Functional Finance Technologies, LLC

Description of Product or Services you would like to promote in the Association:

Functional Finance offers a billing and back office reconciliation platform for MGAs and
program administrators to fully automate the money movement and AR/AP financial
operations. We provide real time visibility at a policy level basis via a fully configurable
platform built to accommodate any operating model, and include integrated payment
processing and premium financing to enable real time reconciliation as money flows
through the operation.

How does your product or service specifically target/benefit Program Administrators:

Our platform is built to sit as a technology layer connecting the policy administration
system and general ledger of a program administrator. With the Functional
Finance platform, MGAs and program administrators can scale their business without
having to manually reconcile policies, a task that would require increased headcount as
operations scale. With our platform, MGAs and program administrators can offer
distribution partners (e.g., agencies, wholesalers) and capacity providers real time data
visibility at an account and policy level basis to vastly improve service response time,
dramatically reduce service calls, and free up time to focus on revenue generating
activities.

What differentiates your product from others in the marketplace?

We offer a fully configurable platform that includes integrated payment processing and premium
financing, all built to connect via modern API and specifically designed to sit as the tech layer
between the policy administration system and the general ledger/accounting system.