Each month, Beneration will collect and deliver all carrier/vendor invoices, automate monthly accounting processes, and audit the invoices for accuracy. Every individual invoice will be available on our secure VerifiaBill portal in one central location. On top of collecting and delivering invoices, we provide the following insights: 1. Carrier Invoice Summary – a one-page summary of all invoices along with payment instructions and balance due2. Cost Allocation Report – This report shows every single carrier charge, broken down by employee cost center (location, department, division, business unit, etc). The numbers here tie out EXACTLY to the total amount paid to carriers. This spreadsheet is primarily intended for a group’s accounting department.3. Discrepancy ID Report – This report identifies every single discrepancy between carrier invoices and a group’s enrollment data. Whether it is terminated employees still billing, individuals without coverage or with incorrect benefit amounts, or even rate errors in the benadmin system – VerifiaBill will identify it all. This report can either go to a broker or a company client and is used to ensure accurate billing and enrollment.
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