checks and unclaimed benefits cannot legally be returned to your asset base? TRACKER software helps you streamline the labor-intensive process of managing and reporting escheatable property to each state where you do business. And it helps protect your organization from penalties and interest associated with non compliance.
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