From premium collected
to carrier paid.
Collect, organize, reconcile and remit premium in one platform that works alongside the systems your team already uses.
Trusted by industry leaders
How it works
One premium flow.
Fewer handoffs.
Premium often moves through the AMS, accounting software, the bank and spreadsheets before it reaches the carrier. Advance connects more of that process in one place.
01
Collect
Bring premium into premium trust accounts provided by OMB Bank, with the details needed to track what came in and what it belongs to.
02
Segregate
Keep premium organized by carrier, program or entity, with clear visibility into where it sits and what's owed against it.
03
Reconcile
Automate routine matching between payments, policies, programs and commissions, so your team spends its time on the exceptions.
04
Remit
Pay carriers, producers and others from the same place you manage funds, without re-keying payments into a separate bank portal.
reconciliation
Automate routine reconciliation. Review the exceptions.
Meet Addie
Helps match payments to the policies, producers and documents behind them
Insurance context built in
Addie can recognize markets and producers already tied to the account, and work with documents like binders and premium finance agreements to reduce manual entry.
wholesaler
Broker
Broker
Broker
Automatic AI Detection
Payments
Send carrier, producer and other payments from the same place you manage funds, and keep each payment connected to the transaction behind it.
INV-150 received on
#
invoice_date
$5,128.12 locked in
#
premium_trust
Funds earning
3.0% APY
while held
AUTO-REMITTANCE
Carrier Payment
$4,358.90
Scheduled · May 18
AUTO-COMMISSION
Agency + Producer
$4,358.90
Scheduled · May 18
Visibility
Configurable views, filters and reconciliation status help your team find the transactions they need, without hunting across screens and spreadsheets.
Real time Balance View
$8.9M
Total available
Premium trust breakdown
1.8x
Trust Ratio
$1.2M
Excess Premium
beyond reconciliation
Do more from the same platform.
Advance is expanding beyond premium reconciliation to support more of the work around your financial operation, without adding another system.
Pay vendors
Add vendors, store their banking details, schedule recurring payouts and send one-time payments from the platform.
Generate producer statements
Create statements for one producer or in bulk, customize fields, add due dates, and send or download them from Advance.
Control operating spend
Issue virtual debit cards tied to the operating account, set limits and expiration dates, and freeze or cancel cards anytime.
Works with your systems
Your AMS stays your AMS.
Advance works alongside your existing systems, so there's no AMS or accounting software to replace. Typical go-live is about one week, depending on your workflow.
Your AMS
Policies, customers, coverage and insurance records stay where they are.
Your accounting system
General ledger, financial reporting and business accounting don't change.
Advance
Premium accounts, money movement, matching, reconciliation and remittance.
Your team
Carrier relationships stay put, and your people still make the judgment calls.
“Advance gave us yield on premium funds we hold in trust that previously generated no return. The platform makes managing our premium trust accounts straightforward while replacing manual work with a structured process and increasing visibility into our funds flow.”
Alex Bargmann
CEO, Pathpoint Insurance
before and after
What changes when you use Advance?
The same premium payment, handled two ways: across disconnected systems, or in one workflow.
Instead of
Find the deposit in the bank
Check the AMS for the policy
Update books and spreadsheets
Research discrepancies
Go back to the bank to pay
Record it in multiple systems
With Advance
See the premium come in
Connect it to the policy
Automate routine matching
Review only the exceptions
Send the payment
Keep it all in one workflow
