Systems and Methods to Optimize and Reconcile Data Transactions

A method for retrieving and optimizing data with a transactional data reconciliation device, the method comprising:

• retrieving a list of carriers for processing, wherein the carriers are associated with one or more carrier servers;
• retrieving one or more producer codes for each carrier from the list of carriers;
• validating credential data associated with each of the carrier servers, wherein the credential data is transmitted to each of the carrier servers to gain access to one or more download sections associated with each carrier;
• retrieving a plurality of data transactions from a carrier file generated by each producer code of each carrier, wherein the carrier file comprises commission data transactions and carrier data transactions;
• entering one or more selected parameters in the respective download section associated with the plurality of retrieved data transactions from the carrier file;
• processing a transactional data file based on the entered parameters and the plurality of retrieved data transactions;
• applying one or more carrier specific business rules to the processed transactional data file, wherein the applied carrier specific business rules are configured to be personalized to each carrier from the retrieved list of carriers;
• and
• generating a carrier transactional data file based on the applied carrier specific business rules, wherein the generated carrier transactional data file comprises at least one of a commission file and a transaction file.

An agency data reconciliation device, comprising:

• a processor;
• and
• a non-transitory computer-readable medium communicatively coupled to the processor, the medium further comprising:
• data retrieval logic, processed by the processor, configured to:
• retrieve a list of entities for processing, wherein the entities comprise at least one or more carriers and financial institutions, wherein the carriers are associated with one or more carrier servers, and wherein the financial institutions are associated with one or more financial institution servers;
• and
• retrieve one or more identification numbers for each entity from the list of entities, wherein the one or more identification numbers comprise producer codes and account numbers;
• validation logic, processed by the processor, configured to validate credential data associated with each of the respective servers, wherein the credential data is transmitted to each of the respective servers to gain access to one or more download sections associated with each entity;
• data retrieval logic, processed by the processor, configured to retrieve a plurality of data transactions from an entity file generated by each identification number of each entity, wherein the entity file comprises at least one or more commission data transactions, carrier data transactions, and banking data transactions;
• parameter selection logic, processed by the processor, configured to enter one or more selected parameters in the respective download section associated with the plurality of retrieved data transactions from the entity file;
• data scraping logic, processed by the processor, configured to process a transactional data file based on the plurality of retrieved data transactions from the entity file;
• data reconciliation logic, processed by the processor, configured to
• apply one or more entity specific business rules to the processed transactional data file;
• and
• generate an entity transactional data file based on the applied entity specific business rules, wherein the generated entity transactional file comprises at least one of a commission file, a transaction file, and a banking file.