Systems and methods for monitoring remittances for reporting requirements

A non-transitory computer-readable medium comprising computer-readable instructions executable by a processor to perform method steps for monitoring remittances associated with one or more customers, the method steps comprising:

• imaging documents associated with the remittances, where the one or more customers are policyholders of insurance products provided by a financial institution and the remittances are payments for the insurance products from the one or more customers to the financial institution;
• ascertaining information associated with the documents to identify each unique document associated with the remittances;
• storing the information in a list identifying the documents as remittances;
• correlating the remittances with the one or more customers;
• and
• reporting an amount associated with one or more of the remittances if the amount exceeds a threshold amount for a predetermined period of time;
• determining if an alert associated with one or more of the remittances is a false positive;
• and
• correlating the false positive to one or more customers.

A system for monitoring remittances associated with one or more customers, comprising:

• at least one subsystem that images documents associated with the remittances, where the one or more customers are policyholders of insurance products provided by a financial institution and the remittances are payments for the insurance products from the one or more customers to the financial institution;
• at least one subsystem that ascertains information associated with the documents to identify each unique document associated with the remittances;
• at least one subsystem that stores the information in a list identifying the documents as remittances;
• at least one subsystem that correlates the remittances with the one or more customers;
• and
• at least one subsystem that reports an amount associated with one or more of the remittances if the amount exceeds a threshold amount for a predetermined period of time;
• at least one subsystem that determines if an alert associated with one or more of the remittances is a false positive;
• and
• at least one subsystem that correlates the false positive to one or more customers;
• wherein the at least one subsystem comprises a processor embodying non-transitory computer readable medium with program instructions executable by the processor.