IT'S RAINING CLAIMS
WHAT DOES THAT MEAN FOR YOU?
Auditing invoices for accuracy at scale is near impossible during a CAT event.
Ensuring accurate invoicing in your vendor network when your claim volume doubles or triples overnight is impossible. Automating the task of reconciling invoices for accuracy not only frees up your team to process more claims, it mitigates the risk of fraud and overpayment. Moreover, properly allocating expenses from your vendor network to the appropriate claims files means that your operating budget is not stymied by unallocated expenses.
Cashflow issues are amplified during CAT events because of longer than usual payment cycles.
The increase in work during CAT season can be beneficial to your business, but your bills are piling up quicker than your payments. Ensuring your invoices are accurate at the time of submission allows your carrier partners to process your payments quickly, giving you more operating runway to take advantage of the spike in claims.
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