Ascend is a finance automation platform designed for insurance retailers, brokers, MGAs, and carriers, utilizing administrative process automation and treasury management to enhance operational efficiency. By providing accurate revenue recognition and reducing back-office expenses, Ascend helps insurance businesses increase profitability and streamline financial operations.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Insurance retailers, brokers, MGAs, and carriers face operational inefficiencies due to manual administrative processes and disjointed treasury management. Inaccurate revenue recognition and high back-office expenses hinder profitability and growth.
Solution
Ascend provides a finance automation platform tailored for the insurance industry, streamlining financial operations and enhancing operational efficiency. The platform automates administrative tasks, such as premium reconciliation and commission management, while offering integrated treasury management tools. By automating revenue recognition and consolidating financial workflows, Ascend reduces back-office expenses and improves accuracy. This enables insurance businesses to increase profitability, accelerate growth, and provide a modern payment experience for customers.
Target Audience
Ascend targets insurance retailers, brokers, MGAs, and carriers seeking to improve financial operations, reduce administrative costs, and enhance profitability.
Features
- Automated premium reconciliation to ensure accurate revenue recognition
- Streamlined commission management for efficient payouts
- Integrated treasury management tools for improved cash flow visibility
- Consolidated financial workflows to reduce manual administrative tasks
- Enhanced security measures to protect sensitive payment information and reduce fraud risk
- Integration with existing insurance technology systems