Clear remittance requests with exact policy breakdowns. When you pay, it is matched automatically. No more back and forth over what was paid against which policy.
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You still pay by bank transfer. You still send your remittance documents. The difference is that the request from the MGA arrives with exact policy breakdowns and amounts, and when you send payment, it is matched and confirmed automatically. No more:
The bank reference was truncated or missing a policy number. The MGA allocated the payment to the wrong policy. Now you are both spending time fixing something that should never have happened.
You sent one transfer covering three policies. The MGA thinks it covered one. Nobody can agree until someone digs through emails from two weeks ago to find the remittance document.
The MGA received the funds but cannot tell which policies it covers. You get an email asking for a breakdown. You dig through your records, rebuild the remittance, and send it again.
Someone at the MGA is on leave. The person who handles reconciliation is busy with bordereaux. Your payment sits in their bank account, unallocated, and you have no visibility into why.
You think you are owed commission on a settled policy. The MGA has a different number. Neither of you can point to a single source of truth because commission was calculated in separate spreadsheets.
Every MGA has a different template, different format, different expectations. You end up with a different spreadsheet for each relationship, with no consolidated view of your book.
What You Get
Clear remittance requests from MGAs with exact per-policy amounts. You know exactly what is owed, for which policies, with no ambiguity. No more deciphering spreadsheet attachments.
Send your payment confirmation (PDF or email) and the system extracts and matches it automatically. The MGA sees the match immediately. No more manual broker settlement reconciliation.
Single view of what is outstanding across all your MGA relationships. Filter by MGA, by age, by policy. Know exactly where your book stands without building a report.
Commission earned and settled, visible per policy. Sub-brokerage splits handled automatically. No more disagreements over what is owed because everyone is looking at the same record.
Portal access scoped to your book only. Your policies, your payments, your commission. No noise from other brokers on the network.
BBNET is free for brokers. No licence fee, no per-policy charge. You get a better experience and your MGAs get faster reconciliation. Everyone wins.
One contact point for remittances across all your MGA relationships. No change to your process, just fewer issues.
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