The document describes the process a claims company uses to handle customer claims from receipt of mail to payment. It involves separate departments for scanning claims and receipts, data entry to match claims to receipts and policies, and adjudication and payment. However, this process is inefficient, expensive, and error-prone due to bottlenecks between departments and repetitive manual tasks. The company is looking for ways to streamline and automate the process.
Time Tracking for SR&ED Claims 101 - Oct 23, 2014Boast Capital
Did you know that inadequate time tracking is one of the most common reasons the Canada Revenue Agency denies Scientific Research & Experimental Development (SR&ED) tax credit claims?
Whether you've claimed before or are just learning about the SR&ED program, join Boast Capital on Thurs, Oct 23 from 4 - 6 pm to discuss how you can support your next SR&ED claim. You will learn:
-What types of projects are eligible for SR&ED and how to claim
-What the CRA requires for time tracking and documentation and what you should be doing
-What a CRA Review consists of and how you can prepare
Spots are limited so don't miss out!
Webinar: The Do's and Don'ts of Claiming SR&ED Tax CreditsBoast Capital
On Feb 19, Jeff Christie delivered a webinar on the Do's and Don'ts of Claiming the Scientific Research & Experimental Development (SR&ED) tax credit. Here are the slides from the presentation.
Quikr collect- A collection management softwareDivya Mohla
QuikrCollect is a unique integration of different aspects of order to cash cycle. Workflow based Sales Order Processing brings a discipline in order processing. Milestones are used to track important deliverable to be achieved for realization of payment. Combination of Period Based, Milestone Based and Unspecified billing plans provide complete tracking of billing over the lifecycle of the project. Follow Up is a layer built on top of this information to track the progress at different stage. Payment Collection module helps match payments with invoices with least user effort. With all the teams working together on the same TAT based system, all updates are available to all the members at all time.
Key Performance Indicators (KPIs) for law firms have traditionally been based upon available and billable hours. Recently, firms are starting to look at different metrics. These metrics come from the fields of sales, project management, and business development. Are these new KPIs just a trend? Not if you wish to be a profitable firm. However, it’s not just about measuring KPIs, it’s also about evaluation and action.
In this hour-long webinar, join Mary Juetten and Billie Tarascio as they discuss the metrics that help Billie's law firm succeed.
Topics covered include:
What are the new metrics for law firms?
What steps does a firm need to take to accurately track KPIs; and
How to act on data rather than be buried by it.
Almost one year after the introduction of PAYE Modernisation, Paul Byrne looks back at the story so far and decides whether or not PAYE Modernisation has been a success. In the webinar, Paul also reviews some of the most common mistakes employers have made to date and what employers should expect in 2020. As part of this webinar, we take a closer look at BrightPay Connect and how important it is to backup your payroll data for PAYE Modernisation, including a whistle stop tour revealing the hidden benefits of how BrightPay Connect’s cloud platforms are supercharging the payroll bureau service offering.
For more information visit brightpay.ie or thesaurus.ie
Recorded webinar: http://slidesha.re/LRBvC4
Subscribe: http://www.ksmartin.com/subscribe
To purchase the book: http://bit.ly/MBPMbk
Metrics-Based Process Mapping is a highly effective tool for improving office, service, and knowledge work processes.
Time Tracking for SR&ED Claims 101 - Oct 23, 2014Boast Capital
Did you know that inadequate time tracking is one of the most common reasons the Canada Revenue Agency denies Scientific Research & Experimental Development (SR&ED) tax credit claims?
Whether you've claimed before or are just learning about the SR&ED program, join Boast Capital on Thurs, Oct 23 from 4 - 6 pm to discuss how you can support your next SR&ED claim. You will learn:
-What types of projects are eligible for SR&ED and how to claim
-What the CRA requires for time tracking and documentation and what you should be doing
-What a CRA Review consists of and how you can prepare
Spots are limited so don't miss out!
Webinar: The Do's and Don'ts of Claiming SR&ED Tax CreditsBoast Capital
On Feb 19, Jeff Christie delivered a webinar on the Do's and Don'ts of Claiming the Scientific Research & Experimental Development (SR&ED) tax credit. Here are the slides from the presentation.
Quikr collect- A collection management softwareDivya Mohla
QuikrCollect is a unique integration of different aspects of order to cash cycle. Workflow based Sales Order Processing brings a discipline in order processing. Milestones are used to track important deliverable to be achieved for realization of payment. Combination of Period Based, Milestone Based and Unspecified billing plans provide complete tracking of billing over the lifecycle of the project. Follow Up is a layer built on top of this information to track the progress at different stage. Payment Collection module helps match payments with invoices with least user effort. With all the teams working together on the same TAT based system, all updates are available to all the members at all time.
Key Performance Indicators (KPIs) for law firms have traditionally been based upon available and billable hours. Recently, firms are starting to look at different metrics. These metrics come from the fields of sales, project management, and business development. Are these new KPIs just a trend? Not if you wish to be a profitable firm. However, it’s not just about measuring KPIs, it’s also about evaluation and action.
In this hour-long webinar, join Mary Juetten and Billie Tarascio as they discuss the metrics that help Billie's law firm succeed.
Topics covered include:
What are the new metrics for law firms?
What steps does a firm need to take to accurately track KPIs; and
How to act on data rather than be buried by it.
Almost one year after the introduction of PAYE Modernisation, Paul Byrne looks back at the story so far and decides whether or not PAYE Modernisation has been a success. In the webinar, Paul also reviews some of the most common mistakes employers have made to date and what employers should expect in 2020. As part of this webinar, we take a closer look at BrightPay Connect and how important it is to backup your payroll data for PAYE Modernisation, including a whistle stop tour revealing the hidden benefits of how BrightPay Connect’s cloud platforms are supercharging the payroll bureau service offering.
For more information visit brightpay.ie or thesaurus.ie
Recorded webinar: http://slidesha.re/LRBvC4
Subscribe: http://www.ksmartin.com/subscribe
To purchase the book: http://bit.ly/MBPMbk
Metrics-Based Process Mapping is a highly effective tool for improving office, service, and knowledge work processes.
Been in business since 1940 MW offers Health, Dental, Travel, Life, and Disability insurance It’s a not for profit organization. 37.5 % market share
1.5 million customers in BC 8,000 different group plans from businesses, unions and associations Trends:
Mail – scanning – date entry – adjudication – Accounts Payable
In the mail room, a human opens each envelope received and sorts the claims. Open read sort
As you can see it’s a really complicated and a long set of steps just for scanning.
Matrix mess to go here (of the process)
Click click click -
Didn’t we already do this?!
Where’s my money! This is the last step where a claim is accepted or rejected and the file is closed! Option1: accept and write check Option2: reject and reply with a letter of rejection/non-converage
Think of a bottleneck on the freeway – all of a sudden you reach a point on the road were things get S L O W, and you wonder, what on earth is interferring with the flow of traffic?! With so much staff time involved the system is really inefficient and slow.
Ok, so we’ve looked at the steps in the process and so now – where is the issue? -no matter what we still have to sort the claims to the appropriate dept -scanning: have you SEEN that machine?! (flash back to scanner) right now we are spending oodles of time to scan each claim ad set of receipts into the system which takes T I M E (and time is money, right?) this is obviously an area for improvement -data entry: after scanning we’ve now got to put it in the system – BY HAND. At current we have # of people putting each form into the computer…uhh? -adjudication: (there is that fancy word again) here is where we decide if they get the money, which means we have to review everything that has already been through the system – we Mail – scanning – date entry – adjudication – Accounts Payable
What are we trying to fix exactly? -inefficiencies -errors -and C O S T : at current this process costs MW roughly 931,000 annually in labor and other direct costs (841 & 90k) – per claim .695$ and 14 hours from beginning to end
So, what do we do and what do we need to consider? -we would like to bring greater efficiency to the process to limit labor costs and time – because time is money!