Incentive Compensation Management (ICM) Automation.
OMFYS BSAT is an end to end process automation system for sales incentive scheme, and incentive computation and communication process in Enterprises in Manufacturing, Insurance, Telecom, Financial Services, etc. BSAT is basically a platform that comprises of BPM Workflow, GUI integrated with a very powerful Rule Engine of Oracle called as Oracle Intelligent Advisor (OIA). This platform is specifically designed to cater all the requirements related to trade promotion and sales incentive compensation process life cycle. BSAT would be seamlessly integrated with source data base for real time incentive computation and communication to sales team, Distributors, & Dealers, all those who are recipient of sales incentives.
OMFYS has great success stories in implementing BSAT and adding values to enterprises in terms of increase in business process agility and digital experience.
Salient Features
- User Authentication Security
- Active Directory Authentication Security
- User Hierarchy for approval workflows
- User role wise data access security
- Capability to Integrate with legacy database through web services, to have end to end automation of the process.
- Scheme Approval Hierarchy
- Product Outflow Financial Analysis on past data for scheme budgeting (based on last two years data)
- Scheme Registration, Scheme Modification and Scheme Launching by users through front end.
- Scheme wise Rules creation without coding. Can be maintained by business Users
- Re usability of the rules with system based revision control
- Scheme wise Financial Analysis on past data (based on last two years data)
- Automated Real time Scheme Analysis by system
- Reward Processing on the basis of Analyzed live data
- What If Analysis
- Provision to Adjust Rewards (Deviation Adjustments) and its approval
- Auto Email feature
- User Access and Transactions Audit trails
- Automatic Scheme Closing and Scheme Freezing stages as per the pre-configured dates.
- Payout and Rewards Details (CN and Gifts)
- Payout Interface to legacy system for Financial Accounting
- Scheme Budget Vs Actual Reports , Dashboard Level Reports, and other MIS reports as required
- Mobility and Chatbot ready for end user access and real time Incentive payout Communication
Benefits to Business
Key benefits to business by implementing BSAT would be having a robust and scalable Trade Promotion Management (TPM) solution, and digitally transform the TPM process to become agile and intelligent to address the below mentioned problem statements:
- Enabling effective Business Planning, including budget provisioning, based on real-time data.
- Longer Lead Time for Trade Promotion Schemes Process Cycle due to Manual Processes combined MS Excel Spreadsheets would be eliminated.
- Incentive Scheme are Communicated to the Internal & External Stake Holders, through a centralized Manner.
- Dependency on manual collation of data would be avoided.
- Tracking and reporting of schemes/claims and results would be automated.
- Budget utilization track is automated and controlled.
- Customers – Dealers & Retailers would have access to real time performance against schemes, the Visibility of Incentive Scheme Accruals.
- Linking credit notes to the actual invoice. Avoiding manual notations for credit note linking to the invoice
- Cost/benefit analysis of the scheme would be available in single click, which would help for accurate assessment of Trade Spend.
- Budget allocation proposal by system by analysing past data and rule...
- Dashboard to visualise real time MIS reports –Role wise.
- End user can login to see their real time incentive pay out details and insights either by login to BSAT portal or through mobile based Digital Assistant (Chatbot).