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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 Commissionly Tracker?

Our software for calculating insurance commissions not only saves valuable time but also helps reclaim profits from overlooked Medicare and various other insurance lines. Additionally, it automates the process of tracking unpaid commissions, overrides, splits, and bonuses, ensuring that no earnings are lost. The system will seamlessly convert reports from different carriers into standardized formats, facilitating the extraction of relevant information. You can effortlessly identify discrepancies and errors, with the capability to export these findings in an organized report format. This streamlined approach enhances accuracy and efficiency in managing insurance commissions.

Media

Media

Integrations Supported

Integrations Supported

HubSpot CRM
HubSpot Customer Platform
Microsoft Excel
Pipedrive
QuickBooks Cash
Salesforce
Xero
Zendesk
Zoho CRM

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

$899 per month

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Not specified

Training Options

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

Commissionly

Date Founded

2018

Company Location

United Kingdom

Company Website

www.commissionlytracker.com

Categories and Features

Commission

Affiliate Management
Commission Calculations
Compliance Management
Incentive Programs
Multi-Tiered Commissions
Split Commissions

Categories and Features

Commission

Not specified

Compensation Management

Compensation Assessment
Compensation Calculation
Compensation Plan Modeling
Compensation Statements
Incentive Programs
Salary Planning

Insurance

Not specified

Insurance Agency Management

Commission Management
Contact Management
Life & Health
Policy Management

Sales Compensation

Not specified

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