THE STANDARD IN CLAIMS EXPENSE MANAGEMENT AND ACCURATE PAYMENT

BAP is a comprehensive invoice and claims expense management application for the property & casualty insurance industry.

  • Standardized invoice processing
  • Automated bulk billing
  • Allocate expenses to claim files
  • Automate payments for straight-through processing
  • Real-time auditing of invoices against fee schedules
BAP@2x-3

TURN PROCESS INTO PROFIT

4-10%

Reduction in cost per claim

80-85%

Reduction in manual processing

24hrs

Average invoice cycle time

INDUSTRY CHALLENGES

The scrutiny of claims leakage is intensifying as claims expenses increase for carriers. Reliance on manual workflows to process claims expenses creates higher operational costs, longer turnaround times, and inaccurate or errant payments. These issues are amplified in times of catastrophe when the volume of claims creates accute pressure on processes and resources.

Post-claim audits and leakage reviews do not provide a proactive solution to the issue. Manually reconciling claims expenses across vendors, service agreements, and invoices is a near impossible task. This leaves many carriers operating on a model of good faith that gives them little control over their claims expense management.

Manual-Processing@2x

WHY BAP?

BAP is designed to drive down your cost per claim by automating your invoice process, integrating with your estimating and payment systems to provide straight-through processing. Invoices are audited against fee schedules before they are submitted, ensuring accuracy and transparency.

  • Greater visibility and control of expenses
  • Reduce costly errors
  • Address claims leakage
  • Process and review bulk billing in minutes
  • Automate payments for straight-through processing
BAP@2x-3

INTEGRATIONS

Xactware

Automate the allocation of expenses to claim files by integrating directly with Xactware.

One-Inc

Connect with your One Inc. account for straight-through payment processing.

Hover-2

Process your invoices from Hover and connect them back to the claim file.

GET STARTED WITH FREEMIUM

BAP is the central hub of the VIP platform connecting all of our services that help you turn process into profit. Our VIP freemium program helps you gain control over all of your claims expenses for no additional costs.

  • Complimentary processing of non-IA invoices
  • A single platform for all invoice processing
  • Rich expense data that will empower you to negotiate better rates with service providers
  • Performance metrics for service providers
BAP@2x-3

CONTACT

6000 South Florida Ave.
Unit 6832
Lakeland, FL 33807
info@vipsoftware.com
813-837-4347

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