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Simplify Partner Pay-outswith SimPay

India’s First comprehensive application for
pay-outs to channel partners for Banks and NBFCs!

SimPay Benefits

Simplifies complex Pay-out Calculations

  • Customize pay-out structures to meet partner requirements

  • Simplify pay-out setups effortlessly, no extensive coding is required

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End-to-end visibility of Invoice generation and tracking

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  • Provides visibility into invoice status, generation, partner distribution, and payment

  • Enhances transparency and streamlines outstanding payments Management

 User Management System and Audit Trail

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  • Efficiently assigns responsibilities and control to authorized personnel

  • Provides a detailed audit trail of all activities

Simplify Exceptions and Cancellations

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  • Manage exceptions and cancellations to ensure accurate commission payouts

  • Effectively handles deviations from standard processes and manages cancellations retrospectively 

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Simulation

SIMPAY serves as a forecasting and decision-making tool, catering to the needs of product teams and sales teams alike for trend analysis. Its front-end feature enables utilization based on existing data, empowering users to forecast accurately. Moreover, it offers Excel downloads for reporting and analysis purposes, ensuring comprehensive insights. Notably, SIMPAY's flexibility extends to its capability to run on current month's payout data, providing up-to-date information for informed decision-making.

 Maximize recovery of your
GST input tax credit

Filling Out Tax Form
  • Include GST calculation and reporting for tax compliance

  • Generates and dispatches invoices to partners

Automates end-to-end Pay out Process

  • Streamlines the entire pay-out process for channel partners

  • Automates commission calculations for various channel partners
    (DSAs, DDSAs, and DSEs)

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Enhances Workflow capabilities

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  • Pay-out process follows a predefined sequence with relevant stakeholders

  • Customize workflows, including approval processes, escalation  and notifications

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Templatization of Business Rules

SimPay is equipped with a front-end based interface that is both flexible and scalable, ensuring adaptability to evolving needs. It offers a highly parametrized system that can be easily customized according to specific product offerings. Designed with business users in mind, it provides functional simplicity, minimizing the need for IT intervention. Its audit trail feature, incorporating a maker-checker system, ensures transparency and accountability. Additionally, users can configure payout structures into business rules or templates, streamlining the process further.

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SIMSWAGAT

Manage Partner onboarding smoothly. Two-way data capture - either the sales manager inputs data or the partner is provided with a link and they input the required data. Sign agreements and archive partner documents all in one place.

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Partner Portal

Provide quality service to your partners with SimPay's partner portal. Provide your partners with a one-stop solution for dashboards, and invoicing (view, input blank fields, download & upload, digitally sign). Provide reports to your partners in a detailed and transparent manner.

  • What is Chassist?
    Chassist is a fully integrated surround system developed by SimSol Technologies and Services Private Limited (SimSol) to manage end-to-end NACH (including e-NACH)/ECS transactions in a secure environment with operational controls, workflows and well-defined processes. It does both Mandate Registration and Transaction Processing.
  • Why should you choose Chassist?
    The banking industry is witnessing tremendous growth in the NACH mandates as it offers significant advantages to both the financing banks and the borrowers. Banks actively encourage their customers to opt for the NACH route for repayments. Most banks have several EMI cycles dates for processing repayments of retail loans. For in-house customers, i.e., Existing-To-Banks (ETB) clients, Banks directly recover the EMI amount from their accounts within the bank through Standing Instructions (SI) obtained. For other bank accounts, the recovery of EMI is through ECS or NACH Mandate given by the customers or presentation of post-dated cheques (PDCs). Recent mandate from the governing body states that no customer data should flow outside the bank. So far, banks were using third-party vendors to the mandate processes. Chassist will help comply with this mandate.
  • What are some of Chassist's capabilities?
    End-to-end Mandate Management (including e-NACH) (Sponsor Bank) End-to-end Transaction Processing (Sponsor Bank) Integration with the Loan Management System (LMS) and other internal vendor systems H2H Seamless Integration with NPCI system Integration with Email and SMS gateways of the bank for triggering Notifications Customized Reports related to mandate and transactions management
  • What happens in the Demo session?
    Our team of experts will give you a free demo of our product(s) as well as discuss how our solutions can be configured specifically to your business requirements.
  • Can we get a Proof of Concept (POC)?
    SimSol does accept POCs for a charge. This charge is based on the actual effort that will go into the POC based on its scope. However, on success of the POC, when the organization places an order for the solution, this amount already paid will be reduced from the license/subscription cost.

We'll be happy to answer!

Explore our other suite of Products

Everything you need for your lending business!

Scolend

Scolend is an all-in-one
application for lending and
co-lending business to
manage the lifecycle of the
loans in compliance with
regulatory requirements

SimSmart

SimSmart is a solution for servicing the problems faced by Banks and NBFCs in their Direct Assignment deals(Buy Side)

Chassist

Chassist is an end-to-end NACH/ECS Management solution equipped with NPCI Integration and modules for mandate registration, transaction processing, MIS & Customized reports

SimDox

SimDox is a solution for managing the Post Dated Cheque (PDD) collection process and checking for the correctness, authenticity, and archival of PDDs

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