Washington-based Mivation becomes the newest member of Oregon-based HawkSoft’s API Partner program through direct API integration between Mivation’s Xcelerator platform and HawkSoft’s agency management system. The two insurtech companies expect this collaboration to ease the complexities and difficulties in managing commission data for independent insurance agencies in the United States.
With the insurance landscape becoming increasingly complex, independent agents face significant challenges in accurately managing and tracking their commission payments. The monthly commission reconciliation process is an administrative nightmare for most agencies – laborious, error-prone, and unpleasant. Even downloading and organizing carrier statements can be a frustrating and time-consuming task. Mivation developed Xcelerator to meet these challenges.
Xcelerator combines the time-tested commission calculation functions of Mivation’s core product, Racing Snail, with new cutting-edge technology that merges statement data, including non-direct downloaded statements, with HawkSoft Insurance Platform data to revolutionize the way agents handle commissions, ensuring precision, speed, and ease throughout the process. Together, through a seamless API integration, Xcelerator and HawkSoft completely redefine the commission process for independent agents through automated payment assignment & commission calculation, flexible commissions plans, an electronic statement library, and real-time reporting. This is all supported by data accessed via API integration with HawkSoft.
“We are thrilled to introduce Xcelerator to the market via the HawkSoft API Partner program. This partnership is a game-changer for independent insurance agents seeking to streamline their commission payment processes,” said Jeff Brown, CEO of Mivation. “The integration of HawkSoft with Xcelerator enables agents to stop wasting hours managing and calculating commissions they’ve already earned and instead focus on growing their business and earning new commissions.”
“Our focus in curating our Partner programs is seeking out like-minded technology companies that are bringing force multipliers to independent agencies, which is exactly what we find with our friends at Mivation,” said Rushang Shah, Chief Marketing Officer at HawkSoft. “HawkSoft and the new integration with Xcelerator allows an agency to better tackle commission tracking, ensuring that team members are appropriately compensated for their hard work without bogging down the agency in stressful Excel files.”
Mutual customers of Mivation’s Xcelerator and the HawkSoft Insurance Platform can enable API integration today using HawkSoft’s Marketplace (available for both HawkSoft 5 and HawkSoft 6).
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