Functional Finance

Functional Finance

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Functional Finance

Labs

The Functional Finance evaluation environment

Test-drive Functional Finance before you commit.

Functional Finance runs billing, payments, commissions and payables for insurance. Your finance, operations and development teams can try it in Labs, with no real money.

Try the business toolsGet developer access
Or request a Labs tenant for your team

Business tools need no account. Developer access takes a business email and a one-time code.

Aging receivables by policy

Sample data

PolicyOutstandingCurrent1-3031-6061-9091-120120+
HO-10421,240031031062000
GL-03184,8751,6253,2500000
HO-09779620000481481
Your Labs tenant can run this report and download the CSV.

Sandbox

Request

curl https://api.labs.functionalfi.com/payments/v3/payment-intents \
  -H "Authorization: Bearer $FF_TOKEN" \
  -H "Idempotency-Key: $(uuidgen)" \
  -H "Content-Type: application/json" \
  -d '{"amount": 4999, "currency_code": "USD"}'

Response · 201 Created

{
  "payment_intent_id": "paymentintent_5XFPHM5QMSX9FXPJNW6XBT9RZ4",
  "payment_intent_status": "requires_payment_method",
  "amount": 4999,
  "currency_code": "USD",
  "capture_method": "automatic"
}
From the Accept a one-time payment quickstart: create a payment intent in the sandbox.
US MGA premium growth in 2025, more than double the P&C market
12%
Of business payments are still made by paper check
26%
Median cost to issue one paper check, versus under 50 cents by ACH
$2 to $4
Of back-office work comes from the 20% of transactions that go off script
80%

Sources: Conning, Managing General Agents study (July 2026). AFP 2025 Digital Payments Survey. AFP 2022 Payments Cost Benchmarking Survey, reported by Nacha. Functional Finance interviews with insurance operators.

Platform Map

See the whole platform on one map

25 building blocks in six lanes: how you connect, how money comes in, how accounts are serviced, how money goes out, and the treasury and ledger that record every movement.

Explore the Platform Map
See the partner programs behind these blocks

Find your starting point

What brings you to Labs?

Your company

You run an insurance business

MGA, carrier or premium finance company. See how your book would run on Functional Finance before you sign: billing, collections, commissions and payouts.

See the Living Book

You build insurance software

Your policy administration, agency management or ERP platform could offer Functional Finance to your customers. Prove the integration on a Labs tenant first.

Request a Labs tenant

You integrate systems for clients

Build against the real API with the docs, runnable flows and code samples. Then test your work on a Labs tenant.

Get developer access

Your role

You lead finance

See your fiduciary position: premium collected, what you owe your markets, and what you keep. Estimate what your program costs to run in the MGA Modeler.

Open the MGA Modeler

You close the books

Tie out receivables for any period, invoice by invoice. Run 33 finance reports, including aging, AR roll-forward, commission positions, carrier payables and refunds, each as a CSV.

Play a year of your books in the MGA Simulator

You run billing, collections or commissions

Work past-due invoices, cancellations, refunds and commission payouts in the tenant portal, the way you would in production. The call desk has runbooks for billing calls.

Request a Labs tenant

You build the integration

Call the same API the portals call, run flows step by step against the sandbox, and test your work on a Labs tenant.

Get developer access

Partner programs

Plug into the money side of insurance

Functional Finance runs billing, payments, reconciliation and payouts for MGAs, carriers, agencies and premium finance companies. Six partner programs let you serve them through the work you already do.

  • Insurance payment volume

    Card and ACH payments and premium deposits from insurance programs, routed to your rail or bank. We build the connection to your API.

  • Offers at checkout

    Premium finance offers appear beside the policy quote, where insureds decide how to pay.

  • One connector, every client

    A PAS or AMS plug-in serves every client on that system, and channel partners run all their clients from one portal.

Explore the partner programsTalk to our partnerships team

What is in Labs

What you can use in Labs.

The same platform and portals our clients use. Payments are simulated.

A Labs tenant

Your company's own account in Labs, with your products, carriers and partners. Our team sets it up with the tenant, partner and insured portals. Every payment is simulated.

Request a Labs tenant

Business tools

Estimate what your program costs to run, and play a year of your billing and money. No account needed.

Try the business tools

The developer portal

API reference, quickstarts, guides, runnable flows and code samples. Your integration calls the same API the portals call.

About the developer portal

The Living Book

Run your book of business before you go live.

Tell Labs what you sell and who buys it. The Living Book writes new business on your Labs tenant every day. Insureds pay, pay late, change and cancel, and Functional Finance bills, collects, credits and refunds as it would in production. Then the Living Book checks the results.

  1. 01

    Define

    Your published products and their versions, from your tenant portal.

  2. 02

    Describe

    Who buys: how they pay, and how often they pay late, default, cancel or change the policy.

  3. 03

    Mix

    How much business each product writes a day, and how that changes over time.

  4. 04

    Verify

    Each result checked against the platform's records and its receivables reports, with links to the portals.

One policy on a 30-day product

Day 0

Policy bound

Day 9

Autopay declines

Day 11

Paid by checkout

Day 14

Endorsement

Day 30

Term ends

  1. Day 0

    Policy bound

  2. Day 9

    Autopay declines

  3. Day 11

    Paid by checkout

  4. Day 14

    Endorsement

  5. Day 30

    Term ends

Illustration. The Living Book plants new policies every day, so after one full term every step happens somewhere in the book every day.

Ask it what-if

  • What if late payers rise after month three?

  • What if we publish a new product version next quarter?

  • What if more new insureds pay by ACH instead of card?

  • What if we write more new business next month?

  • What if more policies cancel mid-term?

See the Living Book

In your Labs tenant

Run your back office the way you would in production.

Receivables and collections

Open, due now, past due and upcoming invoices, with credit memos and write-offs.

Commissions and payables

What each distribution partner earned and what you still owe. Clawbacks show when an endorsement reduces premium.

Treasury

Premium collected, what you owe your markets, and what you keep, with market remittance and a financial records export.

Finance reports

33 reports, including aging and AR roll-forward. Run them on demand or on a schedule, and download the CSV.

Our team sets up your Labs tenant. Tell us which screens and reports your team wants to evaluate.

Request a Labs tenant

In the developer portal

Try the API before you build on it.

API reference

Hand-written pages with parameters, response shapes and runnable code samples. Every endpoint is in the OpenAPI 3.1 spec.

Runnable flows

Insurance operations modelled end to end. Run a flow step by step against the sandbox and see each request and response.

Finance reports

Run each report against your sandbox tenant and download the CSV your integration will read.

Works with your AI tools

An MCP server, llms.txt, Markdown copies of the reference pages, and starters for Claude Projects, Cursor and Replit.

Get developer access

The docs and AI assistant open when you sign up with a business email. Your sandbox follows once Functional Finance approves it.

How an evaluation runs

Two paths, one platform.

For finance and operations

  1. 01

    Try a business tool

    Model your program in minutes, with no account.

  2. 02

    Request a Labs tenant

    Our team sets it up and contacts you.

  3. 03

    Set up your tenant

    Configure your products, carriers and partners in the tenant portal, the way you would in production.

  4. 04

    Run your Living Book

    Plan it with our team, then review the results in the portals and reports.

For developers

  1. 01

    Get developer access

    Sign up with a business email and a one-time code. The docs and AI assistant open when you sign in.

  2. 02

    Get sandbox API keys

    Your own Labs tenant and sandbox API keys are set up once our team approves your sandbox request. Find them on the API keys page.

  3. 03

    Connect and build

    Follow a quickstart and call the API from your own system.

  4. 04

    Test on a Living Book

    Test your integration against a book that ages every day, not an empty tenant.

What to know about Labs

  • Labs is not production. Payments are simulated and no real money moves.
  • Please do not enter real customer data.
  • New releases reach Labs before production, so you see changes early. Urgent fixes can reach production first.
  • Packaged SDKs are coming. Today the portal has code samples in cURL, Node and Python.

For the company, our team and our products, visit functionalfi.comopens in a new tab

Request a Labs tenant.

Tell us about your business and who will evaluate. We will set up your Labs tenant and contact you. Your finance, operations and development teams can all use it.