SAP Commissions
SAP HANA

Is your sales performance struggling behind Insurance-industry standards?

In a dynamic insurance market, effective sales performance management is crucial. Are you grappling with industry-specific challenges like complex multi-tiered agent structures, evolving regulatory compliance, or integrating legacy policy systems with modern sales platforms?
Insurance
Partnering with industry-leading providers
Akeron
Schedule a free consultation for details
Why traditional sales solutions fall short for insurance companies
The insurance industry is undergoing a significant transformation, presenting new challenges for sales performance management:

Emerging insurance products

  • Usage-based insurance requiring dynamic pricing and commission structures
  • Parametric insurance products with instant payouts demanding new incentive models
  • Micro-insurance and on-demand coverage necessitating flexible compensation plans

Data-driven underwriting

  • AI and machine learning in risk assessment impacting sales strategies
  • Telematics and IoT devices provide real-time data for personalized policies
  • Predictive analytics reshaping lead scoring and sales territory management

Digital transformation

  • Direct-to-consumer digital platforms disrupting traditional agent-based models
  • Robo-advisors and chatbots influencing the sales process and commission attribution
  • Blockchain technology in claims processing affecting performance metrics
How SANDS Partners addresses these challenges
We offer innovative solutions tailored to the evolving insurance landscape:
Dynamic compensation modeling
  • Implement flexible commission structures for usage-based and parametric insurance products
  • Design incentive plans that balance traditional and digital sales channels
AI-powered performance analytics
  • Leverage machine learning algorithms to optimize sales territories and lead distribution
  • Implement predictive analytics for proactive policyholder retention strategies
Blockchain-ready commission management
  • Prepare your SPM/ICM systems for blockchain integration in claims and commission processing
  • Ensure transparent and immutable commission calculations and payouts
IoT integration
  • Incorporate real-time data from IoT devices into performance metrics and incentive calculations
  • Design commission structures that reward agents for promoting safer driving or healthier lifestyles
Why SANDS Partners?
With over 200 successful projects and deep insurance industry expertise, SANDS Partners offers:

Insurance-specific knowledge

  • In-depth understanding of insurance sales processes, from quote to bind.
  • Experience with multi-channel distribution models (captive agents, independent brokers, direct sales).

Vendor-agnostic approach

  • Partnerships with leading providers: Varicent, Xactly, CaptivateIQ, SAP, Akeron and Ebsta
  • Customized solution selection based on your unique insurance product mix and distribution channels

Comprehensive insurance-focused services

  • Strategy development: Optimize compensation plans for both short-term sales and long-term policy retention
  • Full-scale deployment: End-to-end implementation tailored to insurance-specific workflows
  • Ongoing optimization: Regular health checks and technical audits to adapt to changing market conditions and regulations
Schedule a free consultation for details
Technologies & solutions We implement and support
Strategic ICM & SPM Implementation Partner for Insurance
How we can help
We offer comprehensive services that cover the entire lifecycle of your ICM/SPM implementation, whether you are at the initial planning stage, mid-deployment, or need ongoing optimization.
Strategy
We provide strategic support to ensure your compensation plans are optimized for maximum effectiveness. Our services include:
Compensation Plan Audits
We review your existing incentive structures to identify areas for improvement and ensure alignment with your business goals.
Strategic Consulting
We help you design and develop compensation plans that motivate your sales teams and drive business growth.
Deployment
For those while implementing an ICM/SPM system, we offer end-to-end deployment services tailored to the unique needs of the insurance industry. Our deployment services include:
System Implementation
Regular evaluations of your ICM/SPM system to ensure it is functioning optimally and meeting your business needs.
Customization
We tailor the system to fit your specific requirements, including handling complex commission structures, multi-level agent hierarchies, and regulatory compliance needs.
Training and Support
We provide comprehensive training for your team to ensure they are fully equipped to use the new system effectively.
Optimization
If you are already using an ICM/SPM system but need to adapt to changing business conditions or improve system performance, we offer ongoing optimization services. Our optimization services include:
System Health Checks
Regular evaluations of your ICM/SPM system to ensure it is functioning optimally and meeting your business needs.
Technical Audits
Detailed technical assessments to identify and resolve any issues, ensuring your system remains efficient and effective.
Plan Adjustments
Assistance with modifying compensation plans to reflect changes in business strategy, market conditions, or regulatory requirements.
Continuous Improvement
Ongoing support to help you leverage data analytics and advanced forecasting tools for continuous improvement of your compensation strategy.
Maintenance 
& support
We provide flexible support, whether you need strategic guidance at the outset, comprehensive deployment services, or ongoing optimization and support.
Maintenance & support
What our business partners say about us
SANDS Partners have been instrumental for the expansion of the Xactly international business and helped the transition to the partner-first delivery model. They have proven to be a reliable partner and support our increasing delivery demand.
SANDS’ customer centricity combined with their solid SPM expertise and excellent Xactly products knowledge help us provide amazing customer experience and achieve the best results for our customers

Chris Sloan

Senior Director Alliances EMEA & APAC

SANDS Partners helped us with the implementation of our complex incentive models in XACTLY Incent and loading the system with Data from our CRM System Saleforce.com. We encoutered technical difficulties in this process which SANDS consultants helped us to overcome with the result of a fully functional Incent System. The technical Staff was very skilled in implementing our requirements and the project was lead very well with a  standardized procedure and documentation. We had a great project team spirit and the results speak for themselves.

Imo Jacobsen

Technical Project Lead

SANDS Partners are made up of young highly motivated and technically gifted consultants which are supported by an experienced leadership team.  SANDS are always searching for ways to improve and deliver more value for their customers. Their efforts translates into truly tangible benefits for their customers, for example the recent investment in project management helps structure the team better, improves communication and allows the consultants to focus on delivery.
I have full trust in SANDS Partners and I look forward to more successful deliver with them in 2023 and beyond

Matthew Cuthill

Director Digital Transformation – Finance

SANDS Partners consultants arrived at our headquarters for kick-off . My first impression was that they knew what they were talking about, they were very credible. They asked many searching questions about various components, and we delved into the details. It is reassuring to know that they were focused on the details and have experience in this field.

Philip van Heerden

Head of RevOps

CaptivateIQ has been expanding its partner network as the business continues to experience significant growth. One area of focus is extending our global reach to provide more high-quality service delivery options for our customers. The team at SANDS Partners has over 15 years of domain expertise and is the premier partner for incentive compensation services in Eastern Europe.

Trevor Childers

Head of Enterprise Sales

Everyone from the SANDS Partners team was very supportive from the very beginning of the implementation project, including the fact that we wanted to accelerate the implementation cycle as much as we could. We wanted to get up and running as quickly as possible. The SANDS Partners team was great about starting the work quickly and they were very flexible even with some slowdowns from different sides. Also the team was  pretty transparent, pretty open, and with a good level of communication about what was happening. They handled it the right way.

Ronak Dave

Financial and Sales Operations Manager

Demand for ZINKT products is growing fast, so it was important for us to find a key strategic service partner we can trust to provide best-in-class service in the EMEA markets.
When we work with our clients, we always take a holistic approach to projects, making sure we understand the upstream processes that affect payments accurately. The deep and extensive experience in the SANDS Partners team is unique both in the area of ​​SPM and related upstream systems (such as Salesforce), which makes SANDS Partners an obvious partner for ZINKT.
What is the most important, our teams focus on the same fundamental goal – everything we do is to ensure our customers’ success.

Tom Swinbourne

Chief Executive Officer

Fastmarkets worked with SANDS Partners to implement our new Xactly Incent instance with an integration into Salesforce. The team we worked with was very professional, made themselves available on short notice and helped shaping the system as we were intending it to be. Their flexibility and support were top class and it allowed us to roll out a working system within our tight timeframes. The collaboration was pleasant and efficient, I would highly recommend this team and company to implement medium to large scale incentive automation projects.

Hugo Robein

Divisional Head of Sales Operations

„We choose SANDS Partners to cooperate on a project related to the commission system for our sellers. We knew it is going to be a difficult project to manage and maintain within the short time frame. By establishing a strong relationship built on mutual trust, professionalism, competence, flexibility and common understanding of the goal, we achieved it. That is why we are issuing this certificate of professionalism, competence and flexibility to this excellent relationship that started over a year ago.
The most important lesson we learned during this project is that choosing a competent, flexible and trusted vendor is critical to the success of the project. SANDS Partners have proven their worth many times; they have always gone the extra mile when needed and continue to work closely with us to help us achieve the required results. They are still a highly competent and trusted supplier and made no small contribution to the success of the project ”.

Colm Whelan

IT Project Manager

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Grzegorz Struś

GRZEGORZ STRUŚ

Member of the Board, COO
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