Overview

Extensions Driven Platforms

Are legacy systems impeding your ability to manage and compensate your distribution channels? Does it delay your response to changing market dynamics? Do you need a solution that allows you to optimize the effectiveness of your sales force as well as the efficiency of maintaining the necessary data on them? A flexible, scalable solution that allows you to manage ever-changing compliance rules quickly and easily? Then the Producer Management and Compensation System (PMACS®) from Infosys McCamish is just what you need.

PMACS® is a comprehensive suite of producer and distribution management software specifically designed for the financial services industry. It enables faster go-to-market for new compensation plans, is reliable with calculations and accounting, and is easy to manage. PMACS® supports all life, annuity, security, pension, health, disability, and property and casualty products. It is as flexible and configurable as you need it to be, despite the number of producers and commissions processed.

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PMACS® fast facts

50% 3 of the top 6 US life insurance companies use PMACS®, as well as many other leading financial institutions across the US and Canada
4 Mn+ Agents and representatives maintained across the platform
$1 Bn in commissions paid per annum for a leading financial institution
40+ external and internal interfaces maintained for multiple large tier-1 clients
$3 Mn+ Commission transactions managed on a monthly basis for a single client
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PMACS® products



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PMACS® key differentiators

  • Reusable business rules: To configure more than 98% of what you need
  • Automation and web self- service capabilities: To enhance operating efficiencies by 30% or more
  • Change compensation programs: To introduce new compensation structures in just a few weeks
  • Hierarchy management: To support limitless hierarchy levels

  • With PMACS®, you can quickly manage changes to licensing, appointments, CE requirements and maintain a current database of all applicable state rules and regulations

  • PMACS® has producer/commission management gateways to help you quickly import distributor/commission data from multiple systems, that provides you end-to-end visibility and comprehensive reporting into all your distribution channels

  • PMACS® can be leveraged as business process management, software as-a-service, and perpetual license. You can choose from one of these service models or operate with a combination of these models as your needs evolve.

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Client Successes

Handling complex and multi-tiered selling hierarchies:

For a top 5 US insurer, managing complexities of their sales hierarchies could not be done effectively using a legacy solution. By using PMACS®, this insurer was able to deploy a unique hierarchy management solution that helped them handle unlimited number of tiers and very complex relationships.

Enhanced data cohesiveness and regulatory compliance:

For a Fortune 500 financial services organization, PMACS® provided a centralized system for managing producer information and compensation activities. The organization was able to achieve data cohesiveness, regulatory compliance, and operational cost reductions across the enterprise. In addition, the organization also leveraged the robust configurability of PMACS® that helped them respond rapidly to firm and regulatory changes in the future.

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