Managing and reconciling premiums from multiple carriers has become commonplace for employers offering insurance and benefits to their employees. While providing extensive benefit options to employees can significantly enhance the organization's value to your employees, additional management is needed to audit carrier invoices for accuracy and pay multiple vendors.
This is where a Tabulera's consolidated invoicing module can help; to know more about this, visit
The solution aims to simplify payments to different carriers that your employees are enrolled in.
Consolidated billing combines invoices across multiple carriers, benefits plans, etc., based on customer needs. It gives employers the ability to make changes to the invoices after they are generated based on various business scenarios.
For example, if an employee is laid off in the middle of the month when the invoice has already been created, it is now possible that the next invoice will reflect this event with premium adjustments. It leverages a powerful, integrated analytics suite to gain business insights and make better decisions based on utilization trends.
You can prepare invoices that can be sent to both internal and external recipients, and the payment is processed and applied automatically. It has an integrated communication framework that connects crucial stakeholders and operates automated communications with integrated accounting, enterprise resource planning, and other third-party systems.
You can say goodbye to spending all your time collecting, combining, and managing billing information across multiple plans, employees, and locations. With consolidated invoicing software, you can combine numerous invoices or coverage into a single report.
Whether you are adjusting for new hires, laid-off employees, new dependents, or former dependents, this solution will provide you with a detailed audit log of all changes.
The smart workflows support smart approvals and corporate oversight. It helps keep key stakeholders informed, and the system will provide communication with accounting, enterprise resource planning, and other third-party systems.
Not only does this solution change the way you manage invoices, but it will also provide you with a powerful, built-in analytics suite that can track usage trends to help you make better business decisions about your cost drivers. You need not be an expert to run it.
You can select the required critical reports in your dashboard along with analytics. The custom reporting engine enables you to discover trends in your data in every possible way. It allows you to create custom ideas by sharing them with your stakeholders and exporting them to accounting or ERP systems.
The platform is easy to use through artificial intelligence and automation. The consolidated invoicing solution helps reduce the risk of human error and addresses these issues by managing sensitive data and automatically eliminating unnecessary manual processes.
You can call for support any time you like or contact the support team through email. The support team is dedicated to ensuring the best possible experience for clients. These are some key features of consolidated invoicing software for your benefits administration.