Contact Us
We’re here to help, no matter how big or small your question may be. Whether you need quick guidance, detailed information, or just want to clarify something—feel free to reach out.
Contact Us
We’re here to help, no matter how big or small your question may be. Whether you need quick guidance, detailed information, or just want to clarify something—feel free to reach out.
Contact Us
We’re here to help, no matter how big or small your question may be. Whether you need quick guidance, detailed information, or just want to clarify something—feel free to reach out.
Frequently Asked Questions
What is Advance?
Advance is a Financial Technology solution that simplifies payment collection and management for insurance agencies, MGAs, and carriers. We provide low-cost processing and ensure that payments from the insured are stored and held until they are ready to be paid out to carriers, all while offering visibility and control over your financial workflows.
Can Advance help my agency really earn yield on fiduciary accounts?
Yes, Advance offers the unique ability to generate yield on the funds stored in your fiduciary accounts. While these funds are held until they are ready for payout to the carrier, they can earn interest, providing your agency with an additional revenue stream. This yield is automatically managed and contributes to your bottom line without requiring additional effort from your team. It’s a powerful way to maximize the value of the float money that would otherwise remain idle.
How does Advance reduce manual work and operational overhead?
Advance uses cutting-edge banking, financial technologies, and AI-driven automation to drastically reduce manual work and operational overhead for your agency. By automating payment collection, communication with insured parties, and account management, we eliminate time-consuming tasks that typically require manual input. This not only allows your team to focus on higher-value activities but also enables scalability without the need to increase personnel. We handle the complexities of financial operations, improving efficiency and lowering operational costs, so your agency can grow without adding overhead.
How secured is Advance?
Advance follows the highest security standards to ensure your financial data is protected. We are PCI-compliant and maintain robust security practices to safeguard all sensitive information.
Is Advance a bank?
No, Advance is a financial technology company—not a bank. Banking services are provided by our partner, OMB Bank, Member FDIC. Funds are FDIC insured up to $250,000 per depositor, per ownership category, through OMB Bank.
Can Advance work with my carrier?
Yes, Advance is designed to work with both agencies and carriers. We provide full visibility into your payment flows, ensuring that carriers are paid on time and according to their specific schedules.
Frequently Asked Questions
What is Advance?
Advance is a Financial Technology solution that simplifies payment collection and management for insurance agencies, MGAs, and carriers. We provide low-cost processing and ensure that payments from the insured are stored and held until they are ready to be paid out to carriers, all while offering visibility and control over your financial workflows.
Can Advance help my agency really earn yield on fiduciary accounts?
Yes, Advance offers the unique ability to generate yield on the funds stored in your fiduciary accounts. While these funds are held until they are ready for payout to the carrier, they can earn interest, providing your agency with an additional revenue stream. This yield is automatically managed and contributes to your bottom line without requiring additional effort from your team. It’s a powerful way to maximize the value of the float money that would otherwise remain idle.
How does Advance reduce manual work and operational overhead?
Advance uses cutting-edge banking, financial technologies, and AI-driven automation to drastically reduce manual work and operational overhead for your agency. By automating payment collection, communication with insured parties, and account management, we eliminate time-consuming tasks that typically require manual input. This not only allows your team to focus on higher-value activities but also enables scalability without the need to increase personnel. We handle the complexities of financial operations, improving efficiency and lowering operational costs, so your agency can grow without adding overhead.
How secured is Advance?
Advance follows the highest security standards to ensure your financial data is protected. We are PCI-compliant and maintain robust security practices to safeguard all sensitive information.
Is Advance a bank?
No, Advance is a financial technology company—not a bank. Banking services are provided by our partner, OMB Bank, Member FDIC. Funds are FDIC insured up to $250,000 per depositor, per ownership category, through OMB Bank.
Can Advance work with my carrier?
Yes, Advance is designed to work with both agencies and carriers. We provide full visibility into your payment flows, ensuring that carriers are paid on time and according to their specific schedules.
Frequently Asked Questions
What is Advance?
Advance is a Financial Technology solution that simplifies payment collection and management for insurance agencies, MGAs, and carriers. We provide low-cost processing and ensure that payments from the insured are stored and held until they are ready to be paid out to carriers, all while offering visibility and control over your financial workflows.
Can Advance help my agency really earn yield on fiduciary accounts?
Yes, Advance offers the unique ability to generate yield on the funds stored in your fiduciary accounts. While these funds are held until they are ready for payout to the carrier, they can earn interest, providing your agency with an additional revenue stream. This yield is automatically managed and contributes to your bottom line without requiring additional effort from your team. It’s a powerful way to maximize the value of the float money that would otherwise remain idle.
How does Advance reduce manual work and operational overhead?
Advance uses cutting-edge banking, financial technologies, and AI-driven automation to drastically reduce manual work and operational overhead for your agency. By automating payment collection, communication with insured parties, and account management, we eliminate time-consuming tasks that typically require manual input. This not only allows your team to focus on higher-value activities but also enables scalability without the need to increase personnel. We handle the complexities of financial operations, improving efficiency and lowering operational costs, so your agency can grow without adding overhead.
How secured is Advance?
Advance follows the highest security standards to ensure your financial data is protected. We are PCI-compliant and maintain robust security practices to safeguard all sensitive information.
Is Advance a bank?
No, Advance is a financial technology company—not a bank. Banking services are provided by our partner, OMB Bank, Member FDIC. Funds are FDIC insured up to $250,000 per depositor, per ownership category, through OMB Bank.
Can Advance work with my carrier?
Yes, Advance is designed to work with both agencies and carriers. We provide full visibility into your payment flows, ensuring that carriers are paid on time and according to their specific schedules.