What Is Vendor Cost Control?
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Transcript of What Is Vendor Cost Control?
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businessSOLUTIONS
Vendor Cost Control™
21ST Century Cost Tracking Solutions for Complex
Litigation
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businessSOLUTIONS
We all know how COMPLEX, EXPENSIVE, and UNWIELDY
costs and the tracking of costs can be!
About Vendor Cost Control™
Our premier comprehensive Vendor Cost Control™
service facilitates immediate
solutions with real time reporting and time saving techniques that provide allocation reconciliation during complex financial
litigation.
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businessSOLUTIONS
Non Existent Learning Curve
Our goal is to provide a system that is as intuitive as your stockbroker or
bank website.
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businessSOLUTIONS
VENDOR COST CONTROL
OLD
VS
NEW
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businessSOLUTIONS
Secured Login
Claim Details
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businessSOLUTIONS
VCC allows users to INSTANTLY factor in:• Tender Dates• Cessation Dates
• Exhaustion Dates• Self-Insured Retentions
• Percentage Allocation• Settlements
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businessSOLUTIONS
ReportsBALANCE SUMMARY REPORT
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businessSOLUTIONS
Cost administration has evolved from a recovery process to immediate
carrier participation.
RISK TRANSFER is the insurance buzzword!
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businessSOLUTIONS
Workflow EfficiencyVCC provides efficient workflow for
attorneys by decreasing their involvement. Submitted invoices
seamlessly move from email to the JDi Data portal. Case managers verify all financial and payment activity. Vendor
Cost Control™ provides a total overview!
Law firms continue with as much or little financial
administration as necessary. JDi Data is a mechanism with
professionals to assist with complex litigation.
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businessSOLUTIONS
What-If Scenarios
States, like Florida and Texas, that do not have risk transfer case law and precedents are fertile ground for defending
attorneys to create cost-sharing proposals.
VCC can construct what-if scenarios to assist in the process of lawmaking. Creating laws is a process, and JDi Data can
help with providing various costs allocation scenarios.
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businessSOLUTIONS
VCC process is a cradle-to-grave solution with controls.
Matters administered by defense or coverage attorneys may be funded by
multiple sources.
JDi houses and produces business intelligence analysis for client assessment.
End to End Solution
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businessSOLUTIONS
Vendor Cost Control provides a complete financial picture with business intelligence reporting.
Once fragmented data is now “BIG DATA” housed in the VCC portal.
All aspects are on-line!
A complete financial picture of data collection available 24/7.
Business Intelligence Reporting
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businessSOLUTIONS
JDi Data reconciles vendor and attorney matrices, payments and invoice activity to
ensure there is no duplication and omissions.
Due Diligence
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businessSOLUTIONS
Document Depository
Take out the data entry methods and upload documents and invoices directly into the portal which minimizes work effort and maximizes the involvement of computerized document tracking and review systems using modern technology.
Dispersing Funds
Funds can be sent in several ways depending on your preference:
• Immediate ACH Direct DepositAttorneys have the option of receiving insurer payments through a direct ACH transfer of funds to an approved bank account.
• Mailed Checks
Value Added Features
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businessSOLUTIONS
We pride ourselves on listening to what you say, and responding with services that integrate seamlessly into your existing
workflow, but still improve your work force.
During the setup process case managers will create a workflow that works best for you.
All case managers are also available via email, phone, or live chat on our website for your convenience.
Customized Service
http://www.jdidata.com954-938-9100