Case Study: Modernizing wholesaler payments with Pathpoint

Pathpoint, a wholesaler for small commercial E&S coverage, partnered with Ascend to launch PathPay - an industry-first ability for wholesalers to offer retail agents the option to use agency bill or a true direct bill experience, while reducing the back office resources spent on accounts payables and receivables.

Highlights

  • Increase in appointed agents by offering an admitted payment experience for non-admitted markets
  • Decrease of 10+ hrs/week spent on billing and accounting
  • Decrease in default risk with direct bill - allowing for policies to be bound only when payments clear

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