In today's fast-paced banking and financial landscape, efficient workflows are crucial. Find out how one International Bank leveraged the Equisoft/centralize Agency Management System (AMS) to significantly revamp their insurance sales operations within their Wealth Department.
The bank’s complex structure made it difficult to manage insurance sales. Tracking leads, activity, and commissions was an ongoing challenge. See how the bank was able to dramatically increase sales by centralizing carrier data feeds, streamlining commission accounting, and increasing efficiencies with the Equisoft/centralize agency management system.
Read the case study to learn the keys to:
- Accelerating processes through automation
- Multiplying stakeholder value through data feeds and APIs
- Creating competitive advantage through enhanced activity tracking & management
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Overcoming Legacy Hurdles
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The bank had been struggling to improve the performance of its insurance operations because its aging agency management system lacked the back-office functionality that made it easy to manage sales and referrals. With data scattered across multiple platforms and a lack of centralized carrier feeds, the bank grappled with inefficiencies that held back insurance sales growth.
Why Equisoft/centralize was chosen #
Equisoft/centralize not only provided automation and data centralization, but it also made it easy to manage complex commission hierarchies and intricate referral bonuses. One screen now held the power to provide a holistic view, enabling insurance specialists to focus on what they do best.
The Results #
Equisoft/centralize enabled the bank to automate many operational tasks and provide visibility into advisor activity, which made sales management much more effective. The system greatly simplified referral tracking and commission accounting which saved time and increased accuracy of payments.
One back VP commented that, "There’s no way we could have achieved what we did this year, with the amount of business that was written, if we were on a different system”.
Embark on this Insightful Expedition #
To learn how Equisoft/centralize can transform your institution download the comprehensive case study.
