Aegon Services finalizes the first step of implementing Comarch and Incentive solution

Aegon Services finalizes the first step of implementing Comarch and Incentive solution
02.09.2014 01:00 am

Aegon Services finalizes the first step of implementing Comarch and Incentive solution

Accounting

Aegon Services Sp. z o.o.  and Aegon Ubezpieczenia Majątkowe (a property insurance company ,Aegon Magyarország Általános Biztosító SA, a Polish branch), has completed the first phase of the Comarch Commission & Incentive implementation enriched with a financial-accounting module.

Thanks to Comarch Commission & Incentive, Aegon Group in Poland will centralize all billing and accounting operations related to partners’ settlements in a single solution. Self-configuration of new remuneration algorithms as well as the capability to define and settle multilayered sales network structures without contacting the supplier will significantly facilitate and accelerate the process of introducing changes. 
 
"In our business, we do our best to keep relationships with our customers and partners always at the highest level. From our point of view, it is extremely important to have a comprehensive product range that meets the needs of our customers, and a professionally managed sales network as it is the first line of contact with them. We needed a flexible tool that would allow developing and managing extensive sales network structures, both internal and external ones, as well as defining multi-layered and complex incentive programs, remuneration plans and settlements of such a network. Not without significance was also the need to automate most of accounting operations and create additional sub-ledgers for Aegon group companies and our key partners",underlines Ewa Karczmarczyk, Financial Operations Department Director, Aegon.

"We have just finished the first and the largest phase of the Comarch Commission & Incentive implementation project in Aegon Services Sp. z o.o., launching the full functionality of settlements of internal and external distribution channels. During the next phase we are planning to launch the commission policy configuration based on the portfolios of assets under management and algorithms calculating points for agent career levels",says Rafał Kwarciany, Project Manager, Comarch.

"Our solutions are fully able to handle different business models of the financial institution’s activity. In the case of Aegon we are dealing with a large distribution company, carrying out settlements for several companies in its own group and also for external partners. Thanks to cooperation with Aegon Services Sp. z o.o., we are expanding the functionality of our solution and gaining further valuable experience that will help us customize our systems according to the needs of our customers and best market practices", underlines Maciej Ślósarczyk, Insurance Consulting Director, Comarch.

Related News

Boost to Smaller British Construction Firms as Updates to Sage Accounting Means Teams can Collaborate Wherever They Are, Saving Time, Staying Compliant

Sage, the market leader in cloud business management solutions, today announced new updates to its Small Business Accounting Solution. Designed to support small businesses in... Read more »

Creative freelancers and small businesses given a helping hand by accountants Mazuma

Creative businesses are the fastest growing sector in the UK economy, now accounting for one in eight of all businesses, the Creative Industries Federation says.

More... Read more »

Xero accelerates launch of new features, including a partnership with TransferWise

 Xero, the global small business platform, today announced availability of improved financial reporting tools for small... Read more »

Countingup raises £4m to accelerate banking and accounting for small businesses

Countingup, the business current account that automates your accounting, has received the backing of leading fintech investors. The London-based startup has raised £4m in a... Read more »

Sage upgrades its small business cloud accounting solution

Sage, the market leader in cloud business management solutions today announced new updates to its small business cloud accounting solution. Doubling down on supporting small... Read more »

Temenos Awarded the Highest Status in Aite’s Matrix Evaluation of Investment and Fund Accounting Systems

Temenos (SIX: TEMN), the banking software company, today announced that the Temenos Multifonds Global Accounting product has been awarded ‘best in class’ status in Aite Group’s... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel