Benefit Cost
Allocation
VerifiaBill makes it beyond simple to audit and allocate every charge of your monthly employee benefits spend.
Benefit Cost
Allocation
Our VerifiaBill software makes it beyond simple to audit and allocate your monthly benefit spend.
Solutions That Work
Make Life Easier for Accounting
In addition to ensuring carrier accuracy, VerifiaBill services are a huge advantage to your accounting department.
Remove the hassle and time lost from converting and parsing a multitude of separate invoices from numerous carriers.
You’ll receive one report, with every charge from every invoice consolidated in one place. Every charge will be mapped to your specific internal cost centers.
We Keep It Simple
Full Visibility
See every nitty-gritty detail. You’ll receive a monthly spreadsheet with employee-level billing details from every carrier, as well as departmental summaries.
Impactful Data
We gather all your data by connecting to your benefits or payroll platform and tracking down the carrier invoices. With VerifiaBill, those invoices are automatically converted into data you can use.
Reliable Reporting
We won’t keep you waiting. Your accounting department will receive this monthly report within 5 business days from the date that we receive all carrier invoices.
Cost Allocation FAQ
An employee benefits cost allocation report is a single spreadsheet that shows an employer every benefit billing charge for that month, broken down by their specific internal cost centers.
The first step is consolidating every carrier invoice and auditing all of the benefit charges, which is why our cost allocation reports go hand in hand with our invoice consolidation process. VerifiaBill’s cost allocation auditing process will map every single charge to the organization’s employees and cost centers. The report itself is broken down according to the employer’s exact accounting specifications.
Solutions. Support. Expertise.
Let our solutions simplify your business.
Our tools and our team are primed to help you find order in the chaos of employee benefits billing. Get started today.