Cash Application

Every deposit

lands where it belongs.

All cash deposits matched and applied automatically. Your team closes books — not chases down what each dollar was for.

Trusted by the industry's

leading insurance and accounting teams

Why Cash Application

Purpose-built to eliminate unapplied cash balances, accelerate month-end close, and give your team a view of every dollar that came in.
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Stop spending days on month-end close

Manual reconciliation processes take significant resources. With automatic cash deposit tracking, matching, and receipt creation, you close your books more quickly with less work.

Resolve exceptions without forensics

Deposits that demand your attention surface in a clean exception queue, with suggested matches ranked by confidence. Your team accepts or overrides, and exceptions don't become backlogs.

Recognize revenue faster

Unapplied cash sitting in suspense isn't just a reconciliation problem — it's revenue you can't recognize. When every deposit is applied in real time, AR closes accurately and revenue posts on schedule.

Keep your books clean

Unattributed deposits create compliance exposure. Ascend categorizes every incoming deposit, so your records are current, and nothing needs explaining at month-end.

Cash Application by the Numbers

Annual premium processed
0
across agencies, wholesalers, and MGAs
Reduction in unapplied cash
0
deposits auto-applied at month-end
Faster month-end close
0
manual cash reconciliation eliminated
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What Cash Applicationdoes for you

Every deposit is categorized as it arrives — no logging into bank portals or downloading statements. Corresponding line items are created in your AMS.

Four capabilities that compound into faster closes, cleaner books, and a reconciliation process your team can trust.

PLATFORM FOUNDATION

Built to handle

cash at scale

The platform capabilities that make Cash Application accurate, compliant, and consistent — across every deposit type and AR category.
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AMS & GL Integrations
Cash receipts created and applied directly in Applied Epic. Client payments, carrier commissions, return premiums, and premium finance remittances posted to the right line.
Compliance & Security
Maintain SOX 404 compliance with a complete audit trail on every deposit, match decision, and posting event. Financial controls operate constantly — not only at month-end.
Native Collaboration
Unmatched deposits are surfaced and exceptions are resolved as a team, without leaving Ascend. Every decision logged with timestamp and user, so the audit trail is always complete.
Bank Connectivity
Any bank account can be connected to track and attribute incoming deposits. Discrepancies are identified before they turn into reconciliation problems.

We’ve cut our monthly balance of unapplied cash by more than half, and the time it takes to reconcile cash down from 8 days to 3 — processing over 2,400 statements a month.

Ed Sheppard
Continuous Improvement
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The Baldwin Group’s seamless two-month transition for direct bill processing
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How Symphony Risk Solutions unified direct bill processing across AMS360 and BenefitPoint
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Henderson Brothers is modernizing direct bill reconciliation
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Frequently asked questions

What accounting leaders

ask about Cash Application

01

All incoming deposits — from clients, carriers, and premium financing companies — are categorized and posted automatically, with the correct line items created in Applied Epic. Miscellaneous deposits are flagged for your team to review.

02
03
04

Explore theAscend product suite

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Premium Financing & Payments
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Finance and collect premiums in a single, seamless workflow.
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Carrier Payables
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Reconcile and disburse carrier payables without manual tracking or spreadsheet workarounds.
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Direct Bill Automation
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Close books faster with end-to-end automation to fetch, reconcile, and post commission statements.
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See what Ascend

can do for you

Book a tailored demo using your AMS, deposit volume, and AR mix. We'll show you how Cash Application handles your reconciliation workflows — and how it connects to the rest of your financial operations.
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