Intelli-Claim

What is Intelli-Claim?

Intelli-claim is an ASP Claims Management System built upon the Metatomix Financial Services Framework (MFSF) that employs financial services-specific claims management “ontologies,” based on the W3C industry standard.  The Intelli-Claim solution serves as a exchange service between all counter-parties.  Each party raises their claims on the Intelli-Claim system, making all claims from all parties viewable and actionable for the specific parties involved.  Each party will only see their own inbound and outbound claims.

Intelli-Claim
Intelli-Claim:

  • Implements a comprehensive, rules-driven solution to facilitate the management and resolution of the often complex and problematic claims process between financial institutions.
  • Provides automated issuance and management for interest claims, dividend claims, tax reclaims, corporate action claims and market buy-in claims. These claims typically result from inefficiencies in the processing of the various intricate financial transactions.
  • Offers a settlement workflow system capable of replacing the current archaic methodology with a feature-rich, browser-based claims management system.
  • Easily accessible through centralized Web Architecture
  • Automated fax and email notification of claims to counterparties
  • Browser-based user interface – no software required on user workstations
  • Offers configurable dashboard alerts and notifications
  • Pay-as-you-go service

Automates Claim Management

Intelli-Claim eliminates the expensive, error-prone processes associated with manual claims issuance and control. Automatic claim creation and management, integrated with sophisticated communication tools, forms the core of Intelli-Claim. This hosted, automated environment promotes industry-wide straight through processing (STP) by connecting institutions on a common platform in a centralized location. With enhanced communication between parties throughout the claim management process, users achieve a level of management insight, audit trail, and accountability not possible with the current process most financial institutions use. Intelli-Claim offers full control and accountability through claim management facilities, along with net settlement calculations and exception management.

Highly Cost-Effective

Intelli-Claim significantly reduces inefficiency and cost by enabling users to pursue claims and resolve them with minimal time and effort. Intelli-Claim can be deployed as an enterprise-wide claims data consolidation tool by combining exceptions generated across an organization. A repository of settlement records and data, control, and reporting services are available both as standard and customized services.

Customized Reports

Reports can be customized specific to your business needs.  Standard reports are available such as:

  • Claims by Counterparty
  • Outstanding Claims by Counterparty
  • Outstanding Amounts by Counterparty
  • Claims by Status
  • # of Days to Settle Claims
  • Weekly Views or Client Level Views

Why Intelli-Claim?

Frequently claims are opened, managed and settled through very manual processes that are error prone and inefficient.  Intelli-Claim significantly reduces inefficiencies through a web based service that’s easy to use and ultimately less costly.  It enables more claims to be settled faster.