Backbone by Backbone PLM
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Channel Plus, by Majesco, is an online automated platform dedicated to supporting the complete lifecycle of insurance distribution channels. It provides comprehensive tools for managing agents and Independent Financial Advisers (IFAs), covering everything from onboarding and licensing to sales support, commission tracking, and compliance management. As a unified solution, it is built to support all types of distribution channels, offering a consistent and efficient experience for both the financial institution and its network of intermediaries. Channel Plus is exclusively for insurance carriers, financial services firms, and managing general agents (MGAs) that rely on a network of agents and IFAs for distribution. It is tailored for operations teams,...
Channel Plus is exclusively for insurance carriers, financial services firms, and managing general agents (MGAs) that rely on a network of agents and IFAs for distribution. It is tailored for operations teams, channel managers, and compliance officers tasked with supporting and growing their intermediary sales force.
Our verdict is that Channel Plus is a highly specialized and robust solution for the insurance industry. Its focus on full lifecycle automation for distribution channels can significantly reduce administrative overhead and improve channel performance. For insurers seeking to modernize and streamline their agency management processes, it appears to be a comprehensive and effective choice.
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Channel Plus is exclusively for insurance carriers, financial services firms, and managing general agents (MGAs) that rely on a network of agents and IFAs for distribution. It is tailored for operations teams, channel managers, and compliance officers tasked with supporting and growing their intermediary sales force.
These are common features buyers compare in Product Lifecycle Management Software. Product-specific availability should be confirmed with the vendor.
Supervise and record the systematic processing of organizational or technical transitions.
Monitor and address policy non-compliance across services, products, or supplier activities.
Monitor financial data related to assets, including budgets, equipment costs, and revenue.
Use a shared portal to collaborate on product designs and make iterative adjustments.
Gather, store, and distribute documents within a unified hub to improve data accessibility for all stakeholders.
Collect, organize, and monitor product-specific data and information within a consolidated repository.
Organize timelines, budgets, and resources to ensure successful project delivery.
Facilitate the documentation and tracking of functional requirements throughout the product development cycle.
Oversee supplier interactions and history to manage vendor relationships effectively.
Pricing model: Per Feature
Pricing can change. Confirm current plans and terms with the vendor.
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