System Administration Benefits Reconciliation

Agenda Why It’s Important The Approach Multi-Factor Equation Let’s Get Started Benefits Recon Center Built in Workflow Questions

Why it’s important Benefits Administration plays a significant role in your financial picture. If left unmanaged, the impact could be detrimental.

The Approach Hands On Approach No shortcuts, no magic pills. Many moving parts. Let’s do it right. NetWise Approach We took a holistic view of the Benefits Reconciliation equation. All characters need to support the goal of Reconciliation. More than a new tool but includes enhancements to existing functionality as well.

Multi Factor Equation Internal Administrative Processes Ensuring Client is matched up to the best plan for both them and you. Ensuring that Employee elections translate to smooth Carrier enrollment and Payroll system setup. Change Management. Process Workflows.

Multi Factor Equation Payroll System Administration Do you have the data needed? Do you have access to it? Not about the system, but the use. Are you setting yourself up for success or a data nightmare? This means implementing Data Standards and enforcing them. Think System Alignment.

Multi Factor Equation Carrier Management Open Enrollments Employee Enrollment & Terminations Invoice & Credit Management Workflow Auditing

Let’s Get Started Administrative Requirements Plan Setup Master Benefits Plans Client Level Benefits Plans Benefits Tiers Offered Benefits Plans Employee Benefits Setup Employee Deduction Voucher & Import

Benefits Recon Center

Master Benefits Record (MBR) Type: Billing Record Collection Record Deposit Record Category: Credit Debit Status: Raw Data Exception Reconciled

Processing Carrier Invoice Import Benefits Recon Center

Processing EDV Conversion

Benefits Recon Center Processing Auto-Reconciliation Auto-Match Options

Benefits Recon Center Research MBR Simple Search & Dashboard

Benefits Recon Center Research MBR Match Records & Match Comparison

Benefits Recon Center Research Quick Links in Headers

Manual Matching Benefits Recon Center

Built in Workflow Reporting and Management