Incentive Computation Management solution from ACT21 Software is an effective problem solver for BFSI majorly. It vanishes all your problems related to commission computation, disbursement, complex formulas, Variable, Clawbacks, Holdbacks, DSA support, etc.
It is a one stop solution to Effectively manage and execute actions related to incentives/commission for any lending business. It is powered by a supreme Rule Management Platform. It can seamlessly Integrate with your existing IT environment & core business applications for Sales/Collection Information and downstream application such as accounts-payable or payroll application for disbursement.
Key Features:
Policy Creation:
Create and amend policies without a single line of code, with a few clicks
Drag and drop design console
One click policy deployment
Payout Manager:
Easy management of cumbersome payout process
Simplified Clawback and Holdback payouts
Centralised control for variety of payouts
Simulation:
Simulate policies with expected and actual outcome comparison
Select from multiple commission and incentive structures
One click select-apply-simulate policies
Reports and dashboard:
Intuitive Reports & Interactive Dashboards
Display options for Historical payouts, holdbacks and clawbacks
Individual assessment of agencies
Support module:
Web-login module for Agencies
Historical payouts for Agencies and banks
Query Resolver for Agencies
Reduce pay-out cycles by up to 87% with iNCENTIVO, our Disruptive Compensation Automation solution. We understand there is a dire need for financial institutions to effectively administer, calculate, analyze and report incentive compensation programs to reduce potential errors and overpayments to employees, business partners, collection agents and more.
What do you like best about Incentive Compensation Managemet?
Hyperform is a zero-code platform that provides ease of use and a high degree of agility. It solves all the problems related to payouts and gives BFSI institutions an edge in computing and disbursing payouts.
Perfect fit for BFSI Agency payout process.
Possibility to customise
No coding at all, just drag and drop the decision boxes and you are done with policy creation, payout sprint creation.
No excel sheet requirements as such, manage everything inside the solution and forward the outputs to Accounts for final payouts.
What do you dislike about Incentive Compensation Managemet?
Its the best, there is nothing to not like about
Mobile support is taking long than expected, but yes they are on track.
Nothing as such, we are going good with it.
What problems is Incentive Compensation Managemet solving and how is that benefiting you?
Hyperforms zero code platform provides ease of use and high degree of agility. It solves all the problems related to payouts and gives BFSI institutions an edge in computing and disbursing payouts.
Unstructured payouts to structured policies,
No more using Excel sheets, it is the biggest relief,
Every sales person knows how to use the product, no IT involvement,
No custom codes everytime we release a new offer, seasonal discounts,
Drag and drop, that’s it!
Least amount of error in computation calculations, only issues with formulas,
Commission payout
Payout holdback resolution
Agency performance management
Agency login for issue resolution
Payout policy creation
Sprint creation and amendments
Hierarchy management among sales and business team
Recommendations to others considering Incentive Compensation Managemet:
The best part is, ACT21 do not boast much about the quality they offer and the ease of doing business with them. I would refer them any day to anyone and have already done that to a few. They are best at:
1. Domain expertise, they know everything, just name it and they understand it.
2. The product is coming from experience of people worked at Top 2 Financial software companies in India.
3. No need to write a single line of code for them or for you.
4. ACT21 will implement it for you, just give them the learning of your process and they will implement it in coordination with your respective teams.
I can freely recommend this product to any NBFC doing business in India and do not majorly need mobile access for this application.
Features
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Compensation Plan Modeling
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Compensation Statements
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Employee Reward Programs
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Incentive Management
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Reporting/Analytics
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Salary Planning