Time like never before.
Efficient and accurate management of revenue streams can be difficult and time-consuming when you don’t have the right tools. Designed to calculate and release your commission payments with precision and ease, CommPay Lite saves you hours on admin like never before. Simply import your latest supplier revenue statement let CommPay Lite do the rest.
Press fast-forward on your admin
CommPay Lite is a time-saving commission system that enables you to import supplier statements and manage your revenue. Whether it is split payments or payments that are in suspense, you can consolidate all your revenue streams at a reasonable monthly fee.
You can manage your revenue, reconcile your commission statements, review a full report on all the commissions owed or earned. The commission calculations are done swiftly through a robust and reliable system, allowing you to press fast-forward on admin hours and spend time building your business.
Benefits
Other than saving time on chasing your commission calculations, here are seven reasons why you should sign up for CommPay Lite.
- Lower Admin time
CommPay Lite sorts all your supplier statements, determines your commission to reduce hours of admin by streamlining payment distribution. - Price
CommPay Lite requires Xplan, and costs R750 per month per user. The billable hours saved on determining each Advisers monthly commission can be trimmed in half with CommPay Lite. - Easy to use and quick set up
CommPay Lite takes a couple of minutes to activate as it is linked to Xplan. It is a simple and logical system that manages commission revenue. Your commission might be in Suspense, but we have every possible scenario built into the system to release your commission. - Streamlined
CommPay Lite is flexible, so if you need to update split payments to another Adviser or change the revenue type after a year this can be easily changed as your business grows. CommPay Lite follows the rules you prescribe and complies with industry standards. - Detailed reports
You can quickly go into CommPay Lite and see which Advisers are reaching their targets and evaluate the commission earned. If Advisers are behind the set target, you can send a quick snapshot to encourage better performance. Included in reports are compliance, sales, and pipeline reporting. - All in one place
Instead of looking at several supplier statements, you can upload all the statements and see your commission in one dashboard. Simply press import and CommPay Lite auto allocate the transaction to your Advisers Account Code. You can also access client direct fees and bank receipts. - Robust capability
The Finance Team can operate the back office system, while your Advisers can access the CommPay Lite functionality.
The CommPay Lite Package
Discover how CommPay Lite can help your business:
Advisor functionality:
- CommPay Adviser Dashboards (Revenue Tracking and Forecasting, Top 100 Clients in terms of Revenue Generation, Top 10 Suppliers)
- Adviser Specific Reports
- Access To Suspense
- Policy and Transaction Search
Back office functionality:
- Basic Remuneration Model IE straight 50/50 share between adviser and company
- Statement Uploads based on Schema Supplier and Statement Layout Set-Up
- Management and Adviser Reporting
- Payment Period Set-up
- Suspense Rules
- Supplier (Product Provider) and Linked Products
- Auto Merging of Clients and Policies
- Client and Policy Mapping in Xplan
- Create Transactions and Payment Period Close-Off
Iress is a technology company providing software to the financial services industry.
Our software is used by more than 10,000 businesses and 500,000 users globally.
