Commissions & Incentive Module
Product Overview
Computation of commission and incentives is an extremely challenging and complex process in today's world, and yet an essential requirement. There is a constant need for innovation in respect to managing internal and external agency commission. Flexibility is the key factor to achieve this goal. Indus Commissions & Incentive Module facilitates the calculation of commissions and incentives for external agencies as well as internal members based on various events and tariff structures.
Highlights
- Calculates commissions and incentives on sales for internal as well as external agencies
- Calculation for commission/incentive triggered on happening of a particular event or result of an event
- Definition of a multi-tiered payment structure
- Flexibility to link multiple commission plans to single entity/user and multiple entities to a plan
- Calculation of commission/incentive at pre-determined frequency as per the plan
- Amount or percentage
- Flat Value
- Range with specified minimum & maximum values
- Definition of ‘trailing commission’ related to the receivables.
- Calculation of commission based on
- Display of estimated commission for an application
- Manual adjustments on calculated commission possible
- Report-generation to formulate the commission earned by the agencies
Benefits
- Banks/Financial Institutions can increase their revenues by employing strategic incentive/commission plans
- Accurate calculation done avoiding overpayment or underpayment to the agencies
- Complex commission plans can be executed with great ease and accuracy
- Flexibility to define different calculation logics for commissions/incentive plans