Incentive or commission payout is a mandatory process for businesses into BFSI. Substantial amount in form of commission is distributed to external agencies like DSA and collection agencies. Core employees are under some incentive models too. Such payout models have varied formulae for every certain stakeholder. A lot of calculations goes around such variables and the final outcome is very much error prone in most of the cases. Distributing payout is a tedious task and the complexities increase with the increase in payout models, formulae, multiple payout variables, policies, Holdback/clawback provisions, etc. With such tedious process in place, scenarios gets worsen with issues or problems in payouts from external agencies.
ACT21 offers PCMS (Payout and computation management system), an intuitive and adaptive solutions for all your Incentive computation and management requirements, which can take in your headaches for entire payout process and keep your relationship with your partners concrete strong. PCMS is a complete solution to administer and manage incentives & commission for any lending business. It is powered by a very Powerful Rule Management Platform. It seamlessly Integrates with your existing IT environment & core business applications for Sales/Collection Information and downstream application such as accounts-payable or payroll application for disbursement.
Create policies without a single line of code
Easy management of designed policies
Create policies using drag and drop design console
Design and save policies for temporary/permanent deployment
Select and amend policies just by a few clicks
Easily manage cumbersome payout process
Simplified Clawback and Holdback payouts
Centralised control for variety of payouts
Payout processing with a single clicks
Simulate policies with expected and actual outcome comparison
Select from multiple commission and incentive structures
One click select-apply-simulate policies
Real time simulation of policies designed for outcomes expected
Simulated policies go into production
Intuitive Reports & Interactive Dashboards
Display options for Historical payouts, holdbacks and clawbacks
Invoice templates for agencies
Individual assessment of agencies
Downloadable reports In multiple formats.
Web-login module for Agencies
Historical payouts for Agencies and banks
Query Resolver for Agencies
Reduced support life cycle through quick resolutions
Access Control for users and Organisational heirarchy management
Act21’s implementation approach is excellently efficient and in line with BFSI best practices. They assure compliance during every phase of implementation though assure you to review and align internal controls to enable better outcomes. They guide you with their experience which is immensely beneficial.”
"The Incentive payout solution, implementation and delivery capabilities by ACT21 not only improved the time to market, but reduced the cost of execution at every stage of our Payout processes.”
"We would not have achieved this kind of success without a committed partner such as ACT21 helping us all the way. We are glad we chose ACT21 for this project – they bring in world-class consulting skills, superb project execution capabilities, and a high degree of predictability and reliability, besides technological excellence to customers."
“They are the best choice when it comes to select a process optimisation consultant for BFSI. ACT21 is sufficiently equipped with latest technology for such transformations. They have domain knowledge in abundance too. They may be the upcoming Technology vendors for BSFI.“