Commission Administration

Commission Processing

• Commission is processed from commission statements as received directly from the Product Providers.
• These are imported onto our secure platform and reconciled against your bank statement amounts to verify the correctness of the payments received.
• The transactions are imported, processed, and split based on your predetermined internal commission share agreements in a few effortless steps.
• Every transaction processed is recorded on both your individual Broker record and the applicable policy/contract.
• This provides you with a comprehensive transaction history of the policy/contract as well as which split was applied at the time.

Client Record Database

Combining the commission processing service with our comprehensive CRM platform provides you with,

• a consolidate view of your client’s portfolio,
• Record all your client’s personal information, including their Risk Rating score
• Segment your client data
• Attach and store your client’s documents on our secure cloud-based Microsoft Azure Server.
• Keep record of all communication with or regarding your client on our Task manager which is integrated with Microsoft Outlook.

Reporting

• Online access to your Recipient/Broker Commission Statement that is designed according to your unique requirements. This can include grouping of income per product provider, product, transaction type etc.
• Commission variance report on all commission processed per period.
• Generate a detailed client portfolio showing all policies and/or assets under management per client.
• Detailed task-based report.
• Various other custom designed reports are available on request.

Dashboards

Simplify your data with dashboards designed to suit your needs like:

• Broker client centric
• Client portfolio
• Task Management
• Leads
• Production