A complete intercompany account reconciliation solution
The mission of this one-of-a-kind, prestigious Insurance organization is to proactively analyze and lobby to secure improvement in a legal and regulatory framework. After facing recurring problems of delays in claims settlement and tedious offline settlement processes, the client approached IOTAP for a comprehensive solution to all their major problems. IOTAP designed an Electronic Transaction Administration and Settlement System (ETASS) and implemented it in multiple phases as a complete solution for all their reconciliation problems. With the successful deployment of ETASS, all participating companies have satisfactorily achieved their primary goal of balance reconciliation.