What:
NEXT Insurance has launched NEXT Connect for Intuit QuickBooks, an embedded insurance solution that provides customers with access to digital-first insurance products within the QuickBooks ecosystem.
Why:
Small businesses are facing tremendous challenges with rising inflation and a looming recession impacting business operations. With the NEXT Connect offering, small businesses using QuickBooks for tax or payroll can save time and money by bundling their insurance policies and enjoy peace of mind.
How:
- Small businesses and accountants can obtain insurance quotes and bind coverage without leaving their QuickBooks account.
- Additionally, users can benefit from NEXT’s pay-as-you-go offering for workers’ compensation, consult with an insurance advisor as well as access multiple carrier products.
- It allows users to pay for their insurance “as they go” versus all up front, preserving cash flow and reducing the likelihood of year-end audits.
- This embedded solution also enables small businesses to quickly set up a plan that handles payments, streamlines cash flow, and ensures they only pay for the coverage they need.
- It uses Stripe Financial Connections to link to a customer’s bank account and automatically handles payments on an ongoing basis.
- Customers can even set up billing and have it run automatically along with their payroll.