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Lending Software for Banks and NBFCs
Partner Payout Management Software
SimPay helps banks and NBFCs automate commission calculations, invoicing and payouts to channel partners, including DSAs, DDSAs and DSEs
Simplify Complex Pay-out Structures
What SimPay does for you
SimPay is a partner payout management software solution that simplifies commission calculations, GST processing, invoice generation and payment tracking through configurable workflows
Simplifies complex Payout Calculations
Tailor payment structures for partners and simplify payment setups without complex coding
Maximize recovery of your GST input tax credit
Incorporate GST calculation, reporting, and invoice generation for tax compliance
Manage Exceptions and Cancellations
Manage exceptions and cancellations for accurate commission payouts including retrospective cancellation management.
SimSwagat Integration
(Partner onboarding)
Simplifies the complex process of partner onboarding, offering a comprehensive workflow that ensures no detail is overlooked
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Automates end-to-end Partner Payouts
​Automates commission calculations for various channel partners
(DSAs, DDSAs, and DSEs)
User Management System and Audit Trail
Assigns responsibilities and control to authorized personnel. Provides a detailed audit trail of all activities
Configurable Payout Rules
Users can configure payout structures into business rules or templates, streamlining the process further
Invoice generation and tracking
Enhances payment management by providing visibility into invoice status, creation, distribution, and payment
Configurable Approval Workflows
Tailor workflows to your needs by incorporating approval procedures, escalation protocols, and notifications
Simulation & Forecasting
For sales and product teams, it offers Excel downloads for analysis and up-to-date information on the latest payout data
SimCare
Integration
(Partner Servicing)
Intuitive front-end menu that empowers authorized third parties, such as Direct Selling Agents (DSAs), to manage business activities efficiently
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Scolend
Integration
(LOS & LMS)
Why Choose SimPay for Partner Payout Management?
SimPay simplifies partner payout management with configurable commission structures, automated workflows, system integrations and detailed audit trails. Its scalable architecture supports different partner types and lending products while reducing manual intervention
Integrations
• CSV
• Excel
• Database
• API
Compliance
• Maker/Checker
• Audit Trail
Templatized
• Highly Customizable
• Scalable
• API
Partner Specific
• Collections
• DSA, DSE, DDSA
• Business Correspondent
• More to Come…
Others
• Role based access
• Invoicing & tracking
• User focus & driven
• GST Calculations
• Payment workflow
Beyond channel partner payouts, SimPay supports additional financial workflows, including service-charge calculation, insurance commission reconciliation and employee incentive management.
Additional Payout & Revenue Management Capabilities
Service Charges
Service-charge billing engine for the bank's core-banking (CBS) data
It processes account balances and transactions, calculates various charges using a configurable template, applies exemptions, and generates debit/credit files for the CBS, including a monthly charge cycle with maker-checker and customer notifications.
01
Charge engine
Maintenance / transaction / cheque / card / digital / other
04
CBS Files
Debit / credit output: CSV / fixed-width / XML
02
Template Rules
Rates and methods configured, never hardcoded
05
Notification gate
Customer notified before any charge recovery
03
TRV waivers
Relationship-value aggregation to waive charges
06
Governance
Maker-checker reversals; idempotent runs; audit
Additional Payout & Revenue Management Capabilities
Insurance Revenue Tracker
Tracks the bank's bancassurance commission income end to end
Estimates expected commission per policy from premium realization and a rate card, reconciles with actual insurer payments, and organizes receivables within the branch distribution hierarchy, including 'commission receivable' on any date.
01
Estimation
Expected commission: new business, renewal, trail
04
Hierarchy roll-up
Branch distribution; expected vs received
02
Receivable as-on-date
Point-in-time commission receivable
05
MIS & dashboards
Indian-fiscal MTD / QTD / YTD; Excel / PDF
03
Reconciliation
Expected vs insurer statements; break workbench
06
Agreements & lineage
Insurer rate matrices; 'trace this rupee'
Additional Payout & Revenue Management Capabilities
Employee Incentives
Employee master, hierarchy, incentive eligibility and payout
Manages employee master data, branch and vertical assignments and the matrix reporting hierarchy, determines who is eligible for incentives over a period with branch-coverage pro-rata, and computes and pays employee incentives through the SimPay payout engine — performance score, target vs achieved, multipliers, allowances and deductions to a net incentive.
01
Employee Master
Directory; bulk CSV upload with history
04
Eligibility
Per vertical / period; branch-coverage pro-rata
02
Assignments
Branch and vertical tracking with effective dates
05
Incentive Compute
Score, target vs achieved, multiplier, net
03
Hierarchy
Matrix reporting: direct and dotted; org chart
06
Coverage reports
Coverage reporting and data export