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.

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.