"Claimatrix eliminates the expensive processes associated with manual claims issuance and control," says Stuart McKinlay, chief executive officer of the firm, which is owned by Toronto venture capital firm, Capital Market Technologies.
Solution Overview Automation and collaboration lies at the heart of most banking and financial services systems and iBase claimatrix considers this a pre-requisite for providing cost reduction and efficiency gains in these challenging times.
This automated approach will empower identification of: Date
* settlement process efficiency * claims process efficiency * settlement and claim inefficiency * enterprise wide counterparty payables/receivables exposures * full enterprise–wide point and life cycle audit trails * claim process accountability.
iBase claimatrix supports automated claims for: Date
* Claims communicated via expensive and inefficient faxes and telephones. * Claims control is unconsolidated across entities. * Claims processing and collection often sidelined as the cost of pursuing them currently exceeds the value of the claim.
Solution benefits Date
* Secure Web-based SaaS service – no software installation * Flexible and reduced costs through pay-as you- go. * Hierarchical system design enables enterprise-wide solution. * User community influence over platform functionality and scope * Manual and Automatic Claims Entry & Capture. * Claims Workflow and Lifecycles - Parameterised to Industry standards. * Best-of-breed data collection templates, process standards and practices * Internal and External control and accountability through case allocation & ownership throughout the claimcycle. * Claims aggregation and net settlement opportunities * Increased accuracy and control with real-time automation and alerts. * Ability to convert all claim values back to a base currency of your choice * Infinite reporting opportunities of open and archived claims. * Intuitive graphical screens and workflow.
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