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For many insurers, commissions management is a challenge. You struggle to support multiple systems, integrate data across multiple platforms, and manage activities across multiple channels.
SAP Incentive and Commission Management simplifies and improves your commissions structure by centralizing commissions management. The application handles all aspects of commissions management across multiple products, lines of business, and divisions. You have the functionality you need to support multiple channels, including call centers, the Web, agency management interfaces, and more. You can also coordinate cross-channel activities to promote synergy and minimize conflicts. All without requiring the development of multiple systems.
SAP Incentive and Commission Management offers comprehensive functionality for planning sales activities, promoting new business, and adapting your business in response to changing market conditions. It allows you to create commission structures to map local or regional changes, or to introduce new products. You can also configure special commission structures for sales groups such as brokers and independent agents.
With SAP Incentive and Commission Management, you can document contingent commissions, service existing commissions contracts, and manage commissions changes. You can also handle treaty setup and ongoing accounting, the linking of policies to treaties, facultative contract management, reporting, and complex reinsurance environments. Role- and activity-based security provides excellent controls for managing user access, with a full audit trail of activities performed. While improved data quality and reporting capabilities lower the cost of maintenance and reduce your total cost of ownership.
SAP Incentive and Commission Management can help you drive productivity and revenue by streamlining incentive and commission management. Read the solution brief (PDF).
Thanks to SAP Incentive and Commission Management, Helsana gained a more reliable compensation process – and more satisfied agents. Read the story (PDF).
Want to learn more? Contact us or call the SAP sales office nearest you.