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The Channel Compensation component enables adoption of newer channels to market at substantially reduced cost.

The Elixir library contains the following business components:
Product Architect
Point of Sale
Channel Compensation
Claim Processing
  • Life & Health
  • Auto Insurance

A study in major insurance markets reveals that critical to exponential growth of companies are the abilities toneeds of each channel.

Elixir–Channel Compensation Component enables firms to adopt newer channels to market in the shortest time possible while enhancing collection ratios by up to 10%. It enables you to optimize relationships with channel partners and provides flexibility to set channel / producer specific rules for effective distribution management.

It enables you to:
Introduce new channels in the shortest time ever
Ensure that channels view you as a preferred solutions provider
Empower channel partners to perform better
Enhance operational efficiency
Ensure effective channel management through functionality that supports
 
KPI definition and regular evaluation
Performance monitoring across channel hierarchies, geographic regions and divisions

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Channel Compensation: Comprehensive Functionality
channel compensation
Click here to see enlarged connectivity and functionality map
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