Employee benefits Reconciliation

enReconcile simplifies the employee benefits reconciliation process between your systems and providers data with a single point of reference to deliver accurate and precise outcomes.

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Why enReconcile for Employee Benefits?

enReconcile is a Cloud-based employee benefit reconciliation software that simplifies the process of matching employee benefits data with provider data for accurate results.

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point Carrier-Invoice data Synchronization.

point Consolidated Invoicing.

point Payroll-Deduction data Synchronization and Reconciliation with Carrier-Invoice data.

point User-defined/Configurable reconciliation rules matching criteria.

point Automated matching algorithms.

point Error detection and resolution.

Common Use Cases of Cash Reconciliation

Employee Premium Invoice Vs
Carrier Invoice

The reconciliation process involves comparing the employee premium invoice with the carrier invoice to ensure accuracy and identify any discrepancies. This helps ensure that the premiums charged to the company align with the coverage provided by the insurance carrier

Benefits Ledger Vs Direct
Payment File

The reconciliation of benefits ledger involves comparing and aligning the records of benefits disbursed with the corresponding payments made in the direct payment file. This process ensures accuracy and helps identify any discrepancies or errors between the ledger and payment data.

Benefits Ledger Vs Payroll
Register

The reconciliation of benefits ledger and payroll register involves comparing and matching the data related to employee benefits and payroll expenses. This process ensures accuracy and consistency between the two records, identifying any discrepancies and enabling proper financial reconciliation.

Benefits of employee benefits reconciliation

Accuracy

Reconciliation helps to ensure that the company is paying the correct amount for employee benefits. This can help to avoid overpayments or underpayments, which can save the company money.

Compliance

Reconciliation can help the company to comply with government regulations related to employee benefits.

Efficiency

Reconciliation can help to streamline the process of managing employee benefits. This can free up time for other tasks, such as employee onboarding and benefits administration.

Identify potential fraud

Reconciliation can help to identify potential fraud, such as employees being enrolled in benefits that they are not entitled to or employees submitting false claims.

Improve employee satisfaction

Employees appreciate knowing that their benefits are being managed accurately and efficiently. This can lead to increased employee satisfaction and loyalty.

Reduce administrative costs

Reconciliation can help to reduce the administrative costs associated with managing employee benefits. This can free up resources that can be used for other purposes, such as employee development or marketing.

Our Key Clients

9 million+

invoices per month

1500+

Companies

70+

System Integrators

Our users include

1 among the global Big-4 Consulting firms

2 among the globally top-5 tlogistic firms

A Globally Large Bank

100s of Enterprises

Our Reconciliation method

insurance reconciliation workflow, insurance reconciliation method, insurance reconciliation tools,, insurance premium reconciliation, insurance claims reconciliation, insurance payment reconciliation, reconciliation in insurance

Delight your customers and partners

Enhanced customer experience and satisfaction

Drive partner
engagement

Better KPIs with across the board

Frequently Asked Questions