Consolidated
Invoicing
Your employee benefits involve too many vendors and payments: Let Beneration’s consolidated invoicing take bill management and payments off your plate.
Consolidated
Invoicing
Let Beneration’s consolidated invoicing take bill management and payments off your plate.
Precise Payments
Decreased Stress. Increased Accuracy.
Our consolidated invoicing for employee benefits allows you to manage all of your carrier bills in one place. VerifiaBill also provides a monthly billing summary that lists the total charges, invoice due dates, and remittance addresses.
With VerifiaBill’s optional Carrier Bill Pay service, you can pay all carriers with a single automated ACH transaction — on time payments, every time.
We Keep It Simple
Consolidation
We’ll collect every invoice from each of your insurance carriers and deliver them through our secure online VerifiaBill portal.
Reporting
After that, you’ll receive a consolidated invoice summary listing total billing charges for each carrier, invoice due dates, and remittance addresses.
Payment
Optionally, with your authorization, we pay carriers on your behalf, allowing you to cover all charges with one single ACH transaction.
Consolidated Invoicing FAQ
Consolidated invoicing, sometimes called invoice consolidation or billing consolidation, is the process of centralizing all of an employer’s monthly carrier invoices into one place and providing a single monthly invoice summary.
Every month, each carrier invoice is collected and imported into their online portal. Employers can view the actual invoices themselves along with a summary that lists the total charges, invoice due dates, and remittance addresses.
Additionally, if the employer elects Beneration’s Carrier Bill Pay service (optional), they’ll receive one invoice for the total amount due allowing them to cover all charges with one single ACH transaction.
As a reminder, we’ll also immediately post each individual invoice to our VerifiaBill portal as soon as we collect them from your carriers and vendors.
We’ve developed proprietary automation technology and related internal processes that allow us to check for invoices from carrier and vendor portals daily and collect them at scale. While we anticipate the availability of online portals for most carriers and vendors, we are alternatively able to collect invoices via email distribution lists when necessary.
We are the only billing solution leveraging our best-in-class technology to know when your invoices are available each month and ensure with the utmost priority that they are delivered to you as quickly as possible.
If you’ve elected our Carrier Bill Pay service, we leverage a PCI-compliant, API-based payment gateway to collect premium funds from you and your company. Once we’ve received your payment, we have a dedicated internal team that pays carriers using a variety of methods; in order of availability: online bank transfers, ACH/wire transactions, phone-based payments, and expedited checks.
Paying your carriers and vendors on time, every month, is an absolute must for our team. When we pay your invoices, we always ensure that your carrier or vendor account is current with no outstanding balance or overpayment.
We collect enrollment data from your benefits administration or payroll platform in a variety of different ways. Depending on your specific platform, we’ve developed custom integrations, API-based integrations, SFTP transfers, EDI feeds, or manual report-running. Regardless of your platform, we have an efficient and secure method of collecting your data.
Consolidated Invoicing or Billing Questions?
We're here to support you.
Get more details about consolidated invoicing as well as answers and support from our team of billing experts.