Client   : Nippon Life Insurance Co. of the Phils., Inc.

Project : Financial Planners/Agency Builders Compensation System

The Agency Compensation System (ACS) is designed to define the data, parameters, and calculations, to effectively track the productivity of the financial planners as well as of their respective Agency Builders. Concerned officers and executives would need to have information available at their disposal to oversee and manage these members of the agency force, in order for the company to effectively monitor their pre-defined periodic goals.

The system interfaces with the existing Life Support Plus application and shares the information gathered, thus eliminates redundancy in the entry of pertinent information related to commission information.

The system aims to provide facilities to compute for the additional incentives or compensation provided for the members of the agency force at the end of each calendar month and quarter, which are accumulated to the end of the calendar year. Reports are to be provided for the Financial Planners themselves, their respective Unit Managers who meet the minimum performance requirements and are entitled to additional compensation, to their respective branch managers and to the management for monitoring purposes. A file should also be readily available should the company decides on the disbursement procedures that are to be adopted on a standard manner.

21st Floor, Citibank Towers, 8741 Paseo de Roxas