Ascend, the leading platform for the automation of financial operations, has announced a partnership with NFP, a prominent property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor. The agreement entails NFP implementing Ascend’s billing technology platform to offer its insurance clients an automated solution for financing, collections, and accounts payable.
“Our commitment to NFP is a significant step toward achieving our goal of modernizing the insurance industry’s financial infrastructure,” stated Andrew Wynn, Ascend Co-CEO. He emphasized their dedication to providing a best-in-class experience by improving speed and efficiency in managing accounting and payment workflows for NFP and its clients.
By leveraging Ascend’s technology designed specifically for the insurance distribution channel, NFP gains access to a comprehensive solution that eliminates labor-intensive tasks related to premium collection, premium financing, and operator accounts payable. This implementation will streamline the insurance lifecycle billing and payment process while enhancing customer experience.
Ascend is a financial operations automation platform that simplifies all accounts receivable and payable tasks in the agency billing workflow. It handles time-consuming activities associated with moving premiums and commissions through an agency such as collections, premium financing, and operator accounts payable. The platform offers real-time transparency into payment workflows while enabling insurance organizations to increase profitability.
About Ascend:
Ascend is the industry’s leading provider of financial trading automation software focused on modernizing the financial infrastructure of the insurance industry. Its solution optimizes agency management systems by streamlining agency billing processes within the insurance lifecycle. By eliminating manual administrative accounting tasks, improving cash collection cycles, and delivering exceptional customer experiences, Ascend significantly enhances agency productivity, efficiency, and profitability. To learn more about how Ascend can transform your business visit www.useascend.com.
About NFP:
NFP is a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor that empowers client success through its expertise provided by over 8,000 global employees, investments in innovative technologies, and relationships with highly qualified insurers, providers, and financiers. NFP ranks as the 9th best place to work for large employers in insurance, the 7th largest private broker, the 5th largest benefits broker by global revenue, and the 13th largest US business broker according to Business Insurance rankings.
Based on the report ( this partnership between Ascend and NFP aims to revolutionize financial operations within the insurance industry. By implementing Ascend’s fintech platform, NFP will enhance its capabilities in managing billing processes while offering a seamless experience to its clients. This collaboration is expected to streamline operations and improve Startlingly efficiency within the insurance sector.
