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features
design
support

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Description

Introducing the only enterprise-level commission management system specifically designed for the Insurance sector. With a robust background of over three decades in technology and insurance, he has committed himself and his organization to empower and motivate clients towards growth by leveraging innovative technology and outstanding service. For the past 18 years, we have closely examined commission workflows, collaborating directly with CEOs, COOs, and commission teams from various insurance agencies, BGAs, and IMOs. Throughout this period, we have identified that agencies focused on growth, such as yours, often become ensnared in common pitfalls linked to the commission process. These pitfalls can significantly create bottlenecks, hinder growth, and lead to missed opportunities for profitability. In the year 2000, he established a company named SPI Software Solutions, which was later rebranded as GreenWave, aimed at delivering software and consulting services to sectors including banking, finance, insurance, manufacturing, and law enforcement. Our extensive experience uniquely positions us to help insurance agencies navigate these challenges and thrive in a competitive market.

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 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

$55 per month
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version 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 

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 Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

GreenWave

Founded

2000

Country

United States

Website

greenwavecommissions.com

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 Yes 
Flat Commissions No 
Incentive Programs No 
Multi-Tiered Commissions Yes 
Percentage Commissions No 
Sliding Scale Commissions No 
Split Commissions Yes 

Insurance Agency Management

Claims Management No 
Commission Management Yes 
Contact Management Yes 
Document Management No 
Insurance Rating No 
Life & Health Yes 
Policy Management Yes 
Property & Casualty Yes 
Quote Management No 

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 

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