EvolveICM is the incentive compensation management module of our SPM software built for insurance companies.
This solution is built to help carriers automate commission calculations, saving the time and resources involved with completing this task manually.
You can take control of the performance of your sales channels while automating processes, establishing incentive programs and more.
EvolveICM is made for insurance carriers and agencies that use complex commission calculations, such as those in health insurance and Medicare industries, with core, flat, percentage or split commissions.
Our commissions management software computes these payouts for you. While manual calculation can take hours, our automated process takes less than 10 minutes, even with eight-figure payments.
By allowing our software to handle your payments, you can dedicate your time to high-level business objectives instead of calculating commission payments in spreadsheets.
Our compensation management solution allows you to:
Compliance is a top priority for insurance carriers as they provide plans and monitor agents. Our software helps you make sure that you are staying compliant.
With complex incentive programs for your agents, you can encourage them to achieve higher conversions, benefiting your team as well as your profit margins.
Our broker commissions computation software automates time-intensive processes like payment calculation and statement creation, leading to greater efficiency for your team.
For insurance companies that provide health insurance, life insurance or another insurance type, our insurance sales compensation software will support you on all fronts.
In addition to automatic calculations and payments, our insurance compensation management software includes many features:
Integrate with Third-Party Systems
Our software easily integrates with third-party systems for everything you need in one place.
Automated Commissions Process
Automate redundant processes like scheduling file transfers and releasing statements.
Conditional Payment Calculations
You can set up payments according to custom conditions, like plan, region, broker, contract, market and group.
Configurable Rules for Commission Events
Our software allows you to set up complex commissionable events like AOR, plan changes and rapid disenrollment adjustments.
Competitive Incentive Structures
Gain a competitive advantage and grow your sales channel with complex customizable incentive structures.
Unlimited Hierarchy Levels
Configure unlimited hierarchy levels for internal and external sales channels and compute commissionable events at each level.
Simplified Incentive Payments
At every level, you can redirect or advance payments or assign payees.
Flexible Negative Balance Management
Control internal billing and retroactive adjustment logic.
EvolveNXT offers software solutions for insurance carriers, agencies and brokers. Since 2011, we have been dedicated to serving our clients. Our insurance broker commissions computation software can help your company meet sales goals by simplifying processes and automating time-consuming tasks.
Contact us today to schedule a product demo and learn more about how our insurance sales compensation software can benefit your insurance commissions based company.
