US based Ascend has today released their 2022 Premium Financing Report, which takes a look into the premium financing market, the underlying trends, and future growth opportunities.
Ascend allows agencies to easily automate many of the workflows associated with agency bill and premium financing to increase team efficiency, improve your bottom line, and best set up agencies for future revenue opportunities. With Ascend, customers are able to automate many
of the repetitive and time intensive tasks across invoicing, financing, receivables and payables.
Over the last year, Ascend says that it has seen agencies make up to 45% more in revenue with the saved time previously spent managing financing workflows. Ascend’s Premium Financing Report 2022 was conducted through research analysis and direct feedback from Ascend customers. The report revealed 4 major trends/findings which reiterate the strong growth trends of the commercial markets and act as a strong tailwind for the premium financing market.
“In today’s economic situation as economies battle inflation and slowing growth, premium financing moves into the forefront as businesses place an extra emphasis on cash flow and liquidity to weather these conditions,” says Praveen Chekuri, Co-Founder & Co-CEO of Ascend.
Ascend is focused on providing agencies the insights needed to identify trends in the market to open up future revenue opportunities.”
To learn more about Ascend and see the full report, please download it at; https://info.useascend.com/premium-financing-report-2022.