As a part of the settlement, NFP will deploy the Ascend billing expertise platform to supply its insurance coverage shoppers and automatic, all-in-one answer to monetary collections and payables.
By leveraging Ascend expertise within the insurance coverage distribution channel, NFP receives entry to an answer that eliminates the hurdles related to premium assortment, premium monetary and service payables.
Moreover, Ascend is a monetary operations automation platform that streamlines all account receivables and payables associated duties within the workflow. The agency handles components of the method that take money and time and offers real-time transparency into the cost workflow and permits corporations to be extra worthwhile.
“Our engagement with NFP is a big step in direction of attaining our objective of modernising the monetary infrastructure of the insurance coverage trade,” acknowledged Andrew Wynn, co-CEO of Ascend. “We’re dedicated to delivering a best-in-class expertise to NFP and their shoppers by enhancing the pace and effectivity for managing their accounting and funds workflows.”
“NFP’s deployment of Ascend’s all-in-one funds answer throughout the NFP ecosystem will assist streamline the insurance coverage life cycle billing and funds course of and improve our shoppers’ expertise,” stated Dan Salomon, M&A integration administration, NFP.
Tech group up
Just lately, options agency Fatbrain AI has introduced a brand new distribution settlement with Appulate for its IntellAgent Advisor AI Gross sales Enablement service.
FatBrain AI’s distribution associate Appulate offers software program that digitises insurance coverage transactions throughout company brokers distribution/MGA and service methods over 18 years.
Moreover, it reaches almost 300,000 customers at 35,000 companies, linked with 150 carriers. Additionally it permits 240,000 insurance coverage requests per yr with over $3bn in premiums per yr.
FatBrain AI launched its newest product IntellAgent Advisor, a gross sales enablement device for brokers. The answer aligns and enhances the underwriting information, the agent-client expertise and FatBrain’s current innovation ecosystem.
