Sales Performance Management for Insurance
Drive top-line revenue growth and retain top performing agents by optimizing producer incentive programs. Reduce overall financial risk by increasing operational efficiencies.
Compensation Plan Complexity
High Transactional Volumes
With high transactional volumes, administrators need robust systems to meet commission processing schedules. High data volumes also demand extensive data integration & applicable scalability to process and pay all payees on time.
Strict Regulatory Requirements
Maintaining agent licenses, registration & education details and integrating this data for correct transactional crediting can be a complex task with legacy systems and often result in over- or underpayments.
A flexible solution to manage complex incentives for producers, agents and distribution channels.
Our SPM Solutions
Incentive Compensation Management
Align your sales teams and strategic objectives to achieve desired revenue targets, comply with regulatory standards, and adapt to market changes quickly and efficiently.
Territory & Quota Management
Efficiently create, monitor, and align quota and territory assignments with your business strategy. Simplify and automate your complex tasks with powerful workflow solutions.
Data Analytics & Visualization
Gain insight & visibility into mission critical metrics such as performance trends, compensation drivers and revenue flow with advanced reporting and ad-hoc analysis.
In the world of Sales Performance Management (SPM), maximizing returns on sales investment in the form of optimal business performance is the primary success criteria.
“Over 2.5 quintillion bytes of data are created every single day, and it’s only going to grow from there. By 2020, it’s estimated that 1.7MB
Artificial intelligence based on machine learning can help compensation managers in many ways – to provide support for decision making grounded in analytics, to allocate
Data, data everywhere. For many companies, one of the greatest challenges in recent times has been deriving accurate, actionable insights from data. Most businesses gather
Remove Bias In Data Analysis In this age of augmented intelligence, human reasoning remains the critical element in painting a coherent picture through available data.
“Forrester made waves with a report that said that 20% of B2B sales jobs – 1 million in total – would disappear by 2020,” says