M3 Insurance, a US-based insurance broker and risk management firm, has selected SimplePin to overhaul and modernise its finance and accounting functions.
Through this collaboration, M3 plans to automate its insurance receivables across multiple payment channels, cutting down on manual processes while boosting processing speed, data accuracy, and organisation-wide visibility into financial performance.
With insurance brokerages dealing with higher transaction volumes, increasingly complex payment pathways, and mounting operational pressures, finance departments are being pushed to work faster without losing control or precision.
SimplePin’s platform tackles these demands by automating the capture, posting, and reconciliation of insurance payments—removing manual touchpoints and delivering real-time visibility into cash flow and payment exceptions.
SimplePin CEO Metod Topolnik said: “Finance and accounting teams should not have to rely on manual processes to keep up with today’s payment complexity.
“M3’s approach to modernisation and partnership reflects where the industry is heading, and we’re proud to support their team with technology that improves efficiency, visibility, and the experience for everyone involved.”
SimplePin’s platform is built to plug into complex insurance ecosystems, enabling organisations to remove reconciliation chokepoints and transition from legacy, manual workflows to automated, scalable processes.
M3 Insurance finance senior director Jamin Friedl said: “When we evaluated SimplePin, a big part of our decision-making process was what would be best for our clients.
“SimplePin helps us reduce manual work behind the scenes while improving the payment experience for clients, carriers, and partners. It’s a meaningful step forward as we modernise operations and keep pace with where the industry is headed.
“We’re not looking for a traditional vendor relationship. We value partners we can collaborate with as the industry changes and new needs emerge. SimplePin stood out as a team that understands insurance operations and is aligned with the way we want to evolve.”
“M3 Insurance selects SimplePin to modernise operations” was originally created and published by Life Insurance International, a GlobalData owned brand.
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