Broker Commission Solution

Broker Commission Solution

About the Broker Commission Solution

  • Flexible mapping tools allow integration to a vast number of commission file- and statement formats.
  • We currently import commission data from most of the product providers in the financial services sector to provide you with a consolidated view of commission and fee transactions per policy, broker and product.
  • You can process and share this commission with multiple parties based on flexible, time based sharing rules.

The Broker Commission Solution will be able to:

  • Calculate commission on various levels using user specific criteria
  • Split commission to multiple parties
  • Import commission data from Excel- and CSV files
  • Send recipient commission statement directly to recipients or provide them access to an online portal
  • Create powerful management reports
  • Integrate to payroll- and payment systems
  • Include all CRM functionality
  • Online access for Recipients to their commission statements

Features:

  • Broker house structure
  • Broker contract management
  • Template based splitting rules
  • Expense deductions
  • Retention policies on payouts
  • Bank statement reconciliations
  • Customised commission statements and payment advice
  • Commission and fee tracking
  • Product and provider segmentation
  • Import/Export
  • Automation and work flow

Data Information Overview:

Flexible mapping tools allow integration to a large number of commission- and investment file formats from most of the product providers.

The data can be imported using import wizards or a fully automated import process.

You can also import contract data and recipient data as well as split arrangements of up to 3 levels.

You can even provide access via the web application to load a contract directly.