- Existing Policy Admin System, unable to administer end to end distribution compensation needs
- Challenges to onboard diverse channels/ partners in a short time
- Unable to support assessment ranking-based compensations comprehensively
- Build robust distribution pay-out management to meet the rapid growth
- Independent channels and brokers registration and maintenance
- Hierarchy Management for multiple IFA’s and another monitoring channel
- Capabilities to reduce time to market for new channel partners
- Each agency/tied agent has multiple assessments which are sourced from external systems
C2L BIZ Solution
- End to end automated IFA channel registration and administration module
- Easily configurable IFA based on different Rank, Rate, Commission Payment Type and QC(Quality), Assessment payment rate was derived based on rules
- Unique monitoring and administrative hierarchy was set up for the IFA’s
- Seamless Integration with multiple external systems beyond PAS for sourcing different ranks, rates, Commission Payment Types and QC(Quality) etc
- Automated Processes allow the setting up of Jobs to be executed on a Monthly and Yearly basis and based on the Payment cycle
- Automations in monitoring diverse producing and monitoring channels in a unified system.
- Reduced time to launch assessment-ranking based compensations
- Seamless digital communication, statement of Accounts, and self servicing
- Nearly 4000+ partner agencies and 3 broker agencies registered since the launch of the business and are regularly administered in the system.
- 50% drop in Payout time
SymbioSys DMS Implementation and Integration with core systems
Distribution Operations Transformation
Post Implementation Warranty and Production Support Services
Excellence is not attained in a day! Our teams have worked beyond expectations to attain in-depth knowledge and offer customized solutions to our clients and partners. We carefully analyse our reach and every strategy to stay true to the time.
End to end automated IFA channel registration and administration module with SymbioSys DMS
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