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What is Concert Finance?

Frequently, you may find yourself investing far too much time in the intricate task of calculating quotas and commissions through complex spreadsheets, often continuing this work long after deals are closed, which creates frustration among sales representatives who are left waiting for delayed reports and must double-check the results on their own. Consider the significant positive changes your organization could experience if this laborious manual process were automated, enabling the sales team to receive commission data in under a day. What kind of transformative impact might this have on your overall operations? By adopting a user-friendly single-sign-on solution that flawlessly integrates with your Salesforce data, many of these obstacles could be overcome. This innovative system would be tailored to grow alongside your business, offering features such as multi-currency support and adherence to ASC 606 accounting standards. Moreover, it would include continuous operational assistance, fostering a relationship that goes beyond the initial implementation and training stages. Ultimately, embracing this transition could lead to heightened efficiency and greater satisfaction within your sales team, reinforcing their motivation and engagement. Such a shift not only streamlines processes but also empowers the team to focus on what they do best: selling.

What is CommPay?

Onyx CenterSource provides a comprehensive Commissions Processing system designed to improve the efficiency and automation of commission payments for hotels and travel agencies globally. The procedure initiates with hotels providing booking details in their chosen file format and timing, with the option to use Onyx’s ValidStay verification tool for added assurance. Following this, a pro forma or remittance notice is created in the designated currency, outlining the total amounts owed to agencies along with Onyx’s service fee. After hotels transfer the funds into the Onyx account, payments are generally dispatched to all participating agencies within a week, accompanied by detailed confirmation reports. Both hotels and agencies enjoy 24/7 access to an online portal that enables them to reconcile payments, verify transactions, and monitor any outstanding claims. Furthermore, the system includes research and support services to address any inquiries, disputes, or unaccounted payments, with comprehensive documentation available through customer service channels. This organized framework not only facilitates prompt payment distribution but also empowers all stakeholders with the necessary resources to navigate commission payments effectively. The incorporation of such a system highlights Onyx CenterSource's commitment to enhancing the financial processes within the hospitality industry.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Free
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Concert Finance

Date Founded

2017

Company Location

United States

Company Website

concertfinance.com

Company Facts

Organization Name

Onyx CenterSource

Date Founded

1992

Company Location

United States

Company Website

www.onyxcentersource.com/hotels/commissions-processing/

Categories and Features

Commission

Affiliate Management
Agency Commission
Commission Calculations
Commission Scheduling
Commission Tracking
Compliance Management
Flat Commissions
Incentive Programs
Multi-Tiered Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions

Categories and Features

Commission

Affiliate Management
Agency Commission
Commission Calculations
Commission Scheduling
Commission Tracking
Compliance Management
Flat Commissions
Incentive Programs
Multi-Tiered Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions

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