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Linking Insurance Agency Accounting and Commission Downloads

Linking Insurance Agency Accounting and Commission Downloads

Most well-run independent insurance agencies eventually fall into the “routine trap.” This is the phenomenon of sticking to established systems and processes, experiencing some success – but missing out on growth. Other names for this condition are the “that’s the way we’ve always done it” syndrome or the “if it’s not broken, don’t fix it” disorder. (more…)

Simplify Insurance Agency Accounting with Integrated Accounting

Simplify Insurance Agency Accounting with Integrated Accounting

Insurance agency accounting may not be at the top of your mind. But it’s still taking up your time – 40% of small business owners in 2015 spent 80+ hours a year managing accounting tasks.

Is your agency accounting giving you a migraine or at least a mild headache? Consider the benefits of switching to an integrated system. An integrated accounting system syncs accounting with your insurance agency management system, creating one cohesive operation. With the right system, you end up saving time and money while improving your reporting.

Read more about integrated systems in Working Together: The Power of Integrated Systems

Benefits of Integrated Accounting

The benefits of integrating accounting with your agency management system include:

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Millennials in Your Agency: Recruiting and Retaining Young Talent

Millennials in Your Agency: Recruiting and Retaining Young Talent

Preparing for and looking to the future is an important part of insurance agency management. But, the future may be here faster than you think. Recent estimates predict property and casualty agencies will need to fill nearly 400,000 positions by 2020. Independent insurance agencies face a particularly high need as the average principle is close to 60 years old.

How can you ensure your agency will continue to grow as members of your staff reach retirement?

One way to prepare is adding Millennials (those aged 18-35 according to the Pew Research Center) to your staff now, while experienced staff members are still around.

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