SchemeServe launches integrated accounting function

UK insurtech SchemeServe has launched an integrated accounting function, Digit, to enhance its insurance scheme software. Digit enables brokers to manage the whole transaction journey within SchemeServe from sub-agent reconciliation to insurer settlements and commission transfers, with dedicated ledgers for each.

Adam Bishop, CEO of SchemeServe, said: “Customers have been asking for us to integrate accounting into our system for a while, so I’m delighted we can now offer this great new module.

“The time saving for brokers is huge – no more rekeying and duplication of administration time. For some it has saved a full-time accounts person role, plus removing the costs of standalone accounting software.”

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