You’ve assembled a team of insurance experts in compliance, risk, underwriting, claims, and provider management. Now you need the tools to scale and be efficient.
Creating and maintaining employer facing administration systems, however, can be difficult, tedious, and time-consuming.
With Tabulera, create an employer-friendly eco-system allowing you to streamline your employer facing insurance operations. Allow employers to on-board more quickly, and efficiently while maintaining the connectivity to other internal systems. Make on-going billing and reconciliation problems, that can create write-offs and customer ill will, a thing of the past.
Tabulera’s technology-agnostic approach simplifies health benefit plan insurance-related employer administration so you can continue to focus on strategic areas of your business. Modernize your accounts receivable processes and eliminate spreadsheet reconciliations with employers.
Insurance carriers keep evolving. It’s not just because customers demand lower rates, better plan administration, and perfect customer experience. They must now fight against growing competition and strict regulatory control. While the modernization of the front-office systems has helped a lot, carriers understand that a true competitive advantage can be only achieved by pulling away from legacy systems that slow them down.
So, you’ve enhanced the way you manage broker relationships, commissions, and policies, but your accounting team still relies on hundreds of spreadsheets when it comes to reconciliation.That’s a dangerous decision for any industry, but especially critical for health and life insurance carriers, who have unique accounting requirements.
Having an eye on every transaction detail across every single broker and employer becomes vital. Data integrity must be maintained at all times.
To ensure that, carriers must have all the details at sight. Each employee often records transactions along with other account data in its own way using spreadsheets. This way of managing records is very ineffective due to the difficulties of data reviewal that is subject to human errors that take a lot of time to investigate and fix. Maintaining a perfect period-end closing is crucial for compliance.
Tabulera helps insurance carriers increase efficiency and accuracy while managing the close.
Reconciliation of problematic accounts is executed automatically by the insurance software administrative solutions that solves the traditional complex workflows and lowers the financial statement irregularities.
Lack visibility and clarity in your distribution channels?
Working with clients on enrollment file validations, self-bill administration, delinquent payments and accounting issues that drain valuable resources.
It’s not uncommon for employers to be making significant plan changes now each year due to rising costs. At the same time, you spend months on-board new clients and starting down the path of administering plans only to find out that clients change again, trapping you and your clients in a cycle of manual administration.
Overrides, splits and retroactivity. Reporting, calculating and paying commissions is both time consuming and cumbersome.
Enrollment engine agnostic platform creates consolidated feeds to carrier systems
Electronically bill clients and match with enrollment feeds and avoid costly reconciliation errors
Provide brokers and producers with commission dashboards
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