Increase savings on your benefits with AI
Gen AI based Employee benefits invoice reconciliation services
The Challenge
U.S. companies spend close to $4 trillion on employee benefits - the second largest expense behind payroll. We understand that HR staff are overburdened and do not have the time, resources or expertise to audit and consolidate their benefits invoices. We ensure employers are not overpaying for their benefits and make sure all employees have the coverage they elected.
A 575 life employer is exposed to an estimated $215,000 of incorrect health premiums each year
The Current System is Broken
( Annual Enrollement Process )
The Opportunity
Reconciling benefit invoices against enrollment and payroll data is complex and error prone work. Getting it right once is hard. Getting it right every month for every employer is very hard. Yaku our AI bot is trained to do just that and never gets bored or distracted. Yaku removes the “manual” from the process.
Yaku is built on the latest GenAI and Cloud technology, trained to reconcile benefits enrollment, payroll and carrier invoice data. Yaku reads your data from the various and disparate data sources and identifies billing problems. Whether the problems are overpayments or underpayments (employee or dependent is underinsured or not insured at all), Yaku identifies the problem and reaches out to arrange the correction where it resides (carrier invoice, HRIS payroll or benefits administration or enrollment).
Brokers can deliver significant value to their clients
Eliminates overpayments
Eliminates employer write-offs associated with untimely communication to carriers
Ensures all employees are enrolled in the right coverage
Value accrues across the supply chain
Carriers
Reduce liability associated with underinsured
Eliminate location and division based invoicing
No need for expensive and complex EDI / API integration
Brokers
Real-time error identification – avoids protracted negotiations with carriers
Lower cost way to offer benefits reconciliation services to your customers
Improved customer satisfaction
Employers
Only pay what you owe
Eliminates lengthy carrier negotiations and associated write-offs
Ensures all employees receive the benefits they signed up for
An Expert Team
Our team is a unique combination of dedicated and experienced employee benefits professionals with those experienced in building AI-driven software systems used by millions of people.
Here to Help
We offer a self-service SaaS solution and a full-service option. We work with our clients to understand their unique needs and goals, and then tailor our services to meet those needs.