separate accounts

The erp insurance brokers implements a set of automated accounting procedures aimed at transparency and traceability of the management of client funds.

In front of more than 400 attendees, ebroker erp insurance brokers held a free webinar seminar this Monday in which it presented in detail the new functionalities that will allow its broker-user community to have important help in the accreditation of the compliance with article 136.4 of the new Royal Decree-Law 3/2020, of February 4, in relation to the operation of separate customer accounts, an obligation that will be effective for insurance mediators from this Wednesday.

The technical presentation of the new functionalities was carried out by Rafael Álvarez, COO of ebroker, who highlighted “ebroker has a accounting system fully integrated with the management environment that is supported by a solid chart of accounts, a complete automation of accounting events, a precise traceability of operations and a reporting capacity that give it a high capacity for the transparent, orderly and reliable management of the client funds managed by brokers "

You can see the summary video of the Webinar Here>

The accounting operations and traceability of operations implemented by ebroker in relation to the help of this regulatory compliance, is absolutely independent of the broker's interpretative criteria as to whether the separate client accounts must be accounting or bank, as well as the number of them that finally decide to operate.

Higinio Iglesias, CEO of ebroker, who made the introduction and closing of the webinar, concluded “This Wednesday, insurance brokers have a new regulatory obligation that will require dedication and attention to compliance, and once again, we will be helping and accompanying them in that role ”