Insurance premium reconciliation provides valuable insights into your organization's fastest growing cost driver: benefits spend. Imagine how awesome is having the full transparency over where your every benefits dollar is going? Having access to this info will help manage your deductions better, stop premium overpayments, and show if any of your carriers don't have an an accurate record of one of your employee's enrollment.
That would be nice, won't it? But have you ever tried taking your insurance carrier invoices and manually comparing them to your employee census line by line and carrier by carrier? It is burdensome and extremely time consuming! Fortunately, there is now an easier way!
Our powerful invoice reconciliation engine takes your carrier invoices and automatically matches them to your employee census records from your payroll or benefits solution while flagging any discrepancies for you to take action on. Leave no stone unturned in gaining the full insight into your benefits spend. It's as easy as playing solitaire!
Implementation is simple - we’ll reach out to your carriers, get the necessary forms for you to sign that allow us to receive a copy of your invoice. Just provide us with your carrier’s contact information.