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Description
Functional Finance serves as the engine for insurance billing and payments, managing the flow of money once a policy decision is finalized. Positioned between the policy management system and the general ledger, it processes policy events such as bindings, endorsements, cancellations, and reinstatements, executing the corresponding financial commitments with precision. The system adeptly oversees billing, invoicing, payment collection, cash application, treasury routing, and the payables for distribution partners, accommodating various models like agency bill, direct bill, installments, and premium financing. Payments are systematically applied at both the policy and line-item levels, ensuring that commissions and remittances remain aligned while maintaining an auditable trail for every transaction. Consequently, this results in a financial operations system that is aware of policy details, replacing the need for manual reconciliation with streamlined and scalable processes that enhance operational efficiency. Ultimately, the integration of these functionalities fosters a more reliable and transparent financial environment within the insurance sector.
Description
ReconMonitor empowers you to oversee your workflows, ensuring that repairs progress seamlessly from the moment a vehicle is acquired until it reaches the customer. For teams operating outside of a fixed location, this tool serves as a comprehensive remote control. When paired with ReconPro software, it allows you to monitor every employee task or sublet, managing the performance of these tasks effectively. The system is equipped with automatic alerts that will inform you if a sublet or employee falls behind, while also providing multiple levels of visual notifications if any job misses a critical milestone. This functionality aids in accelerating your repair processes. Features include VIN scanning and decoding, management of customer records, the ability to attach photo and video inspections to specific work orders, and streamlined approval processes for both bulk and line-item tasks. Additionally, the system grants access to OEM parts and specifications, mechanical labor hours, and facilitates parts ordering. By integrating all these capabilities, ReconMonitor enhances operational efficiency and keeps your repair workflow on track.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$395 per month
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Functional Finance
Country
United States
Website
functionalfi.com
Vendor Details
Company Name
AutoMobile Technologies
Founded
2006
Country
United States
Website
amt.company
Product Features
Product Features
Auto Dealer
Accounting
Buy-Here-Pay-Here
Collections Management
Contact Database
Customer Database
Document Management
F&I Management
Financing Management
Form Printing
Inventory Management
Lease Management
New Car Dealer
New Car Lot
Online Inventory
Parts Management
Sales Management
Service Department
Used Car Lot
Website Integration
Car Rental
Billing & Invoicing
Fines Management
Fleet Management
Quotes / Estimates
Rate Tables
Reservations Management
Split Billing
Vehicle Tracking