Tsala Financial Services, a broker and administrator, had chosen MCI Consultant's locally-developed CommCIS application, a web-based insurance broker commission management system that provides income protection for brokerages, agencies and individual agents.
“We were looking for an established web-based and scalable system for our needs,” says Willem Patel of Tsala Financial Services. “CommCIS not only met these simple criteria but also offered a capability for customising our commission calculations together with the capability of running the system on our behalf."
Aliki Droussiotis, director of MCI Consultants, adds: “We are providing the CommCIS application for Tsala on a ‘Software as a Service’ (SaaS) basis. Hosting solutions for our clients is just one of services that we offer and providing a SaaS capability is one of the growing trends that we see becoming very acceptable within the local marketplace.”
Tsala Financial Services was set up by its founder shareholders during May 2003, with the vision to render a service in the financial markets, in particular, to markets in the previously disadvantaged market segments.
Tsala Financial Services is a broker and administrator with a particular focus on pensioner funeral schemes and group scheme life business with innovative products.
Tsala presently assists the funeral pensioner administrators of Channel Life on the Rentmeester pensioner scheme in KwaZulu Natal with:
* Product development;
* Administration support;
* Strategic planning;
* Management development;
(* Training; and,
* PRO support.
The current funeral pensioner portfolio consists of about 200 000 policyholders and was created and initiated by Mr. Bolsens, the current CEO, during 1995. Tsala has marketed the Tsala Umbrella Funeral Plan since July 2004, mainly to undertaker and society groups and has extensive experience in this market.