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What Is Vendor Cost Control?

Date post: 18-Nov-2014
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Our premier comprehensive Vendor Cost Control™ service facilitates immediate solutions with real time reporting and time saving techniques that provide allocation reconciliation during construction defect complex financial litigation. Here's How!
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busines s SOLUTIONS Vendor Cost Control™ 21 ST Century Cost Tracking Solutions for Complex Litigation
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Page 1: What Is Vendor Cost Control?

businessSOLUTIONS

Vendor Cost Control™

21ST Century Cost Tracking Solutions for Complex

Litigation

Page 2: What Is Vendor Cost Control?

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.  

Page 3: What Is Vendor Cost Control?

businessSOLUTIONS

Non Existent Learning Curve

Our goal is to provide a system that is as intuitive as your stockbroker or

bank website.

Page 4: What Is Vendor Cost Control?

businessSOLUTIONS

VENDOR COST CONTROL

OLD

VS

NEW

Page 5: What Is Vendor Cost Control?

businessSOLUTIONS

Secured Login

Claim Details

Page 6: What Is Vendor Cost Control?

businessSOLUTIONS

VCC allows users to INSTANTLY factor in:• Tender Dates• Cessation Dates

• Exhaustion Dates• Self-Insured Retentions

• Percentage Allocation• Settlements

Page 7: What Is Vendor Cost Control?

businessSOLUTIONS

ReportsBALANCE SUMMARY REPORT

Page 8: What Is Vendor Cost Control?

businessSOLUTIONS

Cost administration has evolved from a recovery process to immediate

carrier participation.

RISK TRANSFER is the insurance buzzword!

Page 9: What Is Vendor Cost Control?

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.

Page 10: What Is Vendor Cost Control?

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.

Page 11: What Is Vendor Cost Control?

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

Page 12: What Is Vendor Cost Control?

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

Page 13: What Is Vendor Cost Control?

businessSOLUTIONS

JDi Data reconciles vendor and attorney matrices, payments and invoice activity to

ensure there is no duplication and omissions.

Due Diligence

Page 14: What Is Vendor Cost Control?

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

Page 15: What Is Vendor Cost Control?

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


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