Compensation Management |
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| VUE Compensation Management is a powerful, flexible and
intuitive tool that makes it easy for insurance organizations to organize and
streamline complex commission and incentive programs. |
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Drive Successful
Product Lines
Utilizing the intuitive interface of VUE Compensation Management,
companies can create incentive programs that maximize sales of the most
profitable products. Compensation strategies can be changed quickly in response
to market opportunities, providing companies with a competitive advantage, and
delivering the flexibility sales and marketing executives need. |
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Align Compensation to Company Goals
With clear compensation metrics and commission statements,
there’s no question on how individuals are paid. This clarity ensures that
producers focus on the priorities defined by the compensation program rather
than spending time on shadow accounting. |
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Accurate Compensation Runs - On Time
Rich automation capabilities greatly reduce the administrative and
operational costs of managing the compensation payout process. A robust
transaction engine ensures the accuracy of all commission and bonus payouts
regardless of product, distribution channel complexity or transaction volume. |
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Support Compliance Initiatives
Programmed compliancy checks ensure carriers maintain appropriate
licensing and credentialing verifications for their entire producer channel.
Payment suppression makes certain only those agents with valid appointments are
run through the compensation process. Granular control and monitoring of the
payment process ensures full audit trails to help meet regulatory requirements
such as Sarbanes Oxley. |
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| Features :
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Unlimited hierarchies including support for multiple hierarchies per payee
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Unrestricted payout schedules and compensation plans using client-defined
business rules
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Flexible client-defined bonus programs
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Advance and draw support
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New business registration tracking ensures full awareness to prepolicy
milestones
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Easy plan maintenance with full audit trails
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Insightful research tools to resolve compensation disputes
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Comprehensive licensing and compliance management
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Retroactivity
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Performance-tuned high volume transaction engine
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Powerful and extensible reporting
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Field level security and auditing ensure control and accountability in system
modifications
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Customizable workflow for rules-based distribution of communications to
producer channel members
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Integration engine using standards-based XML technologies supporting SOA and
Web Services interfaces
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Add-on VUE Online module for web-based agent access
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On-site or hosted deployment models
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Technology
VUE Software utilizes Microsoft platform technologies as the
foundation for all system development providing a standard architecture to
facilitate enterprise integration and assure cost effective implementation on
commodity hardware. Clients can choose to deploy on either an Oracle or
Microsoft SQL Server database. |
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| VUE Software is an active member in Microsoft’s Insurance
Value Chain (IVC) program and works closely with Microsoft to ensure leading
system integration, scalability, reliability and security. |
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