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Perspectives

COVID-19 loss analytics and information management system

Navigate loss of business claims effectively and efficiently

Is your organization looking to advance its COVID-19 funding and financial relief requirements process? Learn how Deloitte’s COVID-19 Loss Analytics and Information Management System platform can help you address challenges—from document management and workflows to expense claims—to effectively administer your COVID-19 funding and financial relief data analytics and management requirements.

The current COVID-19 loss analytics landscape

In March 2020, the US federal government enacted a series of legislation—the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Paycheck Protection Program, and the Health Care Enhancement Act—in response to the COVID-19 crisis. These measures provided financial relief to many, including a mechanism to help recover against crisis-related increased expenses and revenue loss. But the submission and reimbursement processes are complicated for operational and data management reasons.

Explore how our COVID-19 Loss Analytics and Information Management System (CLAIMS) platform can help you overcome these issues.

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The current COVID-19 loss analytics landscape

Address issues for COVID-19 loss of business claims

What are some common challenges in COVID-19 funding and financial relief?

Requirements, definitions, terms, and conditions for the multiple sources of funding and financial relief are often complex, atypical, and fluid.
The expense, cost, and revenue loss for data needed to calculate, submit, and support reimbursement may differ by funding source.
Requisite data and supporting documentation often resides in multiple locations and formats, subject to data integrity risks. Compiling, classifying, and submitting these claims can be labor-intensive.
There are important considerations and differences when thinking about which funding mechanisms entities should engage, like where allowable funding expenses may overlap.

 

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Schedule a demo with us to learn more

Jack Walker
Principal

Deloitte Transactions and Business Analytics LLP
+1 312 486 3149
Don Fancher
Principal

Deloitte Financial Advisory Services LLP
+1 404 220 1204
Jeff Griffiths
Principal

Deloitte Transactions and Business Analytics LLP
+1 312 486 9434
Kirk Petrie
Managing director

Deloitte Transactions and Business Analytics LLP
+1 571 882 8862
Mohamad Said
Senior manager

Deloitte Transactions and Business Analytics LLP
+1 212 436 6489
Ben Solomon
Senior manager

Deloitte Financial Advisory Services LLP
+1 312 486 3482

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