4 Frequently Asked Questions About Xactimate

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Xactimate Invoicing

Get paid like the big guys, with respect.

Claims Negotiations
& Payment Tracking

It’s like having your own AR department, without the payroll expense.

The team at Net Claims Now provides mitigation invoices in Chicago, IL, that exceed insurance standards, using the Xactimate system. This guide will help you understand what this system is and how it works.

1. What Is Xactimate?

Xactimate is a software system that helps restoration professionals estimate the costs of reconstruction and repairs for residential and small commercial structures.

2. How Does Xactimate Work?

The software allows users to easily and rapidly sketch roof plans, stairs, decks, roof layouts and other home features. Users can use a drag and drop menu to specify the materials and other line items. The software then uses the sketch to determine the amount of material and labor needed to construct floors, walls, roofs and footings. Users, such as Net Claims Now, can generate estimates in just a few clicks and edit specifications as needed.

3. What Are the Features of the Software?

The software provides accurate and timely pricing from databases in the United States and Canada. It includes structural repair and cleaning price lists for 460 different economic areas and updates them at least once every quarter.

The program provides the labor costs, labor burden and overhead, labor productivity rates, equipment costs and material costs for each line item. It also includes unit costs unique to insurance repairs, such as water extraction, mold remediation and hazardous cleanup.

4. Who Uses the System?

The system is used for estimating and invoicing for about half the property claims in the United States and Canada. Over 80% of insurance service providers and repair contractors that use computerized estimating systems use the system's pricing data.

The Net Claims Now invoicing system helps restoration companies eliminate frustrations with a streamlined billing system that helps maximize opportunities without jeopardizing cash flow. This system can help your company cut costs, speed up payment and present a more professional image.

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