ACT21 Software’s Incentive Compensation Management solution is a comprehensive tool primarily designed for the BFSI sector. It addresses all issues related to commission calculation, disbursement, intricate formulas, Variables, Clawbacks, Holdbacks, DSA support, and more.
This solution serves as a single platform for managing and executing incentive/commission-related tasks for any lending business. It is backed by a superior Rule Management Platform and can effortlessly integrate with your existing IT infrastructure and core business applications for Sales/Collection Information. It can also connect with downstream applications such as accounts-payable or payroll for disbursement.
Key Features:
Policy Creation:
Policies can be created and modified without coding, using a simple drag and drop design console. Policies can be deployed with a single click.
Payout Manager:
This feature simplifies the complex payout process, making Clawback and Holdback payouts straightforward. It provides centralized control for various payouts.
Simulation:
This feature allows for policy simulation with a comparison of expected and actual outcomes. Users can choose from multiple commission and incentive structures and apply policies with a single click.
Reports and Dashboard:
The solution offers intuitive reports and interactive dashboards. It displays historical payouts, holdbacks, and clawbacks, and allows for individual agency assessment.
Support Module:
The support module includes a web-login module for agencies, provides historical payout information for agencies and banks, and includes a query resolver for agencies.
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