Case Study: Insurance Industry
Our company collaborates with a renowned worldwide insurance provider that offers a wide range of insurance products such as property and casualty, accident and health, reinsurance, and life insurance. Their diverse clientele includes large corporations, small local businesses, individuals, and insurers searching for reinsurance coverage
The client had a manual commission calculation system made in Excel that took much time to work on because it depended on a team that received the production, had to review the plans, and finally do it in the spreadsheet.
While Excel and spreadsheets have come a long way, the time has come for yet another transition to bring spreadsheet data tracking to the modern era. Automation is the way of the future, especially regarding business commission-tracking plans.
Excel spreadsheets don’t meet the compensation plan management needs of businesses anymore. Compensation and commission plans nowadays need to be flexible and creative. In addition, with ever-changing markets and trends, employee remuneration must keep up to effectively incentivize and motivate behaviors to meet company objectives.
From the beginning, an implementation was negotiated in several Latin American countries.
Blitz automated the commission calculation process, providing the flexibility to define and create custom compensation plans quickly, easily, and without errors. The user-friendly compensation design dashboard allowed real-time visibility and streamlined the team’s previous calculation processes.
The solution was successfully implemented in Chile, Peru, Argentina, Panama, and Ecuador.
Blitz is the leading commission tracking platform. Providing accurate compensation management & automation to different industries.