ABS Receipt Manager is an optional add-on. It simplifies receiving premium payments. It looks up policies and enters all the needed info. This lowers the chance of human error. Single receipts can be issued for multiple policies, even from different carriers. This is optional because some offices receive few premium payments and can do with a plain receipt book. Busier agents receive lots of premium payments. This speeds the process, increasing efficiency.
The software also creates end-of-day settlement reports. They summarize transactions by Carrier and Client, and provide grand total that help manage Trust Accounts.
Anti-fraud safeguards are included. When a receipt is printed, it is automatically logged with date, time, who received the payment, the client name and policies paid for. In the case of a voided payment, the same kind of logging takes place. Those activities are also included in the end-of-day report. We can't stop people from being dishonest, but we can make it more difficult for them. Especially if they know there is a trail of their actions to trip them up.