Standardize premium operations across entities and offices.
Different entities and acquired businesses bring different accounts, systems and ways of handling premium. Advance helps finance teams organize premium accounts, reconcile records and manage carrier payments across the organization, with visibility into the entity and carrier detail behind the work.
Trusted by industry leaders
the problem
Separate processes make it harder to see where premium stands
One office may track premium in spreadsheets. Another may use a different accounting system or account structure. An acquired business brings its own carrier relationships, reporting practices and payment workflows.
Finance teams have to establish:
What's been collected
What's reconciled
What's due to carriers
The result
That work slows reporting and makes discrepancies harder to investigate. As the organization grows, each additional process gives accounting teams another set of records to reconcile and finance leadership another gap to resolve.
Why advance
Spend less time assembling answers
Finance teams can reduce the manual work required to bring together information from separate accounts and spreadsheets.
Focus on reconciliation exceptions
Addie, Advance's AI technology, supports routine premium, commission and carrier statement matching and identifies discrepancies for review.
More consistent records
Accounting teams can use more consistent records to investigate discrepancies and document premium movement and payments.
A clearer view for leadership
Leadership gets a clearer basis for reviewing premium activity across entities and carrier relationships.
More capacity as volume grows
As transaction volume grows, less repetitive work gives existing teams more capacity to support the business.
How it works
Connect account structure, reconciliation and carrier payments
01
Organize premium accounts
Structure premium accounts around entities, programs and carrier relationships so teams can track funds against the obligations they manage.
02
Reconcile premium records
Match premium, commission and carrier statement information, with discrepancies surfaced for finance teams to review.
03
Manage carrier payments
Handle carrier payments through Advance as part of the premium workflow, keeping reconciliation and remittance records closer together.
04
Review activity across the organization
Give finance leadership a broader view of premium activity while retaining the entity, program and carrier detail accounting teams need.
customer stories
How insurance businesses have connected premium workflows
Carma and Pathpoint
Carma Insurance, an MGA, replaced five separate tools with Advance and gained visibility into premium movement by policy and account.
Pathpoint began with funds from a single carrier before expanding its use of Advance. It established separate carrier accounts and managed carrier payables while keeping its existing AMS and core workflows.
Plan implementation around your existing environment
You've already invested in AMS platforms, accounting systems and internal finance processes. Evaluating Advance starts with how those systems support your premium operation today.
security & trust
Give finance and technology teams the detail they need.
Advance is SOC 2 Type II audited. Deposit accounts are provided through OMB Bank, Member FDIC. Review the sponsor-bank structure, account setup, security controls and implementation requirements as part of your evaluation.
Bank-sponsored program
Banking services are provided by OMB Bank, Member FDIC. Advance is a financial technology company, not a bank.
SOC 2 Type II audited
Advance is SOC 2 Type II audited, with security controls reviewed as part of that process.
Works alongside your systems
Advance works alongside your existing systems rather than requiring a full technology replacement.
