• Tracks the status of each disbursement and assigns error codes if necessary as disbursements transition from issued status to honored, stopped, or voided status. 
• Maintains general ledger reconciled inventories of oustanding draft liabilities and reconciles to your bank's outstanding Check Fraud Avoidance (also known as Positive Pay) listings. Reconciles general ledger cash account balances to bank account balances.
• Creates automated journal entries for disbursement transactions and and bank activity.
• Routes exceptions to accountants like disbursements in error status, bank reconciling items, and out of balances with the Check Fraud Avoidance listings.
• Creates general ledger reconciled reports supporting drafts outstanding and insurance losses.
• Consolidates claims payment data from multiple claims systems and adjustments providing an excellent reconciled data repository for 1099 reporting and escheatment processing.

► read our insurance claims whitepaper for more information