Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
CommissionCalc automates the calculation of commissions and rebates, significantly reducing time spent on these tasks, minimizing errors, and enhancing the motivation of sales personnel. It can cut down the time that the Accounting Department dedicates to commission calculations by as much as 90%. Moreover, it reduces the hours that salespeople and their managers invest in "shadow accounting," which involves validating their commissions instead of focusing on sales. The manual calculation of complex commissions typically carries an error rate ranging from 2% to 5%, and these unaddressed mistakes often lead to overpayments, as those receiving commissions tend to identify underpayment issues more readily. While companies often adopt CommissionCalc to save time, they frequently discover that the increase in accuracy brings even greater benefits. Ultimately, the primary goal of commissions is to incentivize sales, which requires that recipients promptly see their rewards, receive clear reports, and trust the payment's correctness. By addressing these needs, CommissionCalc not only streamlines the process but also fosters a more productive sales environment.
Description
The foundation of an aggregator's operation relies heavily on cultivating strong relationships. One of the key interactions in this dynamic is the commission payment process, which must be seamless, efficient, and devoid of errors. However, managing numerous brokers and lenders with their varying commission structures can pose a significant challenge. The tasks of manipulating and validating data from different lender files, as well as processing and distributing commission payments to multiple parties, often prove to be labor-intensive, costly, and prone to mistakes. Consequently, there is a pressing need for a comprehensive solution that automates these processes, adapts to the evolving requirements of your business, and minimizes the need for extensive labor investments. Importantly, such a solution should be deeply rooted in an understanding of the aggregator business model, encompassing not just the mechanics of payment but also a thorough, current awareness of the constantly shifting compliance landscape. By ensuring these elements are in place, you can enhance operational efficiency and maintain stronger relationships with your brokers.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
$2500.00/one-time
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Flaum Technologies
Founded
1987
Country
United States
Website
www.commissioncalc.com/commissioncalc.html
Vendor Details
Company Name
Loanworks Technologies
Founded
1998
Country
Australia
Website
www.loanworks.com.au
Product Features
Commission
Affiliate Management
Yes
Agency Commission
No
Commission Calculations
Yes
Commission Scheduling
No
Commission Tracking
No
Compliance Management
No
Flat Commissions
Yes
Incentive Programs
Yes
Multi-Tiered Commissions
Yes
Percentage Commissions
Yes
Sliding Scale Commissions
Yes
Split Commissions
Yes
Product Features
Commission
Affiliate Management
Yes
Agency Commission
No
Commission Calculations
Yes
Commission Scheduling
No
Commission Tracking
No
Compliance Management
Yes
Flat Commissions
No
Incentive Programs
Yes
Multi-Tiered Commissions
Yes
Percentage Commissions
No
Sliding Scale Commissions
No
Split Commissions
Yes