Financial Frank for Employee Benefits

coming soon...

Objective:

Financial Frank is being developed for employee benefits brokers and available to empower CFOs and benefits leaders with on-demand data-driven visibility into plan performance. It streamlines renewal forecasting, surfaces key cost drivers, and delivers polished executive-ready reporting.

Once your financial claims reports, invoices, and other carrier reports are loaded; Financial Frank will clean and prepare the data for forecasting and analytics. The control panel dashboard offers great flexibility in options to view your data: by line of coverage, by plan, by class, by timeframes (rolling 12 or 24 months, by plan year, or custom settings), and by total amount or by PEPM or PEPY.

A robust reporting package includes (based upon data available internally or from your carriers and TPAs):

• monthly reporting

• key metrics / kpi

• plan performance projections

• premium forecasting

• aggregate claim status monitoring

• large claimant tracker

• demographics

• reinsurance reimbursement

• discount calculation

• IBNR - incurred but not reporting estimate

• benchmarks obtained from the Department of Labor machine-readable files required by CAA

The outcome elevates financial planning efficiency and drives smarter benefits management.