Ascend provides cloud-based AP automation and touchless processing solutions for enterprises.
Location
Palo Alto, CA, US
Founded
2021
Founded with the mission to streamline financial operations in the insurance industry, Ascend offers a comprehensive cloud-based solution that unifies billing, payments, and accounting tasks. Their flagship product, ElevateAP, integrates seamlessly with Workday Financial Management to provide touchless processing powered by a Dynamic Prediction Engine. Ascend aims to enhance revenue, margins, and customer experience for medium and large enterprises by automating accounts payable (AP) processes and improving overall financial performance.
Notable investors and affiliated people include key figures from the fintech and insurtech sectors, contributing to Ascend's rapid growth and innovation. The company has achieved significant milestones such as improving operational efficiency by 25%, reducing cancellations by 80%, and increasing the number of appointed agents. Ascend's impact is evident in its ability to modernize payment experiences, enhance security measures, and reduce administrative expenses, positioning it as a leader in financial automation solutions for the insurance industry.
Ascend - Classification
NAICS
520000Finance and Insurance
522000Credit Intermediation and Related Activities
522300Activities Related to Credit Intermediation
522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
8700Engineering, Accounting, Research, Management, And Related Services
8740Management And Public Relations Services
8742Management Consulting Services
Show 4 more industry codes
SIC
6000Depository Institutions
6200Security And Commodity Brokers, Dealers, Exchanges, And Services
6280Services Allied With The Exchange Of Securities Or Commodities
