Agency Accounting 101
In Applied Epic, this reconciliation workflow helps agencies track and pay amounts owed to carriers or brokers for agency-billed business.
Premium payables reconciliation
How much can a premium amount be before our integration requires the agency to enter Minimum Earned Premium and Additional Days to cancel?
100000
How many copies of a statement type do customers need to provide for us to map or certify that carrier statement format?
3
What does UGM stand for?
User Generated Mapping
True or False: Autofill for PF is available to all agencies who purchased PF on the Saas fee model
True
This person was announced as the 2026 keynote speaker at Applied Net
George W Bush
This process in Applied Epic makes is easier to record repetitive general ledger entries not captured through month-end journal entry postings
What are default/recurring entries
Which premium finance company was aquired by AFCO a few years ago, whose legacy customers can access Embedded Premium Finance?
Bank Direct
True or False: Applied Recon for agency bill supports Invoices and Statements at launch
False: Invoices are coming in Q3
Many agencies (especially in Canada) can't use Recon until we address a certain type of accounting workflow sometime in Q3. What is that workflow called?
Transact & Reconcile or accrual based accounting
For lawsuit impacted customers, what 3P reconciliation tool are we reccomending they consider outside Applied Recon?
Ascend
This new Applied team member owns 45+ power tools and lives in Arizona
Who is Lorraine Harris
Direct bill import, Direct Bill Commission Download (DBCD), Applied Recon, Record Commissions, and transacting are means to complete this process.
Transact/record direct bill transactions.
Who was the first agency to turn on Auto-fill powered PF quoting?
Gilsbar
Who are the only 3 people authorized the approve Recon pricing for customers?
MItch Prosperi, Dave Stevens or Chase Petrey
What is the current GA date for Agency Bill Recon?
July 3rd
If an agency wants ePay transactions to write back into Epic, what kit do they have to pay for in order to make that possible?
SDK
Applied Systems owns a family of brands: name at least three beyond Applied Systems itself.
IVANS, EZLynx, Indio, Tarmika, Cytora, Planck
This Applied Epic process compares recorded cash activity against the bank statement, helps surface missing receipts or disbursements, and should end with a zero difference before finalization.
Bank Reconciliation
Users can now take premium finance agreement quote numbers that were generated outside our intergration, enter them in new payment from client and provide the same checkout experience as though the PFA was generated via our integration. Which 2 premium finance companies is this live for?
FIF and IPFS (not yet AFCO)
By the end of this year, we intend to have e ways for a statement can get automatically uploaded into Recon without a user having to drag and drop it. What are those ways?
Gather via email & Gather via Agentic via websites and portals
If a servicing team member has to apply for a premium finance agreement manually on a finance company portal, roughly how many fields of data do they have to populate?
40-50 (anything in the 40s or 50s is acceptable)
This Applied Leader's headshot was replaced by a photo of Beaker the Muppet at last year's Applied Net keynote
Who is Chase Petry
Revenue and expenses are calculated from transaction data and posted to the general ledger when this setting is enabled.
Generate Journal Entries.
Applied Pay sends Servicing Role details to FIF and IPFS. Where are these configured?
PF Group > Email Notifications
When Enhanced Matching is disabled, Applied Recon uses only these four criteria (i.e. data points) to find matches
What are exact policy number, PPE, line of business, and term dates?
When cash receipting goes live for DB Recon, how will the bank details intially get entered into Epic?
Bank statement upload (CSV of transactions needs to be drag and dropped into Epic)
Which company recently merged with Ascend?
Honor Capital
This FM coworker is responsible for onboarding the most embedded premium finance agencies in both number of agencies and volume of loans
Jessica Hansell