Save time by automatically turning quote documents into digital invoices

Ascend, the leading financial operations automation platform for insurance businesses, has launched its new Automated Invoicing (AI) feature. This innovative tool is designed to streamline and enhance the invoicing process for insurance agents, enabling them to upload any document into Ascend and use AI to automatically read, process data, and generate digital invoices and payment links with a single click.

Key Features of Automated Invoicing (AI)
Ascend's Automated Invoicing feature is designed to simplify billing and payment tasks, reducing human errors and saving time. Key features include:

1. AI Accuracy
   The AI-driven system ensures that invoices accurately match carrier quote documents, minimizing errors and discrepancies. This precision helps maintain consistency between the invoiced amounts and the carrier's quotes.

2. Time-Saving Efficiency
   By automating the data entry process, Ascend eliminates the need for manual input, allowing employees to focus on more strategic and value-added tasks. This efficiency is particularly beneficial for handling complex and time-consuming billing processes.

3. Multi-Document Support
   Users can upload multiple quote documents or handle single quotes with multiple policies. Ascend's AI automatically splits and organizes the data as needed, making it easy to manage diverse invoicing scenarios within one platform.

Benefits for Insurance Professionals
Ascend's Automated Invoicing feature offers several benefits to insurance professionals:

• Reduction in Billing Time: By automating invoice creation, Ascend significantly reduces the time spent on manual billing tasks.
• Minimization of Human Error: The system ensures that invoices are accurate and align with carrier quotes, reducing the risk of errors.
• Enhanced Focus on Core Tasks: With less time spent on administrative work, insurance professionals can focus on risk management, client relationships, and complex insurance needs.

Quotes from Industry Leaders
"Ascend's Automated Invoicing is a practical application of AI that saves insurance businesses significant time by automating time-consuming administrative work," said Carl Niedbala, National Managing Director - Digital Product Strategy & Innovation of The Baldwin Group. "This empowers insurance professionals to spend time on the uniquely human work of risk management, client relationships, and serving complex insurance needs."

"Many of our partners have asked us to make invoice creation as easy as possible," stated Andrew Wynn, co-founder and CEO of Ascend. "We're now able to make this a reality by using AI to read, categorize, and populate the relevant data across all types of binders and carrier quotes. Ascend's invoice creation is now as easy as one upload, continuing our commitment to building solutions that reduce time spent on manual billing and accounting tasks."

"Automated Invoicing not only saves time spent manually creating invoices, but it also ensures we collect the right amounts from our clients every time by making sure our invoices always match our carrier quotes reducing the chances of human error and providing a best-in-class customer experience," said Bradley Flowers, founder of Portal Insurance.

Ascend's Automated Invoicing feature revolutionizes the invoicing process for insurance businesses, combining AI precision with user-friendly efficiency. By automating document processing and invoice generation, Ascend helps insurance professionals reduce administrative burdens and focus on core business activities, enhancing overall productivity and accuracy.