Employee benefits is the second largest expense to all companies. Our research indicates that a large percentage of benefits invoices are incorrect. Reconciling benefits (carrier) invoices against payroll and enrollment data is extremely difficult.  

Insurance carriers have multiple billing systems, usually by product such as group long-term disability and their invoice pdf's are often generated by legacy mainframe systems - leading to inconsistencies with data formats just from the carrier side.

Contributing to the complexity, there are over 236 enrollment vendors each with unique file formats. Finally, matching employer / employee contributions from payroll to enrollment and back to the carrier invoices makes reconciliation nearly impossible for any broker or employer group.

Enter "Yaku" our AI bot who is trained to ignore the superfluous data formats and only read the relevant carrier, payroll and enrollment data to find discrepancies.  

Brokers and their employer clients can now be assured that they are not overpaying for their benefits and be sure that all employees are enrolled in the specific benefits they have chosen.

Employee Benefits

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