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SymbioSys Distribution Management Solution (DMS)

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Overview

The SymbioSys Distribution Management manages Onboarding and licensing, Hierarchy management, Compensation and Performance management, Finance management across Life and Annuity, Property and Casualty, Health lines of business

Key Features

  • Multiple Hierarchies - Ability to define ‘n’ tiers and parallel hierarchies including partner’s internal organization structure
  • Configuration - Ease of configuring new channels, partners, producers, compensation rules
  • Commissions - Abiity to define daily commission payments for newly launched product and also cater for automated commission chargebacks on policy events
  • Payments - Ability to make daily or periodic basis payouts into multiple bank accounts, multi-currency
  • Performance - Ease of configuring various Key Performance Indicators (KPI) on diverse parameters to monitor & track the performance of the partnes , producers
  • What-if Model - Simulate new incentive and/or contest models before launching them
  • Discerning Analytics - Performance analytics using dashboards

Key Benefits

C2l BIZ thru it's Sysmbiosys Distribution Management solution provides a platform for the insurers to achieve the following key benefits :

  • Reduced time to market for launch of new channels or onboard new partners
  • Enhanced ability to attract , motivate and retain partners and producers
  • Ease of aligning sales force to company strategy
  • Drive business thru reduced time to market for launch of innovative contests / Incentives
  • Drive business goals thru effective performance management
  • Significant reduction in Distribution Operations Cost and TCO

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Product/Service details