Banking Industry Sales Commission


QCommission allows you to efficiently compute commission, draw, and bonuses. It also enables you to verify the results and share this information with your account executives, recruiters, consultants, and managers. By presenting commission details clearly, your staff will have a thorough understanding of their payments and the reasons behind them. Relying on Excel and manual calculations can introduce numerous errors, leading to a loss of trust from your staff. QCommission can prevent such issues by consistently and accurately calculating all commissions.

Calculate Accurately with Flexible Rules
QCommission provides a lot of flexibility to set up commission plans that are unique to your company and your staff.

  • Pay commissions for various departments such as Mortgage, Retail, Wealth Management and Credit.
  • Pay commission by various types of services such as new accounts, asset under management, etc..
  • Calculate commissions-based on sales revenue or profit.
  • Pay commissions one-time or recurring
  • Pay different commission rates for different services
  • Pay different commission rates by payment plan
  • Pay different commission rates for sales reps.
  • Split commission rates between sales reps.
  • Pay overrides to managers and Vice Presidents
  • Deduct service fees prior to calculating commissions.
  • Pay referral commissions.
  • Pay commissions as a portion of results, flat amounts, tier rate with thresholds, etc..
  • Calculate incentives weekly, bi-weekly, monthly, and other. .
  • Handle negative payouts.
  • Pay draws or guaranteed payouts.

QCommission is designed to integrate with, Sage Peachtree, Sage Intacct, MS Dynamics GP, MS Dynamics Axapta, QuickBooks®, SugarCRM, Xero, NetSuite, and many others. QCommission can also accept Excel, fixed files, and delimited format files. QCommission can process some PDF format files too. QCommission can also operate stand-alone.

  • Import data from Sales/Accounting systems including new accounts, renewals, fees, Payees, Customers and Products.
  • Import from Byte files, Calyx Point files, Excel, and fixed or text-delimited files.
  • Restrict Transaction import using a date range.
  • Export Commissions directly back to Accounts Payable or Payroll.
  • Export data to Excel, and fixed or text-delimited file formats.

Plan Setup
The QCommission Plan describes an individual’s sales commission plan in detail.
  • Calculate payouts weekly, bi-weekly, monthly, bi-monthly, quarterly , etc.
  • Have multiple commissions and bonuses per plan
  • Create unique plans for every payee.
  • Share plan calculations among payees.

QCommission stores all data entered and all payout calculations.

  • Produce detailed commission statements by payee.
  • Reproduce commission statements for prior periods.
  • Report on split credits and uncredited transactions.
  • Analyze historical transaction and payment information
  • Email commission statements to payees.
  • View commission statements through the web.