Invoice Reconciliation

Often times, bills from insurance providers do not match up to what their clients are expecting to pay. There are many reasons for this, and it is often unintentional. However, most of the times this goes unnoticed, resulting in overpayment. This issue has led On Demand Payroll to develop a solution called Online Invoice Reconciliation.

Each month, the bill for the premiums from the provider is imported directly in SQL/Pay Web. The premiums from the bill are then automatically compared to the premiums in the system. When a discrepency is found, an exception report is generated that outlines these discrepencies.

This is a very cost effective service from the employer's perspective. The savings from potential overpayment are often greater than the cost of the service, making this a wise business decision.