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Beneration

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(3)4.8/5

Beneration's VerifiaBill software goes beyond traditional “consolidated billing” by simplifying the financial operations around employee benefits billing. Employee benefits already involve too many vendors and payments, and the carrier invoices and benadmin data rarely match between incorrect rates, tiers, terminated employees that are still enrolled, or even active employees without coverage. The accounting process is massively time-consuming for employers. Beneration’s VerifiaBill software simplifies premium billing by consolidating carrier invoices, allocating benefit costs, and identifying premium discrepancies in coverage charges. Using these reports, employers can be sure that their employees have the coverage that they need and that they are paying exactly what they owe. VerifiaBill can provide HR and Accounting teams with the following monthly services and reporting: • A single consolidated monthly invoice for all benefit plans • Allocation of every benefit charge to cost centers • Auditing of carrier invoices for any discrepancies • One payment through Carrier Bill Pay service • Self-Bill compilation with benadmin enrollment data With VerifiaBill, employers can ultimately eliminate errors, save time, and focus more on their people.

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