EOX-hibit Weekly: Providing Insights and Perspectives from the Forefront of Technology
Commissions Commotion? Not Anymore!
An insurance brokerage found itself burning resources on manual administrative tasks, like commission calculations and reconciliation, leaving little time for strategic, value-added work. Disparate systems and complex compensation structures meant staff were constantly chasing data and manually building statements instead of focusing on growth-oriented activities.
EOX Vantage eliminated bottlenecks with an end-to-end automation solution. By connecting policy and claims data across carriers to a single platform, the system now automatically calculates commissions as premiums post, applies all carrier-specific rules, and generates accurate producer payments. Transactions post to the general ledger instantly, and real-time commission dashboards are published with no manual effort.
As a result, manual entry vanished, reconciliation time dropped by 80%, and the team now accomplishes more in the same time without adding headcount. Freed from repetitive tasks, they can focus on initiatives that move the business forward.
News You Should Be Following
Trump eases car tariffs after firms raised concerns
US President Donald Trump has taken action to ease the impact of new tariffs on the car making industry, which had sparked warnings about higher prices and the potential for significant hits to sales and production.
Progressive Insurance to hire thousands of employees this year
Candidates sought for a range of roles
OpenAI rolls out new shopping features with ChatGPT search update
OpenAI on Monday said it has updated ChatGPT’s web search capabilities to improve online shopping for users with personalized product recommendations with images, reviews, and direct purchase links.
Hear it From the Top: Insights from EOX Leadership
