Tabulera’s Benefits Reconciliation Module
Tabulera’s Benefits Reconciliation Module provides an automated, streamlined process to ensure accuracy in billing and reduce administrative burden. It matches carrier invoices against employee payroll, enrollment, and COBRA data automatically, identifying discrepancies in seconds. Key benefits include:
- The system automatically matches 84% of items, reducing the client's reconciliation workload to just 16%.
- Proven ROI in Q1
- The ability to eliminate 97% of write-offs within six quarters
- Track Plan Balances: Creates employee plan-level transaction registers for clear balance history, allowing for proper collection or adjustments of premium variances.
- User-Friendly Interface: Simplifies the reconciliation process with easy-to-use matching algorithms and a short learning curve. Sorts discrepancies by discrepancy reason and allows users to quickly focus on discrepancies that can cause serious potential financial losses.
Direct Integrations
Tabulera offers dedicated integrations with popular software platforms to enhance the benefits reconciliation process:
- iSolved and PrismHR: Enables automatic enrollment and payroll data stream, eliminating manual monthly enrollment and payroll generations.
- Employee Navigator: Facilitates seamless data exchange, ensuring accurate reconciliation of employee benefits enrollment data with carrier invoices. This integration is particularly useful for brokers expanding their offerings to clients.
In addition to these direct integrations, Tabulera is platform-agnostic and accepts files from any enrollment or payroll system, including UKG Kronosenrollment and payroll reports.
Why Make the Switch to Tabulera?
Try before you buy: Take advantage of Tabulera's free 90-day trial for clients switching from EverythingBenefits. This trial provides ample time to experience the platform's benefits firsthand and ensures a smooth transition.
Short implementation time: Tabulera offers a streamlined implementation process, minimizing downtime and ensuring rapid deployment.
Flexible configuration: Tabulera accommodates various payroll frequencies and supports both list and self-bill invoices. Additionally, it is capable of accounting for plan margins, providing flexibility to meet diverse client needs.
Track Plan Balances: Tabulera maintains clear balance history for accurate premium collection or adjustments, ensuring financial integrity and compliance.
Various Plan Structures: Tabulera works seamlessly with both self-funded and fully insured plans, offering flexibility to accommodate various plan structures
Organizational Structures: Tabulera seamlessly adapts to any organizational structure, including subsidiary companies, and facilitates the rebilling process accordingly.
Discrepancy Reason Classification: Tabulera automatically classifies discrepancy reasons, streamlining the resolution process and saving valuable time.
User-friendly interface: Tabulera's intuitive platform features a short learning curve, meaning you don't need to be an accountant to successfully reconcile benefits.
Continuous improvement: Unlike competitors, Tabulera is committed to constant improvement and development. With monthly new feature releases, you can trust that Tabulera remains at the forefront of innovation in benefits reconciliation.
Switching to Tabulera’s Benefits Reconciliation Module ensures PEOs can continue to manage their benefits billing accurately and efficiently, maintaining the high service standards their clients expect.
