Blue Goose Software
Fulfilling Insurance Billing and Accounting Needs

Insurance companies are making concerted efforts to streamline their cash flow by eliminating inflexible invoicing and accounts receivable methods. However, most solutions that are available in the market are not specifically designed for the insurance industry. They cannot be customized as per the requirements of managing general agencies, (MGAs), program administrators (PAs) and wholesale brokers.

A company pragmatic in its design approach, Blue Goose Software has designed a platform that can be customized as per MGAs, PAs, and wholesale brokers’ financial requirements. This includes the general ledger, chart of accounts, commission structure, and any other nuanced billing structure in place. The platform achieves this while seamlessly supporting clients’ front-end management or policy administration system. Essentially, businesses get both fiduciary and operational general ledger accounting.

“We provide a closed accounting system that supports both operation and fiduciary financials,” says Crystal Keim, chief operations officer of Blue Goose.

Blue Goose’s accounting system can be integrated into clients’ existing or custom policy administration systems utilizing its premier and easy-to-use API. This relieves businesses from the pain of overhauling their backend systems. The company ensures the stability of a tried-and-true product and implementation process. This empowers clients to build their financial foundation from the beginning.

“We are not reinventing the wheel and making it tough. We create a novel wheel that works,” says Dana Platt, CEO of Blue Goose.

Blue Goose’s solution is versatile and capable of handling various billing scenarios, from agency billing and carrier billing to billing insured. It can handle even the most complex installment scenarios, with features such as tax reporting and easy-to-read agent account current or broker statements.

The solution ensures that it becomes effortless for clients to adjust yearly treaty requirements and set up configurations. It supports an automated clearing house (ACH) module, which is secure and encrypted to make payments to carriers and agents. It allows for debit capabilities to receive payments and offers agents a secure pay portal to submit payments without breaking a sweat.

In one instance, a large insurance agency made a significant investment to deploy an off-the-shelf accounting system. It did not integrate with their tech stack and failed to address their critical requirements. Blue Goose enabled this client to streamline the workflow while maintaining their existing IT infrastructure.

We are not reinventing the wheel and making it tough. We are creating a novel wheel that works

Blue Goose also offers Silver Financials (SF21), a robust financial reporting system with powerful query capabilities to cater to specific reporting needs. The new data warehouse enables the creation of tailored business intelligence and analytics using robust and customizable reporting tools. The platform’s accounting module employs the latest Microsoft server technology, using the new CORE (.Net).

“The days of a one-size-fits-all automation solution are really a thing of the past. Our aim is to give clients the ability to conduct their business in the manner they choose to,” says Kevin Kelly, business development director of Blue Goose Software.