Functional Finance’s Post

Sharing great insights (I know, I may be a bit biased 😉) on the insurance industry's challenges when optimising all reconciliations activities. 👉 The fact is, whatever industry you are in, a lack of speed, accuracy and efficiency in managing your account receivables and account payables can become an absolute nightmare not only for your cashflow management but crucially and ultimately for your clients’ experience. ⏱ Please take 5 minutes to have a read through even if you are not in Insurance. You will realise how this applies in your own organisation. 📩 DM me or comment on my post if you would like me to send you our latest free quick guide highlighting the Best Practices To Master Reconciliations, including what to look out for when selecting the best solutions. 🆘 And, of course, share with anyone you believe this could help!

The money will allow the business to grow its footprints in the financial inclusion and insurance ecosystems by utilizing technology. BimaPay, founded by Hanut Mehta, Mohit Gupta, and Mufin Green Finance Group’s managing director, Kapil Garg, supports digital financing with a real-time procedure, catering to numerous use cases targeted at improving accessibility and affordability in the insurance business. . To read more info check out this link: https://buff.ly/3WHiGbQ . . Follow us for more information: Business Outreach . . #BusinessOutreachmagazine #BusinessOutreach #business #grow #financial #insurance #technology

⚙️ From vision to reality: Follow our six key steps towards a digital finance transformation. @BCGPlatinion’s latest article outlines a comprehensive approach from identifying your Finance Tech North Star to continuous improvement. #CFO #DigitalTransformation #Insurance

A recent Business Insurance article showed 490 U.S. brokerage M&As in early 2024, reflecting a continuing appetite for growth via acquisition. As a result of this, there is a heightened need for strategies to maximize operational efficiency. By automating back-office tasks, like financial operations, agencies can shift their focus from administrative workloads to core business priorities--client relationships and strategic account growth. With the M&A market's strength, automation tools aren't just nice-to-have—they're critical in building an efficient, scalable, and client-focused agency network. https://lnkd.in/gKxgusWr #insurance #insurtech

Munich Re Ventures sees what we are building at Functional Finance. If you are heading to ITC24 in 2 weeks and need better insight into your insurance FinOps data, connect with Rashmi Melgiri, Joe Russo, or Hal Schwartz. We can show you how Functional Finance is removing spreadsheets hand tracking from all parts of the insurance payments workflows.

While deal volumes in the private equity industry fell in 2023, the insurance sector saw a 35% increase in private investments at the same time. Amidst this popularity, operational value creation is key to generate outsized returns within Insurance. One of these key focus areas is Human Capital : the ability to acquire and retain talent is a strong competitive advantage in a sector where wisdom of experience and client relationships are critical. We encourage you to read the article below for further details or reach out to us if you wish to invest in the space. #privateequity #privatemarkets #assetmanagement #insurance #underwriters #dealflows #alternativeassets

Insurtech UK Launches New Advisory Panel to Strengthen UK Insurtech Sector Read more: https://lnkd.in/d68vpeVt #InsurtechUK #AdvisoryPanel #InsurtechSector #Finance #Fintech #FinancialIT

AKUR8 Secures $120 Million in Series C Round to Accelerate Growth of Its Next-Generation Actuarial Platform Read more: https://lnkd.in/dwzxMFP7 #Akur8 #SeriesCRound #ActuarialPlatform #FintechFunding #InsuranceTech #BusinessGrowth #FinancialTechnology #InvestmentRound #finance #fintech #FinancialIT Brune de Linares (Garnier), Samuel Falmagne

Insurance M&A Heats Up + Digital Payments Revolution Coming? Big changes are brewing in the insurance world, from mergers and acquisitions to the rise of digital payments. Here's what you need to know this week: ILS manager M&A is surging, indicating strong investor confidence in the market. What does this mean for financial institutions seeking coverage? The insurance industry is lagging behind in digital payments, but that could be about to change. Will embedded payments revolutionize the way we buy insurance? Small businesses are getting squeezed by skyrocketing insurance premiums. What can financial institutions do to help their clients navigate this challenging environment? Want the full story? Like this post and comment "Insights" to receive our weekly 5-minute newsletter. We break down the latest insurance trends and what they mean for you. Stay informed and stay protected! #staycovered Natasha I. Kiemnec, ARM Mark Flippen

Hey property managers and real estate owners! 👋 Let's talk about the elephant in the room—Certificate of Insurance (COI) tracking. We know it's not the most exciting part of your job, but it's crucial for protecting your assets. The problem? Most property management software just doesn't cut it when it comes to specialized COI tracking. That's where bcs comes in. We've created a solution that: ---Integrates seamlessly with Yardi, MRI, and other top property management platforms ---Uses AI to automate certificate processing (bye-bye, manual data entry!) ---Offers customizable compliance rules tailored to YOUR portfolio Visit our website to try our free COI tracking software or schedule a demo. Let's make COI tracking a breeze, together! 💨🏢 #PropTechInnovation #RealEstateCompliance #AIinRealEstate