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Insurance
Create Commission Calculations

Create Commission Calculations

Automate complex commission calculations with Decision Matrices, Expression Sets, and Integration Procedures. Your commission schedules either reference these calculations or specify flat amounts or fixed rates.

Note
Note

You can also use Calculation Matrices and Calculation Procedures to automate commission calculations.

Choose the right tools for the job depending on the complexity of the calculation.

Action

Result

Flat and tiered matrices

Take a unique input or set of inputs

Return a unique output or set of outputs

Expression Sets

Look up values in matrices

Invoke multi-step calculations with conditional evaluations

Perform mathematical operations

Return calculated commission values

Integration Procedures

Look up values in matrices and external data sources

Invoke external integrations

Invoke multiple expression sets

Manage multiple layers of data transformations

Return calculated commission values

  • Decision Matrices for Commissions
    Decision Matrices give you a way to implement complex rules in a systematic, readable way. To calculate commissions based on something more complex than a fixed percentage rate, you start by setting up Decision Matrices.
  • Expression Sets for Commissions
    Expression Sets give you the flexibility to perform multiple steps to arrive at a commission amount. You can incorporate a Decision Matrix lookup into an Expression Set.
  • Integration Procedures for Commissions
    If a commission calculation requires data from multiple sources, use Integration Procedures to pull all the necessary data together. You can incorporate matrix lookups into an Integration Procedure, have the Integration Procedure use an Omnistudio Data Mapper to fetch data from another source, and then factor that data into the calculation.
 
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