PMACS® Producer Management & Compensation System
Overview
PMACS is a comprehensive suite of producer and distribution management components specifically designed for the financial services industry. It enables faster time to market for new compensation plans, is reliable with calculations or accounting, and easy to manage.
PMACS supports all life, annuity, security, pension, health, disability and property and casualty products/requirements, and is as flexible as you need it to be. It can be configured any way you want, whether it’s to manage 1,000 or 600,000 producers or to manage $2 million or $1 billion annually in commission processing.
Key Features
The platform has six configurable plug-and-play solutions which can be implemented as a fully integrated, loosely coupled solution, or as individual components. PMACS is source and target system agnostic and is integrated with industry leading data providers
- Producer On-boarding - Flexible options for various distribution channels including SureLC integrated, DTCC and POB, facilitated through our on-line onboarding wizard
- Producer Management - Our producer management component is a complete agent management solution and includes, License and Appointments, Continuing Education, Demographic, and unlimited hierarchies. Mass change support makes administration easy.
- Compensation Management - Able to calculate complex commissions or integrate with external systems for commissionable amounts for unlimited hierarchies, PMACS provides extensive commission management support which includes debit management, statement production and accounting.
- Performance Management - PMACS tracks commissions and supports configurable goals to align with and report on corporate campaigns
- Producer Portal - Our full featured Agent Portal gives the distribution instant access to their existing and pending book of business, statements, and notifications to ensure compliance.
- Leads Management - with integration to CRM or external lead systems, PMACS can coordinate and assign leads to promote sales
Key Benefits
Our PMACS® solution is a production proven platform supporting over 20 carriers (3 of the top 6).
Flexible service models include deployment in both a public or private cloud or hosted in our client's data center in a license model. BPO, SaaS, Hybrid or License models allow our clients to change with their dynamic business objectives.
A componentized, loosely coupled solution that can be impacted as a complete end to end solution or incrementally to support:
- On-Boarding
- Producer Management
- Performance Management
- Commissions Calculations
- Payment Services
- Commission Statements
- Debt Management
- Distribution Self Service
Continuous upgrades with a release plan that aligns with our clients' schedules
With no dependency on SI partners, our expert implementation team greatly limits the dependency and utilization of our client's resources
Extensive experience and tools for transformation from legacy products to our PMACS platform insures success without disruption
Our rules based architecture with extensive API support and messaging removes the complexity of adding new products and distributions and increases realtime access to data
Pre integrated with industry leading providers processes such as Onboarding, LNA, CE include: