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Soluta is a leader in automated billing, reconciliation, and payment processing services for employee benefit programs. Through our integration with Employee Navigator and partnerships with insurance carriers, brokers, payroll companies, and PEOs, we eliminate administrative headaches, ease client friction, and drive operational efficiencies through automated, accurate data, systems and processes.
Consolidated List Billing & Payments
Soluta’s primary solution is consolidated list billing services that are fully integrated with Employee Navigator and include automated adjustments and carrier-rule-based enrollment-change look-backs. This solution can provide divisional billing with unique accounting and payment remittance by division or location, and it simplifies ACH payment of invoices through single-click functionality in the online portal. The platform can be configured for multiple broker commission payment options, such as level, heaped, graded, and variable (for policy age, vested commissions, and more).
Advanced Reconciliation
Soluta offers payroll reconciliation services that can be paired with our consolidated list billing solution.
We reconcile payroll deductions to expected premium payments based on current enrollment records. Our payroll reconciliation feature tracks payments, underpayments, suspense, and adjustments at the individual level to minimize payment application issues. Identified payment discrepancies are reported and sent back to the group for further review.
Soluta also offers a cycle-adjusted feature for variable premium invoicing, based on configured payroll calendars. Our platform accommodates any payroll deduction frequency to ensure the bill is always matched to the deductions taken during the period.
Our reconciliation services include post-processing reporting that captures any payment discrepancies, allowing them to be reviewed after each reconciliation month.
The Soluta Advantage
With Soluta, you get accurate billing, reconciliation, and payment processing services delivered through automation, flexible platform configurations, and our carrier, payroll, and Employee Navigator integrations. Together, these set Soluta apart in the following ways:
• Fully integrated with Employee Navigator
• Carrier billing system of record
• Daily data imports
• Consolidated invoicing
• Fully licensed TPA
• Collection and application of member premiums
• Payroll reconciliation of deductions to expected premium payments
• Fast, accurate commission payments
• Carrier and vendor payments
• Employer group and broker portal
Connection Status:
Connected
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