Startup Idea: Solution for Enhanced Financial Calculation Conversions in DocsNet

Startup idea to create a tool for a better management of financial calculation conversions in DocsNet, an internal claims case manager tool used at Lincoln Financial Group. The software should be able to handle different units in the calculations - saving time and effort of the claim examiners.

I work at Lincoln Financial Group as a Long Term Disability Claims Examiner. We currently use DocsNet as our internal claims case manager. The program contains all our claimant's information and is suppose to to simple calculations such as monthly benefits with any offsets, deductions, taxes, and etc. Currently the software is unable to calculate the monthly benefits unless all the units are exactly the same. For example, $2000 a month with $100 dollars of tax withheld weekly MUST be converted to $2000 a month with $400 dollars of tax withheld MONTHLY. While the problem may seem trivial, it really adds up when each claims examiner has over 100 claimants daily. Most claims have several deductions, not just one line of tax.

The ideal solution to this problem and would save the company lots of money is if a new tool can be developed that does all the calculation conversions and feed the data to the existing DocsNet. I am sure my company will purchase such a tool as currently lots of time are wasted in conversions.