Accelerating Accuracy & Efficiency in Insurance

Solutions for Accelerating Accuracy & Efficiency in Insurance Industry

Managing financial transactions in the insurance industry is highly complex—marked by high volumes, multiple payers, policy variations, and strict regulatory compliance. From premium collections and claims disbursements to reconciliation and audit readiness, the margin for error is slim and the stakes are high. CNT Infotech’s Automated Payment Reconciliation System (APRS) is purpose-built to tackle these challenges—offering intelligent automation, real-time reconciliation, and unmatched accuracy. With APRS, insurance companies can streamline financial workflows, reduce manual intervention, and gain full visibility into their cash flow.

Key Features of Our Solution –Automated Payment Reconciliation System(APRS)

APRS (Automated Payment Reconciliation System) is designed to simplify and streamline the financial complexities of the insurance sector—handling large volumes of transactions with speed, precision, and regulatory compliance.

🔹 Real-Time Financial Dashboard

Get a unified view of all policy-related payments, claims disbursements, and premium collections
Interactive dashboards visualize cash flow, pending transactions, and reconciliation status
Customizable views for underwriters, finance teams, and auditors

🔹 Advanced Cash Posting Workflow

Automatically matches incoming payments to appropriate policy or claim accounts
Supports bulk uploads and manual adjustments when needed
Seamlessly processes payments from ERA files, lockboxes, or third-party portals

🔹 Machine Learning-Driven Matching

Learns patterns in premium payments, adjustments, and deductibles
Minimizes human error while speeding up reconciliation
Detects anomalies like duplicate payments, misrouted funds, or missing data

🔹 OCR Accuracy & Automation

Converts paper-based EOBs and payment documents into structured data
Eliminates 99.9% of manual entry errors—ideal for insurers managing legacy and paper workflows

🔹 Alerts and Notifications

Real-time alerts for unmatched payments, critical exceptions, or reconciliation delays
Notify teams via email, SMS, or system dashboards for faster resolution

🔹 Compliance-Ready Reporting

Generate daily, weekly, or monthly cash flow reports, aging reports, and audit logs
Maintain a full audit trail for regulatory compliance and internal audits

🔹 Seamless System Integration

Works with existing insurance core systems, policy management tools, and legacy databases
Supports integration formats like JSON, XML, BAI, and more

🔹 Enterprise-Grade Security

Protects sensitive financial and customer data with role-based access and multi-factor authentication
Fully compliant with SOC 2, HIPAA, and industry-specific standards