Carriers often rely on vendors for information ono utstanding invoices and spend significant time reconciling invoicepayments. Compliance can sometimes be an issue

- A reporting feature that allows clients and vendors to access the same data to track what is outstanding and what has been submitted so that both parties possess the identical report of record both parties possess the identical report of record

Carries need the ability to pull individual invoice information across multiple vendors. VIP Software’s Reporting feature allows carriers to set filters (such as date, vendor, invoice status) and run reports which provide these invoice details. Reports can be exported to Excel for further filtering and analysis. Vendors do not need to reach out to carriers to access invoice or payment status. They have all this same information available to them as well. Popular reports include the AP Report and the Invoice Status History Report. Reports can also be run on Users, Fees, and Claims. VIP Software works with carriers to demonstrate best practices in utilizing these reports based on individual carrier needs, ensuring transparency between carrier and vendor.