Comulate
Comulate transforms revenue processes for insurance brokers by automating carrier statement processing, reconciliation, revenue recovery, and forecasting, thereby reducing costs and increasing revenue.
Services
Comulate transforms revenue processes for insurance brokers by automating carrier statement processing, reconciliation, revenue recovery, and forecasting. The platform reduces costs by automating tedious direct bill workflows and increases revenue by identifying missing commissions. Machine learning is used to automate most reconciliation tasks and streamline exceptions. The service includes capturing and reporting all compensation details provided by carriers, and it integrates with popular systems like Applied Epic, BenefitPoint, AMS360, Dynamics 365, and Salesforce.
Products
Comulate offers a comprehensive suite of products to address various needs in revenue management for insurance brokers. Key features include automatic extraction and reconciliation of commissions from carrier statements to policies in AMS, real-time revenue forecasts, and variance tracking with powerful drill-downs. Its revenue intelligence features offer instant visibility and answers to business-critical questions, and it provides scenario modeling capabilities. The platform also includes a revenue integrity feature that identifies underpayments and missing receivables while tracking revenue recovery.
Technology Integration
Comulate integrates seamlessly with popular AMS and CRM systems like Applied Epic, BenefitPoint, AMS360, Dynamics 365, and Salesforce. These native read/write integrations sync policy data in real-time, enable one-click posting, and improve policy data quality. The platform’s capabilities are enhanced through cohort analysis to find drivers of retention and churn and scenario modeling to predict and plan for various outcomes. Additionally, background reconciliation scans environments like BenefitPoint for policy data changes and automatically reconciles transactions.
Security Measures
Comulate adopts a security-by-design approach and follows SOC 2 Framework criteria to protect data. The company uses Amazon Web Services (AWS) and Google Cloud Platform (GCP) for hosting services, ensuring robust security and reliability. All databases are encrypted at rest and in transit using TLS/SSL. Security measures include annual independent third-party penetration testing, quarterly access reviews, and annual risk assessments to identify potential threats.
Founders and Leadership
Comulate's leadership includes tech and insurance executives and founders from notable companies such as Brex, Asana, Plaid, Applied Intuition, and Coalition. This experienced team has guided the company to become a trusted core software provider within two years, significantly impacting the industry. Their combined expertise ensures that Comulate delivers solutions tailored to meet the varying needs of insurance brokers and helps organizations streamline operations and improve revenue integrity.