Problem Statement
Wealthright, a fintech company known for its excellence in financial services, struggled with managing complex incentive payouts. Their previous system required substantial manual effort and relied heavily on technical teams to update and iterate rules. This resulted in:
- Labor-intensive rule creation: Complex commission logic demanded significant technical resources, slowing down the process.
- Dependence on tech teams: Iterating on feedback or policy updates was a slow process, heavily reliant on tech involvement.
- Difficulty integrating data points: The complexity of implementation made combining multiple data sources, such as sales performance and agent metrics, challenging.
These challenges led to missed opportunities for timely incentive schemes, limited experimentation with payout strategies, and strained tech bandwidth, impacting overall growth and innovation.
Solution
Wealthright partnered with Nected to overhaul their incentive management system using Nectedâs low-code, no-code rule engine and workflow automation platform. This transformation enabled:â
- âEffortless data integration: Seamlessly connected 3rd party data and multiple databases/excels.â
- 5x Faster time to market: Reduced rollout timelines from months to 1-2 weeks despite rules being highly complex.â
- 60-70% Reduction in the development effort.â
- Instant Changes to Scheme: It enabled business teams to change policies in real time without coding for the real-time changes in market and sales dynamics.â
- More Experimentation and Innovation: The product team can focus on ideating and refining strategies without worrying about implementation hurdles.













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