Just released: How to raise venture capital in 2023


Ascend Selected by Founder Shield to Automate Financial Operations Process to Improve Customer Experience, Broker Efficiency


Key Takeaways

Adam Hide
Adam Hide

EVP, Marketing

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.

Related Articles

FS Baldwin Announcment
May 10 • Announcements

BRP To Become The Baldwin Group

New Brand to Unify Retail Brokerage Operations Under a Single Brand and to Reflect Firm’s Transformation, Growth and Integration

FS Tech Announcement
March 27 • Announcements

Tech Release: Collaborate, Smart Recommendations, & More!

Insurance applications are often too long and complicated — even with technology. Here’s what we did to make ours more streamlined and client-focused.

Sourecepass PR2
January 11 • Announcements

Sourcepass and Founder Shield Announce Strategic Alliance

PR Newswire Expands the Sourcepass and Founder Shield portfolios to provide best-in-breed technology solutions backed by competitive insurance products NEW YORK, Jan. 11, 2023 /PRNewswire/ — Sourcepass, an innovative digital IT Services and Security Provider, has joined forces with Founder Shield, a tech-enabled, digital insurance platform to provide a marketplace for clients to access a broad range of

Parametrix Press Release
December 7 • Announcements

Parametrix Insurance and Founder Shield Announce Collaboration to Help Protect Cloud Dependent Businesses from the Cost of Cloud Downtime

Parametrix Insurance and Founder Shield, today announced that Founder Shield will be marketing and selling cloud downtime insurance to their clients and prospects to help protect them from the risk of cloud outages.

Social Post Vibranium 01
July 23 • Announcements


TAMPA, Fla., July 23, 2021 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions, today announced that Millennial Specialty Insurance, LLC (“MSI,” also known as BRP Group’s “MGA of the Future”), an indirect subsidiary of BRP Group, has entered into a definitive