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      How to Use the Revenue Policy Amounts Summary Report in Momentum AMS

      It provides a detailed breakdown of premium and commission activity, helping agencies monitor their production and revenue. explains how to access and use this report effectively.

      Step 1: Accessing the Report

      1. Log into Momentum AMS using your credentials.
      2. Navigate to the left-hand menu and click on Interactive Reports.
      3. Look for the Production and Revenue category.
      4. Select Revenue Policy Amounts Summary to open the report.
      5. Use the filters at the top of the page to specify your date range or other criteria, such as transaction types, to refine the data you want to review.

      Step 2: Understanding the Report’s Three Sections

      Section 1: Premium Generated by All Transaction Types

      This section displays the total premium amounts generated during the selected period, including all transaction types such as:

      • New Business
      • Renewals
      • Endorsements
      • Cancellations
        This provides a complete view of the premium activity tied to your agency's policies, allowing you to assess how much revenue is being produced overall.

      Section 2: Agency Commission Generated

      This section highlights the total commission your agency has earned during the selected period.

      • It includes commissions earned across all transaction types.
      • This figure represents revenue generated, regardless of whether it has been collected yet.
        This section is crucial for understanding the financial success of your production activities.

      Section 3: Agency Commission Collected

      This section shows the commission amounts your agency has actually received during the queried period.

      • It focuses on cash flow, providing clarity on the revenue your agency has realized.
      • Comparing this with the commission generated helps identify potential delays or gaps in collections.

      Step 3: Using Filters for Specific Insights

      1. At the top of the report, you can refine your data by applying filters such as:
        • Date Range: Select specific months, quarters, or custom timeframes.
        • Transaction Type: Focus on new business, renewals, endorsements, or cancellations.
        • Carrier or MGA: Narrow results to specific partners.
      2. Use these filters to focus on the most relevant data for your analysis.

      Step 4: Comparing Generated vs. Collected Revenue

      1. Use the report to compare the Agency Commission Generated with the Agency Commission Collected.
      2. Identify any discrepancies, such as commissions earned but not yet collected.
      3. Use these insights to follow up on outstanding payments and maintain strong cash flow.

      Step 5: Analyzing Trends and Performance

      1. Review the Premium Generated section to identify trends in your agency’s production activity.
        • Are new business or renewals driving your growth?
        • Are cancellations or endorsements impacting your premiums?
      2. Use this data to set goals for your team and adjust strategies as needed.
      3. Monitor how production impacts revenue and collections over time to identify strengths and areas for improvement.

      Conclusion

      The Revenue Policy Amounts Summary report is a critical tool for agencies looking to track their production and revenue performance. With its three distinct sections—Premium Generated, Agency Commission Generated, and Agency Commission Collected—this report provides clarity on how your agency is earning and receiving revenue.

      By regularly reviewing this report, you can identify trends, manage cash flow effectively, and make data-driven decisions to grow your agency. If you have questions about this report or need assistance, the Momentum AMS support team is here to help.