BAP™ enables NARS to integrate with clients’ billing systems to ensure prompt payment to field partners.
NARS, a leader in third-party claims administration, has subscribed to BAP™ invoicing software from VIP Software, a national provider of integrated software solutions to the property and casualty (P&C) insurance industry. BAP automates invoice creation and payment through its integration with leading estimating software and billing systems, and delivers real-time, key performance indicators to provide NARS with data insight to scale its business.
As a third-party administrator (TPA), NARS has a reputation for providing best-in-class service to its P&C carrier clients. As NARS continues to expand its national footprint, it identified the need to utilize technology to streamline operations and guarantee prompt payment to its field partners. BAP will integrate with NARS’s systems to automate the reconciliation and payment of independent adjuster invoices and deliver detailed reporting on claim activity across its entire network of providers.
“Our integration with BAP will allow us to be more efficient in ensuring compliance with our many clients’ billing structures and guaranteeing prompt payment to our field partners,” said Robert Ruryk, president and CEO, NARS. “We believe BAP will deliver an additional layer of data that will help us better control claim expenses, improve cycle times, and gain additional insight into the performance and efficiency of our field partners.”
NARS’s BAP™ subscription will provide the following benefits:
- Automate invoice creation to allocate more human resource time to enhance service delivery to carrier policyholders.
- Ensure compliance and governance of all clients’ billing structures.
- Pay adjuster invoices in as quickly as the same business day and guarantee accuracy of invoices, especially beneficial in times of sudden claim volume.
- Deliver analytical dashboards of invoice and service activities to show the cost vs. performance ROI of its entire network of providers.
- Reduce operational overhead while guaranteeing accuracy and scalability without human intervention.
“NARS prides itself on staying on the cutting edge of technology, so its use of BAP signifies the extensive applications of our product in the P&C insurance industry, as we expand product adoption from carriers and service providers to TPA firms,” said James Makris, president and CEO, VIP Software.
About VIP Software
VIP Software is a national provider of integrated software solutions to property and casualty insurance carriers, adjusting firms, restoration companies and contractors. VIP Software transforms process into profit for its customers by automating processes that are critical to business operations and making them more efficient, accurate, cost effective and data driven. VIP Software is based in St. Petersburg, Florida. Learn more at vipsoftware.com.