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What is Loanworks Commissions?

The success of an aggregator's operations is fundamentally tied to the development of robust relationships. A crucial component of this relationship-building is the commission payment process, which needs to be efficient, error-free, and seamless. However, the challenge often arises from managing a multitude of brokers and lenders, each with their unique commission structures. This task entails the complex manipulation and validation of data from various lender files, as well as the intricate processing and distribution of commission payments to multiple stakeholders, which can be both time-consuming and prone to errors. As a result, there is an urgent demand for a comprehensive solution that not only automates these processes but also adapts to the changing needs of the business while reducing labor costs. Such a solution must be grounded in a deep understanding of the aggregator business model, addressing both the intricacies of payment mechanics and the ever-evolving compliance landscape. By implementing this approach, you can significantly boost operational efficiency and foster stronger connections with your brokers, ultimately driving greater success in your aggregator business. Embracing innovation in this area is key to staying competitive and responsive in a fast-paced market.

What is CommissionCalc?

CommissionCalc simplifies the process of calculating commissions and rebates, leading to a substantial decrease in the time required for these activities, while also reducing errors and boosting the morale of sales staff. This tool can potentially reduce the time the Accounting Department spends on commission calculations by up to 90%. Additionally, it lessens the time commitment from sales teams and their managers, who would otherwise engage in "shadow accounting" to verify their commissions instead of concentrating on actual sales. The traditional method of manually calculating complex commissions often results in an error rate between 2% and 5%, with unrecognized errors frequently causing overpayments, as individuals receiving commissions are more likely to notice underpayments than overpayments. While businesses typically implement CommissionCalc for time savings, they often find that the resultant increase in precision yields even more significant advantages. Ultimately, the fundamental objective of commission systems is to motivate sales personnel, which necessitates timely recognition of rewards, transparency in reporting, and assurance in the accuracy of payments. By effectively addressing these critical aspects, CommissionCalc not only optimizes the commission process but also cultivates a more efficient and engaged sales atmosphere, encouraging better overall performance.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$2500.00/one-time
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

Loanworks Technologies

Date Founded

1998

Company Location

Australia

Company Website

www.loanworks.com.au

Company Facts

Organization Name

Flaum Technologies

Date Founded

1987

Company Location

United States

Company Website

www.commissioncalc.com/commissioncalc.html

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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