PMACS® Platform
Overview
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.
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
Insights
PMACS® products
PMACS® Producer On-boarding
- Background verification
- Verification of pre-registration requirements
- Pre-licensing examination, product and carrier training tracking
- NIPR integration for PDB synchronization
- Online contracting
- Personal disclosures
- E-Signature
- Built-in workflow and document management
- Fully automated correspondence and alerts
PMACS® Producer Management
- Dynamic authority to sell
- License, appointments, registrations, and renewals
- Track continuing education and product training
- Maintain producer demographics, contracts, and selling agreements
- Full-fledged data warehouse to cater to all reporting needs
- Integrated with DTCC, NIPR, and appointment vendors
- Support complex hierarchies and multiple relationships
- Scheduled and ad-hoc reports to cater to all your needs
- Full-fledged audit capability
PMACS® Compensation Management
- Process commissions and overrides
- Support complex compensation hierarchies
- Pay commissions through multiple channels
- Process chargebacks and manual adjustments
- Comprehensive debt management
- Commission statement aggregator
- View and approve trial statements
- Integrated with disbursement systems for commission pay-outs
- Full-fledged data warehouse to cater to all reporting needs
- Plus, all the capabilities of our performance management accelerator
PMACS® Performance Management Accelerator
- Track Individual and group performance goals
- Flexible goal structure
- Track performance by individual, team, and product
- Support performance-based
- incentive management
- Standard interfaces
- Gamification-enabled
PMACS® Producer Portal
- Self-service option for producers
- Producer demographics and regulatory compliance details
- Hierarchy-based access alerts on pending business
- Commission history and statements
- Aggregate performance measures
- Social networking features
- Blast news
PMACS® Leads Management
- Fully automated lead lifecycle management
- Source-agnostic lead capture process
- Ability to aggregate leads generated from various internal and external sources
- Intuitive assignment of leads to producers with a unique “producer-lead mapping” algorithm
- Detailed dashboard for home office users
- Ability to link leads conversion to producer performance, driving sales effectiveness
PMACS® key differentiators
Client Successes
Request for services
Find out more about how we can help your organization navigate its next. Let us know your areas of interest so that we can serve you better
