Are your current claims management practices overwhelming your HR team with even more work? If you answered yes, it might be time to switch to a comprehensive and customisable claims management software solution.
The best platforms are cloud-based and integrate seamlessly with your Human Resource Management System (HRMS), so you can create a centralised location for all vital HR functions (including payroll and attendance tracking). These systems are also designed to be user-friendly. They can support paperless claims submission and approvals to simplify and streamline the entire process.
Keep reading to discover how a better claims management system can support your HR team and improve your business overall.
Simpler claims processing for managers and employees
Is your claims processing largely manual? A cloud-based claims management platform can transform that tedious process and make it more convenient by allowing submissions through a mobile app. This paperless solution lets employees snap and upload photos of receipts and documents directly through the app and receive real-time notifications and updates on their claim status. Managers, on the other hand, can effortlessly review complete expense reports by exporting them. These upgrades enhance transparency and accountability.
Simplifying the setup of claims policies
Claims management software should make the claim policy setup simpler and customisable. Choose a solution that lets you configure any number of claims policies in an e-claims portal while meeting your business needs. In addition, it should allow you to set a cap or up to 5 levels or multiple approval workflows to simplify management.
Support for claims management
Does your company employ international team members? The best claims management platforms offer support for multiple currencies through an online expense claim system. These systems also feature project expense support for detailed tracking of claims by project. This is particularly useful for managing expense records (medical, travel, etc.). If you use accounting software, the best claims management solutions can effortlessly export data to it or integrate with third-party accounting applications for a cohesive financial management system.
Get reports in one click.
Claims management is made easier with systems that can generate reports with just one click so you can view data at a glance. Managers can even get claim reports anywhere and anytime to access historical data or explore expenses.
Try Adaptive Pay's claims management software solution to discover how it can streamline your processes. This comprehensive cloud-based HRMS solution is packed with features such as leave management, payroll, and attendance and rostering. Request a demo to learn more.
About the company:
Adaptive Pay is a groundbreaking cloud-based HRMS and payroll software that simplifies and automates HR and payroll management for Singapore businesses. The software adheres completely to Singapore's employment laws and regulations, rendering it a highly suitable option for local businesses. A notable characteristic of Adaptive Pay is its user-friendly interface. The implementation of advanced security measures by Adaptive Pay guarantees the confidentiality and security of sensitive employee data.
