As enrollment changes occur, the records are updated. Again, these changes can be made on the web via CHS WebAccess. Retroactive adjustments can go as far back as you choose. Adjustments automatically check rates and carriers at time of adjustment to ensure that adjustments are correct. As new products are purchased, billing for those products is a breeze.
Bills can be printed on paper or run as electronic files with your customer’s logo and format. They are easy to understand and can be delivered securely over the web using CHS WebAccess. Bills can be run for employer groups, locations and individuals. Bills have detail and summary sections. Lastly, Electronic files can be easily imported into your client’s accounting system.
Payments can be made using EFT, ACH, Lockbox and credit card. Payables are generated with billing for items like commissions payable, premiums payable etc.
Reconciliation of carrier bills for administrative service only (ASO) and PEO companies can be quite a time-consuming chore. CHS POWERBILL 123™ can be set up with custom reconciliation feeds for carrier bills whether the bills come in on paper or in electronic format.
CHS POWERBILL 123™ comes with integrated Accounting with Accounts Payable, Accounts Receivable and General Ledger. Reports are run against the Microsoft relational SQLServer database.