We provide a commission tracking service for insurance brokers. We will enter, download and aggregate your commission statements into one central system. After commissions are entered for the month, reports can be printed to determine policies that require follow up with the carrier or payor. For example, if you received payment on a policy for January and March invoices but not February’s.
We also provide a smart application that allows you to manage your policies, print reports, split payments and much more.
Since 1995 and still running today, we service and maintain hundreds of carriers, $4 billion in premium a year, $120 million in annual commissions, 5000 brokers and process millions of commission entries.
After almost 20 years in the industry and listening to brokers needs, we have built a solution called CommissionsDept. We have created a state-of-the-art application for the brokerage community but now incorporate an amazing service into the product. WE enter all your commission data for you.
We provide an efficient and low-cost solution to managing your commissions. Our unique service gives brokers the freedom to focus on selling. Managing, entering and tracking commissions takes time and resources no broker can afford to waste in this highly competitive insurance industry.
Commissionsdept has maintained broker and general agent systems for over 20 years tracking billions of premiums. Clients include benefit brokers, property & casualty agencies and life insurance agents. Customers are charged based on the size of their book of business starting at $100 per month.
Commissions Departments does all the commission data entry for the broker.
Easily split and distribute commission payments among unlimited payees or sub-brokers.
You no longer have to waste time and resources entering commissions into your system
View reports summarizing missing or incorrect commissions that need to be followed up on
Easy to use system minimizing the time an agency spends tracking their commissions
View commissions from all payors in consolidated commission statements
Knowing you have paid accurately on your accounts and there isn’t any missing money
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