Manual Bordereaux Reconciliation Is Costing Your Business
Managing bordereaux documents, claims, and premiums is complex and resource-intensive. Manually processing hundreds of files in multiple formats is time-consuming and can lead to data inconsistencies, compliance risks, and wasted resources.
From Manual to MiA
Manual Data Processing
Firms often handle a large volume of bordereaux documents in various formats, manually processing, validating, and reconciling them with existing records.
This process is time-consuming, labor-intensive, and prone to human errors.
Reduce Time & Effort
MiA automates manual bordereaux reconciliation, from document processing to validation to reconciliation.
This frees up your team to focus on high-value tasks vs. admin work.
Data Incosistency & Complexity
Bordereaux documents can contain inconsistent and complex data due to variations in terminology, data structure, and reporting standards, making it challenging to achieve a unified view of the data.
This inconsistency can result in data silos, where information is fragmented and difficult to reconcile.
Improve Accuracy & Reduce Errors
MiA helps teams reconcile bordereaux data from various formats with 99% accuracy, reducing errors that emerge from manual reconciliation processes and ensuring consistency.
Regulatory Compliance and Accountability
Manual reconciliation makes it difficult to maintain accurate records and provide traceability for audit purposes.
The lack of automation and standardization can result in discrepancies and compliance issues, leading to potential regulatory penalties, reputational damage, and financial losses.
Better Regulatory Compliance
MiA helps you effortlessly maintain regulatory compliance by providing built-in traceability features to provide clear, verifiable audit trails.
This helps mitigate compliance risk and protect against penalties and financial loss.
Meet MiA
Automate Bordereaux Reconciliation With 99% Accuracy
MiA leverages generative AI to automate and optimize the entire bordereaux reconciliation process, unlocking efficiency and improving accuracy. It’s designed with advanced capabilities tailored for the insurance industry, addressing the complexities of managing diverse document formats and ensuring seamless integration.
Automated Data Extraction From Multiple Formats
Extract critical bordereaux information from PDFs, Excel files, and other formats automatically, eliminating manual data entry and reducing errors.​​​​
Data Transformation & Validation
Standardize and validate premium payments, and claims data for consistency and accuracy across all documents, regardless of format or terminology.​​​
Reconciliation Engine
MiA’s powerful engine matches extracted data against your records, identifies discrepancies, and provides full traceability for audit and compliance purposes.​​​
Seamless Integration
Integrate effortlessly with your existing systems, including your bank feeds, emails, payments, and applications, to keep your workflows running smoothly without disruption.​​
User-Friendly Interface
MiA’s intuitive interface enables you to easily configure and monitor the reconciliation process, review results, and adjust as needed. ​
Real-Time Insights and Instant Processing
As files come in MiA processes them and makes them available for insights in real-time. No more waiting for the team to complete the process.
Why MiA?
MiA is uniquely designed to tackle the specific challenges of bordereaux reconciliation in the insurance industry, offering powerful benefits tailored to optimize your operations.
Accelerate Time to Market
Increase Efficiency
MiA’s platform enables insurance organizations to rapidly deploy in as little as 4 weeks.
Automate the entire reconciliation process, freeing up your team to focus on higher-value tasks.
Better Accuracy
Minimize human error and ensure bordereaux reconciliation results are consistently accurate and reliable, regardless of document complexity or format.
Scalable to Your Needs
Whether you’re handling hundreds or thousands of bordereau documents, MiA scales effortlessly to manage large volumes and adapt to varying complexities, making it suitable for firms of any size.
Cost Savings
Reduce development costs, from initial deployment to ongoing maintenance. MiA learns to handle different formats and inputs from your data and context, without the need for additional programming.
Improve Compliance
Maintain regulatory compliance effortlessly with built-in traceability and auditability features that provide a clear, verifiable audit trail.
