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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 FoxTrot Software?

For more than twenty years, FoxTrot has been at the forefront of providing outstanding software that streamlines the operations of commissions departments. Our objective is to improve every aspect of commission management, whether it’s through seamless one-click imports of statements or offering detailed daily blotters, payroll calculations, and real-time broker statements. We have a strong understanding of the unique requirements of small to mid-sized broker-dealers, which informs our customer-centric approach. By fostering a collaborative and friendly partnership, we create an environment conducive to growth. Our innovative software not only adapts to the scale of your business but also allows you to operate efficiently without the need for increasing your workforce. Through close collaboration with our clients, we maintain a proactive “Yes!” attitude when addressing challenges. As a result, we have developed a robust system that caters to nearly every conceivable commission scenario while ensuring a dependable framework for daily operations. Our commitment to enhancing our software continues as we respond to the evolving demands of our clients, ensuring they always have the tools necessary to succeed in a dynamic market. We believe that this dedication to improvement is what truly sets us apart in the 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

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$7500 one-time payment
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

FoxTrot Software

Date Founded

1987

Company Location

United States

Company Website

www.foxtrotsw.com

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

Investment Management

Accounting Management
Benchmarking
Bonds / Stocks
Client Management
Commodities
Compliance Reporting
Data Import / Export
For Investment Advisors
For Investors & Traders
Fund Management
Modeling & Simulation
Payroll & Commissions
Performance Metrics
Portfolio Management
Risk Management

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