#None #Digital Transformation #Andesa Services #M Financial Group

Andesa and M Financial Group Collaborate on Digital Transformation

In a significant move to enhance operational efficiency, Andesa Services, Inc., a top provider of tech solutions for the life insurance and annuity industry, has entered into a pivotal agreement with M Financial Group. This partnership primarily aims at revolutionizing legacy systems and optimizing processes for the company’s in-force SERP (Supplemental Executive Retirement Plan), DBO (Deferred Benefit Option), and split-dollar plans.

The Need for Transformation

M Financial Group, widely recognized in the financial services and distribution arena, initiated this collaboration to intelligently address existing reporting discrepancies, introduce robust automation processes, and amplify its compliance infrastructures across various product portfolios. Key stakeholders recognized the necessity of modernizing operational functionalities to not only improve efficiency but also to cater to the evolving demands of clients and regulatory bodies.

Through Andesa's Plan Administration platform, M Financial aims to foster increased operational efficiency, streamline data integration processes, ensure readiness in compliance standards and simplify onboarding procedures for both clients and products. This multi-faceted approach is geared towards preparing M Financial for scalability and future expansion in the competitive life insurance landscape.

Implementation Phases and Expectations

After a successful trial phase, the partnership marked the commencement of a phased implementation on November 3, 2025, with expectations of reaching completion by early 2026. Jeff Currie, the Senior Vice President of Corporate Solutions at M Financial, expressed optimism about the association, stating, “Andesa is known across the industry as a leading recordkeeping and plan administration provider, especially in the advanced markets. We're glad to begin this transformational journey with Andesa, and we anticipate substantial enhancements to be realized within our plan portfolio.”

This transformation initiative not only signifies a crucial step for M Financial in modernizing their operations but also highlights Andesa's ongoing commitment to simplifying complexities in NQDC (Non-Qualified Deferred Compensation) recordkeeping and administration, setting the stage for enhanced operational resiliency in a traditionally convoluted sector.

A Vision for Innovation

Angela Conn, Andesa's Chief Client Officer, highlighted the collaboration's significance, remarking, “Our partnership with M Financial represents a shared vision for innovation and client-centric service in advanced markets. By combining Andesa's technical expertise with M Financial's focus on client success, we are establishing a strong foundation for sustainable growth in advanced market administration.”

About Andesa Services, Inc.

Andesa Services, Inc. is a pioneering provider specializing in policy and plan administration solutions tailored for the Advanced Markets. Their offerings include policy transaction management and NQDC recordkeeping, designed particularly to ease the administration of intricate life insurance and annuity products like BOLI (Bank Owned Life Insurance), COLI (Corporate Owned Life Insurance), ICOLI (Institutional Owned Life Insurance), and Private Placement.

By leveraging extensive market insights, flexible configurations for intricate products, and security coupled with reliability at scale, Andesa empowers insurance carriers and brokers to confidently service high-value markets, enhancing their responsiveness and positioning in the dynamic financial landscape.

For more details regarding Andesa Services, you can visit their official website at www.AndesaServices.com.