Herald Logic is the leading provider of Channel Management System (CMS) to address distribution management for retail oriented financial services organizations. CMS, built on award winning IntelliRADAR platform enables Insurers and other financial services companies to tackle the challenges of distribution management in a multi-channel world by providing a unified and flexible distribution platform with focus on the three key components of our clients’ distribution strategy:

• Acquire Sales Force
• Monitor Performance and
• Reward Achievement

Herald Logic CMS system can help insurance carrier in:

• Sales Force Onboarding
• Sales Hierarchy Management
• Performance Management
• Incentive program Management
• Sales Commission Management
• Channel Self service

Hexaware – Herald Logic Partnership

As partners, Herald Logic offers a flexible, comprehensive distribution management platform; while Hexaware provides end-to-end system integration services like implementation, testing, integration and support for Herald Logic CMS’ installations globally.

What’s in it for insurers?

The key benefits for Insurers from Herald Logic’s Channel Management System and Hexaware’s global implementation and testing services are as under:

• Reduced channel administration costs for on-boarding and end-to-end life cycle management for channels and channel entities
• Higher productivity of sales force due to granular target setting and monitoring of performance on near real time basis
• Reduction in process cycle times and costs for running Commissions / Incentives and Channel Hierarchy management through Business users enablement
• Improved Channel-Product mix with targeted commission structures
• Improved Regulatory Compliance

HL targets an ROI of 10X+ for its clients by impacting important cost and value drivers.