SAN
FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- Ascend, the
leading financial operations automation platform, has been chosen
by Millennial Specialty Insurance, LLC, an indirect subsidiary
of BRP Group, Inc. (NASDAQ: BRP), dba Founder Shield ("Founder
Shield"), to modernize their agency bill workflows. Ascend will
streamline the invoicing, premium financing, and carrier payables
process for Founder Shield, increasing productivity and efficiency
as well as improving the customer payment experience.
With Ascend's industry-first automation platform, Founder Shield
has a technology partner that is an end-to-end solution for agency
bill premiums that eliminates the labor-intensive burdens
associated with every transaction where premiums are collected by
Founder Shield.
"With Ascend, we're able to maximize the speed and efficiency at
which we run our business," said Carl
Niedbala, Managing Partner of Founder Shield. "We've seen
improvements across the board in terms of customer and team
satisfaction, cash flow, and operational costs."
Ascend is a financial operations automation platform that
streamlines all Accounts Receivable and Accounts Payable-related
tasks in the agency bill workflow. From digital invoicing to
premium financing to carrier payables, Ascend seamlessly handles
all the time-intensive and operationally expensive activities
associated with the movement of premium and commissions through an
agency. This increased efficiency empowers agencies to be more
profitable with this reduction in back-office expenses, all while
providing real-time transparency for agencies to provide the best
in class customer service.
"We're honored to be selected by Founder Shield as their agency
bill operations solution," stated Andrew
Wynn, Co-CEO of Ascend. "It's validation to our team that
companies are seeing real world results when choosing us to
simplify and modernize their agency bill workflows."
About Ascend
Ascend is the industry-leading provider
of financial operations automation software, dedicated to
modernizing the insurance industry's financial infrastructure.
Ascend is the only solution designed to enhance agency management
systems by streamlining the insurance life cycle for agency bill
processes. By eliminating manual back office accounting tasks,
improving cash collection cycles, and providing a best-in-class
customer experience, Ascend significantly increases the
productivity, efficiency, and profitability of agencies and
brokerages. To learn more about how Ascend can transform your
business, please visit www.useascend.com.
About Founder Shield
Founder Shield is a risk
management partner for rapidly evolving, high-growth companies with
a mission to create the most seamless, intuitive, and responsive
experience for purchasing and administering insurance for your
company. For more information on how Founder Shield engineers risk
management, please visit www.foundershield.com.
Contact:
Mike Nguyen
press@useascend.com
Adam Hide
press@foundershield.com
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SOURCE Ascend