Solution introduction
Revenue & Compensation Management
Objectway Platform is the digital end-to-end solution for banks, wealth managers, asset managers and their investors. It seamlessly integrates all front- to back-office operations into one, unified, ever-evolving platform, available on Cloud and accessible as a service.
As part of ObjectwayPlatform, Advisor Compensation & Audit is the revenue and compensation engine to manage relations with sales force and intermediaries concerning pay-in & pay-out calculation, fees, commissions and incentives. The application includes monitoring and interception of potential irregularities in sales organisation that could bring operational risks, financial losses and reputation damage to the Financial Institution.
Features
- Complete management of commission advances with the corresponding recovery plan
- Management of commission grids assigned to the sales network
- Management of agency contract and letters of integration destined to each agent
- MBO module to define rules for attribution of prizes, incentives and compensation diverse from standard commissions
- Detailed information and scores for each sale/agent
- Reporting, benchmarking analysis and overall sales network’s risk
- Available also for Insurance sales network
Benefits
- Single, centralized system for complete network management of a sales organisation
- Maximum flexibility and high level of parametrization in managing payment rules, inserting different calculation schemes at multiple overrides levels
- Continuously updated to meet regulatory requirements and change in market needs
- Simplification of business processes, minimizing human interventions and reducing errors in commission process
- Mitigation of operational, reputational and capital risks
Key Data
Implementation Methods
- Hosted (public cloud)
- Hosted (private cloud)
Type of Clients
- Asset Managers
- Bank Wealth Managers
- Digital Wealth Manager
- Financial Advisors
Client Regional Presence
- Africa
- Caribbean
- Eastern Europe
- Middle East
- North America
- South America
- Western Europe
- View Others View Less
Advisor Compensation & Audit
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