--- title: "Best Insurance Accounting Software - 2026 Reviews & Pricing" description: "Find the best Insurance Accounting Software for your organization. Compare top Insurance Accounting Software systems with customer reviews, pricing, and free demos." source_url: "https://www.softwareadvice.com/accounting/insurance-software-comparison/" page_type: "subcategory" language: "en" --- [Home](https://www.softwareadvice.com/) / Insurance Accounting Software Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee. # Best Insurance Accounting Software of 2026 Updated October 27, 2026 On this page 1. Popular Comparisons 2. Buyers Guide Filter products 88 results ### Compare Products Showing 1 - 25 of 88 products #### Company Size - Self-Employed - 2-10 - 11-50 - 51-200 - 201-500 - 501-1000 - 1000+ #### Pricing Options - $$$$$ - $$$$$ - $$$$$ - $$$$$ - $$$$$ ### Compare Products Sort by **Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals. **Reviews**: Sorts listings by the number of user reviews we have published, greatest to least. **Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest. **Alphabetically (A-Z)**: Sorts listings by product name from A to Z. ### [Sage Intacct](/accounting/intacct-accounting-profile/) - Overall rating: 4.3/5 - Reviews: 718 - Best for: Mid-size businesses - Free trial: Not available - Free demo: Not available #### Overview Offering support applications for core accounting, revenue management, project accounting, order and billing, and financial reporting, Intacct is a widely popular web-based system. [Read more](/accounting/intacct-accounting-profile/) ##### What users love - User-friendly and intuitive interface - Comprehensive accounting functionality - Robust, customizable reporting capabilities ##### To take in mind - Complex and inflexible report customization - Slow and unresponsive support experience - Expensive and rising costs #### Features ##### Best rated features - Quotes/Estimates: 5/5 - For Nonprofits: 5/5 - Vendor Management: 5/5 - Customer Statements: 5/5 [See all features](/accounting/intacct-accounting-profile/#key-features) --- ### [NetSuite](/accounting/netsuite-financials-accounting-software-profile/) - Overall rating: 4.2/5 - Reviews: 2,082 - Best for: Enterprise businesses - Free trial: Not available - Free demo: Not available #### Overview NetSuite is an AI-powered cloud-based business management suite that incorporates ERP, financial management, CRM and eCommerce functionalities into a unified platform, helping [Read more](/accounting/netsuite-financials-accounting-software-profile/) ##### What users love - Deep system tailoring options - Comprehensive and scalable functionality - Centralized financial operations platform ##### To take in mind - Steep learning curve and complexity - Complex and rigid reporting tools - Slow and inconsistent support experience #### Features ##### Best rated features - Aging Tracking: 5/5 - "What If" Scenarios: 5/5 - Vendor Master Data Management: 5/5 - For B2B: 5/5 [See all features](/accounting/netsuite-financials-accounting-software-profile/#key-features) --- ### [Striven](/project-management/striven-profile/) - Overall rating: 4.8/5 - Reviews: 130 - Starting price: $35.00/month - Best for: Small businesses - Free trial: Available - Free demo: Not available #### Overview Striven is a cloud-based, all-in-one business management ERP platform built for small and midsize companies tired of duct-taping popular accounting tools, a CRM, a project tool, [Read more](/project-management/striven-profile/) #### Features ##### Best rated features - Routing: 5/5 - Document Storage: 5/5 - Milestone Tracking: 5/5 - Percent-Complete Tracking: 5/5 ##### Worst rated features - API: 1/5 [See all features](/project-management/striven-profile/#key-features) #### Pricing ##### Standard - Price: $35.00/month - The plan is based on the number of users. ##### Enterprise - Price: $70.00/month - The per-user price decreases as the number of users increases. [See full pricing details](/project-management/striven-profile/#pricing-and-plans) --- ### [Procurify](/accounting/procurify-profile/) - Overall rating: 4.6/5 - Reviews: 208 - Best for: Value for money - Free trial: Not available - Free demo: Not available #### Overview Procurify is the agentic procurement platform for finance and operations teams that understands your vendors, budgets, and policies. It delivers complete spend control across [Read more](/accounting/procurify-profile/) #### Features ##### Best rated features - Quotes/Estimates: 5/5 - Customizable Reports: 5/5 - Warehouse Management: 5/5 - Audit Management: 5/5 [See all features](/accounting/procurify-profile/#key-features) --- ### [SAP S/4HANA Cloud](/accounting/sap-s-4hana-cloud-profile/) - Overall rating: 4.3/5 - Reviews: 358 - Best for: Features - Free trial: Available - Free demo: Not available #### Overview SAP S/4HANA Cloud is a cloud-based and on-premise enterprise resource planning (ERP) solution. It is suitable for small, midsize and large businesses in industries such as [Read more](/accounting/sap-s-4hana-cloud-profile/) ##### What users love - Robust real-time data handling - Versatile business system connectivity - Comprehensive financial process automation ##### To take in mind - Challenging and unintuitive interface - Steep learning and onboarding demands - Occasional lag and slow response #### Features ##### Best rated features - Dashboard: 5/5 - Enterprise Asset Management: 5/5 - Portfolio Management: 5/5 - Integrated Business Operations: 5/5 ##### Worst rated features - BOM Creation: 2.3/5 - Distribution Management: 4/5 - Cost Tracking: 4/5 - Collaboration Tools: 4/5 [See all features](/accounting/sap-s-4hana-cloud-profile/#key-features) #### Pricing ##### Plan - Price: Custom - Pricing available upon request - Pricing not available [See full pricing details](/accounting/sap-s-4hana-cloud-profile/#pricing-and-plans) --- ### [Dynamics 365](/product/106335-Dynamics-365/) - Overall rating: 4.4/5 - Reviews: 5,864 - Starting price: $50.00/month - Best for: Small businesses - Free trial: Available - Free demo: Available #### Overview Microsoft Dynamics 365 is a cloud-based CRM ecosystem for small, medium and enterprise organizations, with a focus on Sales, Field Service, Customer Service complete with strong [Read more](/product/106335-Dynamics-365/) ##### What users love - User-friendly and intuitive interface - Deep Microsoft ecosystem integration - Centralized workforce and operations control ##### To take in mind - Expensive licensing and add-ons - Limited and complex customization options - Steep learning and onboarding process #### Features ##### Best rated features - Commission Management: 5/5 - Financial Analysis: 5/5 - Monitoring: 5/5 - For Real Estate: 5/5 ##### Worst rated features - Lead Scoring: 3.5/5 - Sales Trend Analysis: 3.8/5 - Prospecting Tools: 3.9/5 - API: 3.9/5 [See all features](/product/106335-Dynamics-365/#key-features) #### Pricing ##### Professional - Price: $50.00/month ##### Enterprise - Price: $105.00/month ##### Premium - Price: $195.00/month [See full pricing details](/product/106335-Dynamics-365/#pricing-and-plans) --- ### [Focus X](/product/3600-focus/) - Overall rating: 3.8/5 - Reviews: 119 - Starting price: $60.00/month - Free trial: Not available - Free demo: Not available #### Overview Focus X is an all-inclusive enterprise resource planning (ERP) system that helps you connect every aspect of your business operations. From production to supply chain, customer [Read more](/product/3600-focus/) ##### What users love - Robust and flexible reporting tools - Flexible system adaptation options ##### To take in mind - Slow and unreliable support response #### Features ##### Best rated features - Project Accounting: 5/5 - Online Payments: 5/5 - Scheduling: 5/5 - Mobile App: 5/5 ##### Worst rated features - Fraud Detection: 1/5 [See all features](/product/3600-focus/#key-features) --- ### [Sage Accounting](/accounting/sage-business-cloud-accounting-profile/) - Overall rating: 4.1/5 - Reviews: 653 - Starting price: $20.00/month - Best for: On the rise - Free trial: Available - Free demo: Not available #### Overview Sage Accounting is a cloud-based accounting and invoice management solution for small to midsize businesses. It offers accounting, project accounting, expense management and [Read more](/accounting/sage-business-cloud-accounting-profile/) ##### What users love - Streamlined daily financial management - User-friendly and intuitive interface - Accessible cloud-based accounting platform ##### To take in mind - Inconsistent and hard-to-reach support - Limited and inflexible invoicing tools - Restrictive and unintuitive reporting features #### Features ##### Best rated features - Time Tracking: 5/5 - Document Management: 5/5 - For Accountants: 5/5 - Duplicate Payment Alert: 5/5 [See all features](/accounting/sage-business-cloud-accounting-profile/#key-features) #### Pricing ##### Accounting Start - Price: $20.00/month - The Sage Accounting Start plan comes with an 30-day free trial and is ideal for micro-businesses. ##### Accounting Standard - Price: $40.00/month ##### Accounting Plus - Price: $50.00/month [See full pricing details](/accounting/sage-business-cloud-accounting-profile/#pricing-and-plans) --- ### [Elorus](/accounting/elorus-profile/) - Overall rating: 4.9/5 - Reviews: 325 - Starting price: $0.00 - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview Elorus is an online invoicing, time-tracking, billing and expense management platform. At heart, it is the ideal professional solution for every freelancer, small business and [Read more](/accounting/elorus-profile/) #### Features ##### Best rated features - Reimbursement Management: 5/5 - Accounts Payable: 5/5 - Electronic Payments: 5/5 - Document Storage: 5/5 ##### Worst rated features - Task Management: 3/5 - Reporting/Analytics: 3.9/5 [See all features](/accounting/elorus-profile/#key-features) #### Pricing ##### Free - Price: $0.00 - 6$ per extra user ##### Starter - Price: $9.00/month - 6$ per extra user ##### Standard - Price: $19.00/month - 6$ per extra user [See full pricing details](/accounting/elorus-profile/#pricing-and-plans) --- ### [Zoho Invoice](/accounting/zoho-invoice-profile/) - Overall rating: 4.7/5 - Reviews: 823 - Starting price: $0.00 - Best for: Billing & Invoicing - Free trial: Available - Free demo: Not available #### Overview Zoho Invoice is a 100% free cloud-based invoicing solution designed to help small businesses with invoicing, tracking expenses and accepting online payments.Key features include [Read more](/accounting/zoho-invoice-profile/) ##### What users love - Flexible and customizable invoicing - Intuitive and beginner-friendly interface - Free and affordable plans ##### To take in mind - Complex settings and navigation - Limited and outdated email features #### Features ##### Best rated features - Project Billing: 5/5 - Data Security: 5/5 - Customizable Branding: 5/5 - Reporting & Statistics: 5/5 ##### Worst rated features - Recurring Invoicing: 4/5 - Client Portal: 4/5 - Timesheet Management: 4/5 [See all features](/accounting/zoho-invoice-profile/#key-features) #### Pricing ##### Basic - Price: $0.00 - Up to 2 users [See full pricing details](/accounting/zoho-invoice-profile/#pricing-and-plans) --- ### [TimeSolv Legal Billing](/product/423485-TimeSolv-Legal-Billing/) - Overall rating: 4.7/5 - Reviews: 647 - Starting price: $42.74/month - Best for: Ease of use - Free trial: Available - Free demo: Not available #### Overview TimeSolv is a cloud-based legal time tracking and billing solution that caters to law firms, accountants, consultants, architects, and freelancers, helping them manage daily [Read more](/product/423485-TimeSolv-Legal-Billing/) ##### What users love - Intuitive and user-friendly interface - Responsive and hands-on support - Flexible and efficient billing tools ##### To take in mind - Invoice customization and clarity issues #### Features ##### Best rated features - Document Capture: 5/5 - Third-Party Integrations: 5/5 - Fee Calculation & Posting: 5/5 - Archiving & Retention: 5/5 ##### Worst rated features - Reporting/Analytics: 3/5 - Collaboration Tools: 3/5 - Activity Dashboard: 3.3/5 [See all features](/product/423485-TimeSolv-Legal-Billing/#key-features) #### Pricing ##### TimeSolv Legal (1-4 Users) - Price: $47.50/month - The plan can be billed on a monthly or annual subscription. Volume discounts apply. ##### TimeSolv Legal (5-14 Users) - Price: $45.12/month - The plan is billed on a monthly subscription. ##### TimeSolv Legal (15+ Users) - Price: $42.74/month - The plan is billed on a monthly subscription. [See full pricing details](/product/423485-TimeSolv-Legal-Billing/#pricing-and-plans) --- ### [ePayPolicy](/insurance/epaypolicy-profile/) - Overall rating: 4.9/5 - Reviews: 258 - Starting price: $25.00/month - Best for: Customer support - Free trial: Available - Free demo: Not available #### Overview ePayPolicy is a payment processing solution designed to help businesses in the insurance sector collect credit card and ACH payments from policyholders. The centralized dashboard [Read more](/insurance/epaypolicy-profile/) ##### What users love - Flexible and secure payment options - User-friendly and intuitive platform - Responsive and helpful support team ##### To take in mind - High transaction and service fees #### Features ##### Best rated features - Invoice Management: 5/5 - Recurring/Subscription Billing: 5/5 - Multiple Payment Options: 5/5 - Compliance Management: 5/5 ##### Worst rated features - Customizable Fields: 4/5 - Recurring Invoicing: 4/5 [See all features](/insurance/epaypolicy-profile/#key-features) #### Pricing ##### Basic - Price: $25.00/month [See full pricing details](/insurance/epaypolicy-profile/#pricing-and-plans) --- ### [Agiled](/project-management/agiled-profile/) - Overall rating: 4.7/5 - Reviews: 350 - Starting price: $0.00 - Best for: Invoice Creation - Free trial: Available - Free demo: Not available #### Overview Agiled is an all in one business management platform. It comes with built-in CRM, HRM, Financial Management, Project Management and Time Tracking. Users can manage all of their [Read more](/project-management/agiled-profile/) #### Features ##### Best rated features - Multiple Billing Rates: 5/5 - Issue Management: 5/5 - Completion Tracking: 4.8/5 - Employee Database: 4.8/5 ##### Worst rated features - Reminders: 3/5 - Customizable Templates: 3.8/5 - Team Collaboration: 4/5 - Automatic Time Capture: 4/5 [See all features](/project-management/agiled-profile/#key-features) #### Pricing ##### Basic - Price: $0.00 ##### Pro - Price: $30.00/month - $25/month when billed annually. ##### Premium - Price: $59.00/month - $49/month when billed annually. [See full pricing details](/project-management/agiled-profile/#pricing-and-plans) --- ### [QuickBooks Enterprise](/construction/qb-desktop-enterprise-profile/) - Overall rating: 4.5/5 - Reviews: 20,690 - Starting price: $2,210.00/year - Best for: Ease of use - Free trial: Available - Free demo: Available #### Overview QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as construction, nonprofit distribution, manufacturing, and retail. With [Read more](/construction/qb-desktop-enterprise-profile/) ##### What users love - Flexible setup and onboarding support - Comprehensive accounting functionality - Detailed and customizable reporting tools ##### To take in mind - Inconsistent and slow customer service - Bank syncing and reconciliation issues - Expensive subscription and add-ons #### Features ##### Best rated features - Distribution Management: 5/5 - Due Date Tracking: 5/5 - For Residential: 5/5 - Supply Chain Management: 5/5 ##### Worst rated features - BIM Modeling: 2/5 - SKU/UPC Codes: 3.3/5 [See all features](/construction/qb-desktop-enterprise-profile/#key-features) #### Pricing ##### Gold - Price: $2,210.00/year - Up to 30 users. ##### Platinum - Price: $2,717.00/year - Up to 30 users. ##### Diamond - Price: $5,264.00/year - Up to 40 users. [See full pricing details](/construction/qb-desktop-enterprise-profile/#pricing-and-plans) --- ### [Invoice Ninja](/accounting/invoice-ninja-profile/) - Overall rating: 4.7/5 - Reviews: 167 - Starting price: $0.00 - Best for: Features - Free trial: Available - Free demo: Not available #### Overview Create. Send. Get Paid. Invoice Ninja is the leading small-business platform to invoice, accept payments, track expenses & time tasks. Designed for freelancers and small to medium [Read more](/accounting/invoice-ninja-profile/) #### Features ##### Best rated features - Multi-Currency: 5/5 - Invoice Management: 5/5 - Dashboard: 5/5 - Mobile App: 5/5 ##### Worst rated features - Credit Card Processing: 3/5 [See all features](/accounting/invoice-ninja-profile/#key-features) #### Pricing ##### Forever Free - Price: $0.00 - The plan is free forever. ##### Ninja Pro - Price: $10.00/month - The plan includes a 14-day free trial. ##### Enterprise - Price: $14.00/month - The plan includes a 30-day guarantee. The plan price depends upon the number of users: 1-2 users - [See full pricing details](/accounting/invoice-ninja-profile/#pricing-and-plans) --- ### [FloQast](/accounting/floqast-profile/) - Overall rating: 4.9/5 - Reviews: 106 - Starting price: $999.00/month - Best for: Value for money - Free trial: Not available - Free demo: Not available #### Overview FloQast, an Accounting Automation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 [Read more](/accounting/floqast-profile/) #### Features ##### Best rated features - Multi-Company: 5/5 - Audit Management: 5/5 - Financial Consolidation & Close Management: 5/5 - Due Date Tracking: 5/5 ##### Worst rated features - Project Management: 4/5 [See all features](/accounting/floqast-profile/#key-features) --- ### [ZarMoney](/accounting/zarmoney-profile/) - Overall rating: 4.7/5 - Reviews: 95 - Starting price: $15.00/month - Free trial: Available - Free demo: Not available #### Overview ZarMoney is a cloud-based comprehensive accounting solution for businesses of all sizes. It offers various features such as inventory management, billing and invoicing, automated [Read more](/accounting/zarmoney-profile/) #### Features ##### Best rated features - Real-Time Data: 5/5 - Dashboard: 5/5 - For Small Businesses: 5/5 - Credit Card Processing: 5/5 ##### Worst rated features - Vendor Management: 1/5 [See all features](/accounting/zarmoney-profile/#key-features) #### Pricing ##### Entreprenuer - Price: $15.00/month - Only allows for 1 user with unlimited transactions ##### Small Business - Price: $20.00/month - Includes 2 users with $10 for each additional user ##### Enterprise - Price: $350.00/month - Allows 30+ users with custom features [See full pricing details](/accounting/zarmoney-profile/#pricing-and-plans) --- ### [TopNotepad](/accounting/topnotepad-profile/) - Overall rating: 4.6/5 - Reviews: 106 - Starting price: $12.50/month - Best for: Customer support - Free trial: Available - Free demo: Not available #### Overview TopNotepad is a cloud-based accounting management solution that offers invoicing, expense management, payment management and customer relationship management. Users can create [Read more](/accounting/topnotepad-profile/) #### Features ##### Best rated features - For Small Businesses: 5/5 - Reminders: 5/5 - Purchasing & Receiving: 5/5 - Vendor Management: 5/5 ##### Worst rated features - Contact Database: 4/5 - Dunning Management: 4/5 [See all features](/accounting/topnotepad-profile/#key-features) #### Pricing ##### Basic - Price: $12.50/month [See full pricing details](/accounting/topnotepad-profile/#pricing-and-plans) --- ### [Prophix One](/accounting/prophix-profile/) - Overall rating: 4.6/5 - Reviews: 127 - Starting price: $1.00 - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview Prophix is a financial management solution used for financial consolidation, budgeting, analysis, planning and management reporting. The solution provides a spreadsheet-style [Read more](/accounting/prophix-profile/) #### Features ##### Best rated features - Goal Setting/Tracking: 5/5 - Financial Management: 5/5 - Modeling & Simulation: 5/5 - Multi-Department/Project: 5/5 ##### Worst rated features - OLAP: 1/5 - Dashboard: 2/5 - Third-Party Integration: 3/5 [See all features](/accounting/prophix-profile/#key-features) #### Pricing ##### Basic - Price: $1.00 [See full pricing details](/accounting/prophix-profile/#pricing-and-plans) --- ### [ZipBooks](/accounting/zipbooks-profile/) - Overall rating: 4.5/5 - Reviews: 115 - Starting price: $0.00 - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview ZipBooks is a cloud-based solution designed to streamline accounting, invoicing and financial management processes for small businesses. The platform offers a range of features [Read more](/accounting/zipbooks-profile/) #### Features ##### Best rated features - Accounts Payable: 5/5 - Accounts Receivable: 5/5 - Purchase Order Management: 5/5 - Inventory Management: 5/5 ##### Worst rated features - Reporting & Statistics: 3.5/5 - Financial Reporting: 3.9/5 - Reporting/Analytics: 4/5 [See all features](/accounting/zipbooks-profile/#key-features) #### Pricing ##### Starter - Price: $0.00 ##### Smarter - Price: $15.00/month ##### Sophisticated - Price: $35.00/month [See full pricing details](/accounting/zipbooks-profile/#pricing-and-plans) --- ### [Lendio](/accounting/lendio-profile/) - Overall rating: 4.5/5 - Reviews: 211 - Starting price: $0.00/month - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview Sunrise is a cloud-based accounting application for small businesses and freelancers in all industries. Primary features include billing, invoicing, quote management, contact [Read more](/accounting/lendio-profile/) #### Features ##### Best rated features - General Ledger: 1/5 - Payment Processing: 1/5 - Invoice History: 1/5 - Customizable Invoices: 1/5 ##### Worst rated features - Tax Calculation: 1/5 - Online Invoicing: 1/5 - Invoice Creation: 1/5 - Mobile Payments: 1/5 [See all features](/accounting/lendio-profile/#key-features) #### Pricing ##### Free Self-Service - Price: $0.00/month - The plan has a processinf fee of- 3.55% + $0.30 per CC transaction 1.5% + $0.30 per ACH transaction. ##### Sunrise Plus - Price: $19.99/month - The plan has a processinf fee of- 2.55% + $0.30 per CC transaction 0.5% + $0.30 per ACH transaction. [See full pricing details](/accounting/lendio-profile/#pricing-and-plans) --- ### [Cloud ERP](/distribution/bizautomation-distribution-profile/) - Overall rating: 4.9/5 - Reviews: 30 - Starting price: $99.95/month - Free trial: Available - Free demo: Not available #### Overview Cloud ERP Software is an enterprise resource planning solution that integrates core business management functions into a single platform. It is designed for small to medium-sized [Read more](/distribution/bizautomation-distribution-profile/) #### Features ##### Best rated features - Reporting/Analytics: 5/5 - Product Identification: 5/5 - Accounts Receivable: 5/5 - Accounting: 5/5 ##### Worst rated features - Sales Tax Management: 4/5 - Sales Pipeline Management: 4/5 [See all features](/distribution/bizautomation-distribution-profile/#key-features) #### Pricing ##### BizAutomation Pricing - Price: $99.95/month - BizAutomation is offered at $99.95 per user per month. Additional add-ons are available. [See full pricing details](/distribution/bizautomation-distribution-profile/#pricing-and-plans) --- ### [Doxis AI.dp](/accounting/klippa-profile/) - Overall rating: 4.8/5 - Reviews: 31 - Free trial: Available - Free demo: Not available #### Overview Doxis AI.dp is a cloud-based Intelligent Document Processing solution. This advanced technology uses Optical Character Recognition (OCR) to extract data, convert, classify, and [Read more](/accounting/klippa-profile/) #### Features ##### Best rated features - Auto Extraction: 5/5 - Document Conversion: 5/5 - Third-Party Integrations: 5/5 - Workflow Configuration: 5/5 [See all features](/accounting/klippa-profile/#key-features) #### Pricing ##### Custom - Price: Custom - Pricing available upon request [See full pricing details](/accounting/klippa-profile/#pricing-and-plans) --- ### [Accounting Xpert Enterprise Edition](/accounting/xpert-profile/) - Overall rating: 4.7/5 - Reviews: 39 - Starting price: $1,595.00one time - Free trial: Available - Free demo: Not available #### Overview Accounting Xpert is an on-premise accounting solution that serves businesses of all sizes. Primary features of the software include a general ledger, accounts receivables and [Read more](/accounting/xpert-profile/) #### Features ##### Best rated features - Expense Tracking: 5/5 - Bank Reconciliation: 5/5 - Check Printing: 5/5 - Accounts Payable: 5/5 ##### Worst rated features - Direct Deposit: 4/5 - Payroll Reporting: 4/5 [See all features](/accounting/xpert-profile/#key-features) #### Pricing ##### Basic - Price: $1,595.00one time [See full pricing details](/accounting/xpert-profile/#pricing-and-plans) --- ### [Insly](/accounting/insly-profile/) - Overall rating: 4.9/5 - Reviews: 17 - Starting price: €4,000.00/month - Free trial: Not available - Free demo: Not available #### Overview Insly has provided full-cycle low/no-code insurance software for MGAs and insurance companies since 2014. Insly delivers a scalable solution for C-Suite employees and underwriters [Read more](/accounting/insly-profile/) #### Features ##### Best rated features - Billing & Invoicing: 4/5 [See all features](/accounting/insly-profile/#key-features) --- 1 [2](https://www.softwareadvice.com/accounting/insurance-software-comparison/?__ai_markdown=true&page=2)[3](https://www.softwareadvice.com/accounting/insurance-software-comparison/?__ai_markdown=true&page=3)[4](https://www.softwareadvice.com/accounting/insurance-software-comparison/?__ai_markdown=true&page=4) ## Popular Comparisons [ QuickBooks Online vs QuickBooks Enterprise ](https://www.softwareadvice.com/compare/49801-qb-desktop-enterprise/vs/393202-QuickBooks-Online/)[ NetSuite vs Dynamics 365 ](https://www.softwareadvice.com/compare/25483-netsuite-financials-accounting-software/vs/106335-Dynamics-365/)[ Zoho Invoice vs Wave ](https://www.softwareadvice.com/compare/18767-Wave-Apps/vs/435103-zoho-invoice/)[ Sage Accounting vs Sage Intacct ](https://www.softwareadvice.com/accounting/intacct-accounting-profile/vs/sage-business-cloud-accounting/)[ QuickBooks Online Advanced vs Sage 300 ](https://www.softwareadvice.com/compare/49805-QuickBooks-Online/vs/219721-sage-300cloud/) ## Send me a copy of this list to my inbox ### Get a copy of this list with pricing info sent to your inbox so you can pick up where you left off when convenient to you. Insurance agencies that don’t have a good software system in place are missing out on a host of benefits that can make them more productive and profitable. After all, there’s a great deal to be done in their offices. In addition to managing policies, serving current clients and seeking new prospects, professionals must make time to analyze the firm’s financial activities to better plan for continued growth. Insurance accounting software can help with that. The right solution should make it easy to perform important accounting functions in one intuitive, integrated system. You shouldn’t have to use different vendors for accounts receivable, payroll and budgeting applications. When all your data is in one place, your reporting will be more accurate and faster to obtain. In this guide, we cover the functionality insurance providers should be aware of when evaluating a new system, as well as best practices for comparing solutions. Potential buyers will also learn the difference between the two main software deployment options available in today’s market. Here's what we'll discuss: - [What is insurance accounting software?](#Whatisinsuranceaccountingsoftware) - [What are common features of insurance accounting software?](#Whatarecommonfeaturesofinsuranceaccountingsoftware) - [What are the benefits of insurance accounting software?](#Whatarethebenefitsofinsuranceaccountingsoftware) - [What should you consider while evaluating insurance accounting software?](#Whatshouldyouconsiderwhileevaluatinginsuranceaccountingsoftware) - [What are the deployment options for insurance accounting software?](#Whatarethedeploymentoptionsforinsuranceaccountingsoftware) ## What is insurance accounting software? Insurance accounting systems make it possible for agencies to have a “paperless” office, meaning documentation is stored digitally. Software is capable of incorporating multiple payers in a policy, policies in multiple currencies and carriers with multiple brands into an organized and accessible information system. It can help target individual information as well; open item features can help insurers match payments to individual charges. The ability to process heavy amounts of data quickly is especially important due to high complexity and volume of data. It’s important to acknowledge that this may not be your first time researching insurance accounting software. In a recent survey of accounting software buyers, we found 58 percent of respondents were hoping to replace or upgrade their current solution. One of the main signs the time is right for an IT replacement is if you feel like you’ve outgrown your current setup. When your provider is no longer able to support the amount of data your company has in its files, you should start looking for a system that is able to scale with you as you grow. ## What are common features of insurance accounting software? In addition to core modules and CRM/billing features like open item accounting and collections control, insurance accounting software may include some of the following: | Feature | Description | | --- | --- | | Core accounting | This includes all of the basic functions needed to balance your agency’s books, such as general ledger functionality, the ability to track accounts payable (A/P) and accounts receivable (A/R), fixed assets and bank reconciliation. | | Integration with insurance systems | The most advanced systems will incorporate the accounting with the insurance features and functionality. Even dedicated accounting solutions, however, should integrate with popular solutions like Majesco and StoneRiver. | | Document management | Insurance companies deal with many different kinds of documents, so it’s important to have a system that manages those efficiently. Effective document management for an insurance software program will support cataloguing, template-based document creation, advanced viewing/annotating/archiving, multi-lingual translations and multiple distribution options like email, fax or postal. | | Policy workflow | Insurance software should be able to follow the customer through the entire process from lead generation and the initial quote through to underwriting and issuing the policy. From there, it needs to support billing/payments, policy changes, amendments, legal changes and direct integration into the claims process. | | Claims processing | Effective claims management makes for a more accurate and efficient claim workflow process. This feature will include online support to open the claim, irregularities and fraud detection, secure payments, subrogation and other claims-related functionality. | | Audit management | Insurance accounting software eliminates the paper and the field worker associated with the audit process, managing electronic receipts, audit requests and progress reports faster and more reliably. | --- ## What are the benefits of insurance accounting software? Here are some of the benefits insurance companies can capitalize on after implementing accounting software: **Improved productivity.** Staff has more time to focus on serving clients and growing the business when they can rely on software to automate daily, time-consuming tasks. This is especially true for first-time software buyers who are switching to a digital system after years of entering data manually. Most systems have developed native mobile apps and enable remote access, which make it easier for employees to submit information and evaluate the business’ books remotely. **Greater visibility into company finances.** Executives will be able to make more informed decisions for the agency’s future when they have a clearer picture of its financial trends. Many systems have robust reporting capabilities that allow executives to drill down on every detail related to cash flow management. **More accurate budgeting.** When data is on different systems, it takes a great deal of time and effort to format it and generate budgets. You also run the risk of missing line items while transferring data. Software allows users to automate and consolidate information so they no longer have to update multiple spreadsheets. ## What should you consider while evaluating insurance accounting software? The frequent periods of many complex transactions make access to technical support an important feature to consider in order to avoid confusing setbacks. Viewing payment terms and schedules should also be a prominent feature of any software package. Billing and collection process tools are useful as well. When evaluating these systems, buyers should consider the following: - Does it handle multiple carrier brands and multiple payers? - Does it support examination of data on an individual basis? - Is reliable technical support provided? Is there a fee? - Does the package support scheduling and billing features? Potential buyers should also pay special attention to how many training services a vendor provides. You may be impressed with a product’s many features during the demo phase of the selection process, only to discover it’s extremely difficult to learn how to access those features. Set yourself up for a smooth implementation by noting the vendor’s training resources for your team. These may include online guides, tutorial videos, webinars and classes. ## What are the deployment options for insurance accounting software? There are two main deployment options for insurance accounting software: - **Software as a Service (SaaS).** This is also known as “web-based” or “cloud-based” software that is hosted remotely on the vendor’s servers. - **On-premise.** This is software that is hosted in-house on the user’s own servers. Accounting systems have traditionally been on-premise, but there’s recently been a rise in the popularity of cloud-based solutions. That’s because they offer remote access and lower upfront costs. The benefit of an on-premise deployment, on the other hand, is that users won’t have to pay recurring fees for the software license.