Functional Finance Analysis

What is Functional Finance?

Functional Finance is a SaaS platform that automates billing, reconciliation, and money movement for managing general agents (MGAs), wholesalers, and insurers. The platform offers features such as digital invoicing, omnichannel payments, and automated payables, enhancing financial clarity and operational efficiency. It is designed to support the unique financial workflows of the insurance industry.

Product Features & Capabilities

• Automated billing and invoicing
• Real-time data and reporting
• Customizable payment plans
• Partner portal for distribution partners
• Automatic commission statements