From GlobeNewswire: 2025-04-29 09:00:00

Applied Systems® introduced Automated Statements, an AI-powered statement recording and reconciliation app for direct bill commissions and agency bill payables in fall 2025. This app, embedded in Applied Epic’s General Ledger, allows users to easily upload statements in any format and use AI to extract data, saving time and improving financial data quality.

Automated Statements automates accounting workflows in Applied Epic, covering over 90% of certified P&C and Benefits carriers. It enables data extraction from various statement formats, advanced matching to plans and policies, and quick submission to the General Ledger with a single click. This AI-powered tool helps finance teams reconcile statements efficiently, ensuring accurate payments and reducing back-office costs.

Chase Petrey, president of Applied Pay at Applied Systems, highlighted the demand for automation in back-office tasks like direct bill commissions and agency bill payables. By integrating Automated Statements into the general ledger, Applied Systems aims to streamline money movement processes, making them simpler and faster for finance and accounting teams.

Applied Systems is a global leader in cloud-based insurance software, known for automating insurance processes and innovation. Their agency and brokerage management systems serve customers in the U.S., Canada, the Republic of Ireland, and the U.K. By automating the insurance lifecycle, Applied Systems helps millions protect what matters most.



Read more at GlobeNewswire: Applied Announces New AI-Powered Accounting Automation