14 Billion dollars in overpayments last year. A 13 percent error rate on average nationwide. A 50 percent win rate on employer protests. Hundreds of billions spent managing this process by employers each year. What do these numbers mean to the typical employer? You are paying too much in unemployment, winning too seldom when you protest, and spending a great deal of payroll dollars to manage the process.  

Managing (and winning) Unemployment Insurance (UI) claims is no easy feat. It’s an ever-evolving, never-ending, drawn-out cycle. It is laborious, tedious, and costly, but controlling these costs is an essential part of ensuring your business’ financial well being. Implementing an Unemployment Cost Management Software will help you become better at this process and save you hours of time and hundreds of thousands of dollars.

Let’s take a look at the top five ways unemployment software will save you time and money:

1. Centralized Data: Having all of your UI claims related information in one powerful, user-friendly database allows for greater efficiency in managing your claims. You’ll no longer have stacks of files and pages of spreadsheets; with Unemployment Tracker, your data is all in one place so you don’t have to go searching for the information you need to follow up on a claim or request a credit.

1. Powerful Claims Tracking: With unemployment software, you can organize and track your claims, protests, and charge data any way you want. Having the ability to track this information by whatever breakdown you wish, gets you a better handle on which departments, locations, clients, etc. are costing you the most money, and allows you to spot problems and correct them before they become bigger issues. The possibilities are endless.

1. Critical Reminders and Reports: Having flags for overpayments, reminders of tasks to accomplish, reports to catch mistakes, and more allows you to catch and correct many of the errors that lead to overpayments.

1. Time-Saving Automation: Automation of many of the claims management functions and connections to other relevant information allows for less labor spent managing this process. What if you could start to enter a claim and have your software pull the relevant information for that claim from your payroll system? How much time would that save you? Plus, only Unemployment Tracker allows you to import claims and charges received from the UI Agencies electronically. Simply just scan and upload claims and charges directly — data entry efficiency at its finest!

1. Compliant Integration: UI SIDES Web Services integration allows for the State UI Agencies to send information directly to your desktop (without having to log into multiple state websites) and allows for importing and tracking of the information being sent (claims, protests, decisions, charges/credits, etc.). Unemployment Tracker’s pre-formatted UI Agency correspondence forms are automatically populated with the employer and data necessary for interacting with state UI agencies.

All of the aboveformentioned points save you, the employer, significant time and money managing the Unemployment Insurance process. This year, businesses just like yours will have overpaid UI benefits in excess of $14 billion; don’t contribute to that statistic. You have the power to control your UI costs.

At Unemployment Tracker, our clients typically enjoy the following benefits:

• Up to 50 percent reduction in labor needed to manage their UI processes.
• Between 20 and 35 percent more credits to their UI Reserve Accounts.
• Up to 40 percent increase in protest win.
• The ability to direct connect with UI SIDES without spending hundreds of thousands (or even in excess of a million dollars) to build a connection.

With all of these benefits and savings, shouldn’t you be contacting us?