Benefits Reconciliation for Payday HCM

Overview

Payday HCM, a payroll provider, also administers various employee benefit plans. The project involved automating the reconciliation of employee data with plan invoices to ensure accurate deductions and billing.

Problem

The reconciliation process was overly burdensome and manual, consuming thousands of labor hours each year. It involved managing numerous combinations across clients, employees, and insurance companies, leading to inefficiencies and increased risk of errors. The manual process was not only unsustainable but also tedious and unenjoyable for the team, necessitating a solution that could significantly reduce the workload by 80% or more.

Solution

  • Process Identification: Identified all critical processes and data points along the reconciliation path.
  • AI Development: Developed and trained an AI to ingest invoice and payroll information, automating the reconciliation process.
  • Application Interface: Provided an interface for Payday HCM to produce necessary outputs efficiently.

Outcome

  • Efficiency Gains: The custom AI solution transformed a manual process into a fully automated system, significantly improving efficiency and accuracy.

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Benefits Reconciliation for Payday HCM

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