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.
Product 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 certain parameters like portfolio handled, bucket handled and outstanding amount.
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.
Sample case study
A leading multinational in India.
16 interfaces built.
End of day processes completes within 3 hours.
30 Standard & 35 customized procedures executed end of day.
