Case Study: Midland Microfin Limited achieves 95% less manual incentive work with Kennect

Midland Microfin Limited cuts incentive calculation effort by 95% with Kennect

Midland Microfin Limited, a tech-forward microfinance institution, faced significant challenges in managing its complex incentive compensation process. With rapid growth, a 7-level hierarchy, and over 50 incentive schemes for various loan types, its reliance on spreadsheets was inefficient and error-prone. To support its expansion, Midland partnered with Kennect to implement its incentive automation platform.

Kennect provided an end-to-end automated solution that handled Midland's complex hierarchy, numerous schemes, and short-term contests. The implementation reduced manual effort in incentive calculations by 95%, freed up over 200 man-days of effort, and reduced queries related to incentive payouts by over 70%. This partnership with Kennect successfully eliminated Midland's dependency on spreadsheets and provided real-time visibility and analytics for leadership.

Midland Microfin Limited