Faster Remediation Invoice Processing
Invoice processing solutions for the property claims industry.
What is the Rest-Assured platform?
Rest-Assured is an “Expert Tool” created to accelerate the identification of issues on property restoration invoices. It employs the latest techniques to acquire/scrape data, apply business rules, and incorporate AI-ML techniques to ensure bills are compliant, appropriate and reasonable to pay. The result is a platform that enables Adjusting Firms, TPA’s, Building Consultants, Insurance Companies, and Businesses that have self-insured property losses to compare expense rates and ratios against industry norms to more consistently find savings while minimizing cost and effort.
The platform exceeds expectations. The information that it provides - in such a short amount of time - is extremely beneficial to the adjusters. They can use your data as a tool to negotiate with the restoration contractors to achieve a fair price for services rendered. The platform provides in 1-2 days what would take a building consultant weeks to complete at a fraction of the cost. Keep doing what you are doing.
How Does It Work?
Get faster remediation invoice processing with our Rest-Assured platform. Rest-Assured streamlines complex invoice submission, reconciliation and remediation processes by leveraging advanced data strategies to acquire/scrape data, apply business rules, and incorporate AI-ML techniques to ensure bills are compliant, appropriate and reasonable to pay.
- Reduce Financial Leakage (8%-15%)
- Reduce Data Entry and Review Time (50%)
- Reduce calendar time getting to an Undisputed Payment (50%)
What is the impact? Immediate Savings.
Case Study...
Our online Rest-Assured™ platform recently processed 30 restoration bills for a client…
SAVING OVER $1M
Out of $4.3M submitted total
2-DAY TURNAROUND
Average timeline per bill (with +50% less than 24 hours!)
SPENDING 1-2%
Of the gross invoice paid as cost to NovaData
As a Beta partner my team has seen the value that NovaData has brought to the restoration bill review space. Using these types of technologies will help the industry improve Insureds experiences by providing a documented rationale of what should be paid in very fast time frames.
Who Uses Rest-Assured?
Insurance Companies
Reduced losses due to billing leakage, decreased waiting time, cost, and exposure by closing cases quickly. Increase confidence in paying rigorously audited bills.
Insured/Self-Insured Companies
Reduced losses due to billing leakage, decreased time and cost in reviewing bills, and increased access to Claim/Loss Data and Analysis.
Auditors & Adjusters
Decreased review/reconciling time, increased ability to effectively handle more projects, and access to platform data (rates/bills) across the industry.
Restoration Companies
Increased speed of bills getting paid, increased transparency with Insurers and Insured Cos. Increased credibility & sales by marketing their participation in the Rest-Assured™ Network.
