Atlanta, GA (PRWEB)
May 18, 2017
CapSure Accounting, an outsourced, scalable accounting system designed to manage the financial reporting complexities of captive insurance companies, announced today the capacity to support captive managers with up to 150 companies or more. The system helps firms simultaneously satisfy complex, international and domestic regulations, treasury management requirements and standard accounting practices – efficiently and profitably.
“Using CapSure Accounting frees captive managers to concentrate their efforts on business development, growth and customer service, rather than operational accounting,” said CapSure Accounting CEO David Kirkup. “As a result of CapSure Accounting’s tight back-office controls, management firms can delegate their accounting back-office with confidence.”
CapSure Accounting combines five years of captive insurance company operations and best practices with the scalability of high-end software to automate this specialized type of high-volume accounting.
“Before CapSure Accounting, the management firms overseeing the financial operations of captive insurance companies used off-the-shelf accounting packages – often QuickBooks – designed for small businesses,” said CapSure Accounting VP of Operations Chase Herring. “These packages lack the quality control, process standardization, review procedures and audit accountability that comes from using an SQL database in a production environment. CapSure Accounting executes all of this critical back-end work securely, delivering more accurate financial forecasts and tighter cost control.”
CapSure Accounting prepares the full complement of financial statements captive insurance companies require according to generally accepted accounting practices in the United States or any other domicile. Reports include:
- Statement of Financial…