Ascend Partners with borrowedtyme for Payment Automation
Ascend, a prominent provider of financial operations automation software tailored for the insurance industry, is thrilled to announce its partnership with btcore by borrowedtyme. This collaboration aims to enhance payment processing automation for insurance professionals, revolutionizing how they manage financial operations.
Understanding the Benefits of the Partnership
The btcore system delivers a unified platform that integrates client relationships, profiles, policies, claims, billing, and financial accounting data into a single solution. This integration empowers sales and service teams to offer personalized recommendations and foster stronger client relationships. By partnering with Ascend, btcore agencies gain access to a broader range of payment processing options, allowing them to serve clients more effectively.
Mission of borrowedtyme
"The goal of borrowedtyme is to collaborate with independent agents, brokers, and carriers to optimize technology that enhances the insurance distribution process for policyholders," stated Kevin Rall, Co-Founder of borrowedtyme. He emphasized that the integration with payment processing services like Ascend aligns perfectly with their mission, significantly enriching the experience for clients managing agency bill payments.
How Ascend Enhances Profitability
Ascend boosts the profitability of insurance agencies by driving revenue growth while simultaneously cutting operational costs. Through AI-powered automation, it streamlines administrative tasks, provides valuable financial insights, and enhances treasury management. By removing low-value, repetitive back-office work, Ascend allows agencies to concentrate on growth and nurturing client relationships.
Unified Platform Advantages
"We are excited to partner with borrowedtyme to deliver insurance agents a streamlined platform that simplifies their operations and improves customer experiences," remarked Andrew Wynn, Co-CEO of Ascend. The integration with btcore empowers agents to optimize their workflow, minimize administrative burdens, and prioritize delivering value to their clients effectively.
About Ascend
Ascend serves as a comprehensive accounting automation platform that covers the entire insurance payment lifecycle, including collection, accounting, reconciliation, and disbursement. Businesses leveraging Ascend benefit from heightened operational efficiencies, improved treasury management, and better customer experiences, ultimately resulting in increased profitability.
About borrowedtyme
borrowedtyme harnesses the innovative potential of independent insurance agents and brokerages, delivering core operational capabilities using advanced platforms like Salesforce and AWS.
Innovative Developments in 2023
In recent developments, borrowedtyme unveiled btcore, a comprehensive agency management solution designed for P&C and employee benefit capabilities on the Salesforce Financial Services Cloud. The btcore system equips agencies and brokers to manage their entire operations seamlessly, consolidating sales, service, and financial accounting under one roof on the Salesforce platform.
Commitment to Growth and Success
This partnership exemplifies Ascend’s enduring commitment to innovation and excellence in financial technology for the insurance industry. By working closely with independent agents and leveraging cutting-edge solutions, both Ascend and borrowedtyme are set to transform operational efficiency and client satisfaction across the sector.
Frequently Asked Questions
What is the main purpose of the partnership between Ascend and borrowedtyme?
The partnership aims to enhance payment processing automation for insurance agents, providing them with a unified platform for managing financial operations.
How does Ascend benefit insurance agencies?
Ascend increases profitability by driving revenue growth, reducing operational costs, and streamlining administrative tasks through AI-powered automation.
What is btcore?
btcore is a comprehensive agency management system built on Salesforce Financial Services Cloud, designed to unify client relationships and operational capabilities.
Who are the primary collaborators in this initiative?
The initiative is a collaboration between Ascend and borrowedtyme, aimed at revolutionizing payment processing for insurance professionals.
How can businesses learn more about Ascend?
Interested businesses can discover more about Ascend and its services by visiting their official website.
