February 9th, 2016 [1-2 p.m. Central] - Applied Epic Processing Direct Bill Business
Leading insurance business practices through education and advocacy.
This session will enhance and advance your knowledge of reconciliations, downloads, imports and direct-bill commission reports by managing effectively and efficiently. Once you know various methods for managing direct-bill revenue, you will be armed to make decisions or implement the changes best suited to your agency’s operations.
The conversion to Epic can be daunting. Agencies and brokerages that underestimate the importance of a deliberate conversion, and the effort involved in one, or that do not have a solid conversion plan and the team necessary to carry it out often struggle with day-to-day operations once they are live. We will review some best practices of agencies that have had successful conversions as well as the areas that made other agencies stumble – and have caused too much clean-up work going forward.
Agents rely on commissions from carriers. Unfortunately, it takes a typical agency about one hour to manually process 50 commission statement transactions. Using Applied Epic, learn how Direct Bill Commission Download (DBCD) automates the commission process, making it easier for you to do business with insurance carriers.
Often a key concept when talking about Producer compensation, performance-based compensation is a must-have for EVERY non-owner position in the agency to step up to the next level of production, efficiency and overall profitability in agencies – everyone needs a little “skin in the game”.