Next Steps
VUE Compensation Management
Incentive Compensation
Designed for
Insurance Organizations
Improve Profitability
Design, analyze and prioritize a high-margin product portfolio.
Design, analyze and prioritize a high-margin product portfolio.
Cut Operational Costs
Eliminate human errors and overpayments through comprehensive automation.
Eliminate human errors and overpayments through comprehensive automation.
Achieve Compliance
Meet Sarbanes-Oxley, credentialing verification and other regulatory requirements.
Meet Sarbanes-Oxley, credentialing verification and other regulatory requirements.
Build Comprehensive Compensation Programs
The VUE Compensation Management™ solution’s intuitive interface helps you create incentive programs that maximize the sales of your most profitable products. You can change compensation strategies in response to market opportunities and give sales and marketing executives much-needed flexibility. Essential capabilities boost your competitive advantage and help drive profits:
- Flexible user-defined bonus programs
- "What-if" analyses and reports for agent compensation changes
- Advanced user configuration and administration
Increase Producer Retention
Producers choose to do business with companies that make it easy to do business. With clear compensation metrics and commission statements, VUE Compensation Management leaves no question as to how individuals are paid. This clarity helps producers focus on priorities defined by the compensation program instead of shadow accounting. User-friendly tools strengthen producer loyalty:
- Producer portal module
- Graded reward system
- Enhanced agent management capabilities
Ensure Accurate Compensation Runs
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. Advanced features make the process easier:
- Automated scheduler
- Retroactivity based on changes
- Multi-phased statement previews
Meet Regulatory Compliance Requirements
Programmed compliancy checks help carriers maintain licensing and credentialing verifications for their entire producer channel. Only those with valid appointments are eligible for compensation payouts. Granular control and monitoring of payment processes result in full audit trails for meeting regulatory requirements such as Sarbanes-Oxley. We built in key features that give you confidence:
- Support for HIPAA compliance
- Easy maintenance of policies and plans with full audit trails
- Licensing and compliance management
