Investment Management Industry Sales Commission


Overview
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 payees.

  • Import incoming multiple fees data files from providers/portfolio systems (e.g., Black Diamond).
  • Process XLS, CSV and PDF files as imports.
  • Handle commissions for investment securities, annuities, ETFs, and insurance.
  • Handle other services such as Tax Planning.
  • Allow addition of investment accounts.
  • Calculate fees from accounts if necessary.
  • Pay commissions to advisors based on the total value of assets they manage.
  • Pay flat % of collected fees. Pay flat amount.
  • Pay differently by payee.
  • Split commissions between payees.
  • Pay overrides to managers at multiple higher levels.
  • Pay override to Broker/Dealer if not already one.
  • Provide override commissions to internal staff.
  • Pay tranches of investments at different rates for differing time periods.
  • Pay residual commissions forever.
  • Pay different commission rates based on year of fees.
  • Deduct various fees such as marketing and desk fees.
  • Pay weekly, bi-weekly, twice-monthly, monthly.
  • Pay draws or guaranteed payouts.

Import/Export
QCommission is designed to integrate with Salesforce.com, 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 incoming commission data from carriers.

  • Import data from accounting system including Invoices, Expenses, Payees, Customers and Products.
  • Import from Excel, PDF and fixed or text-delimited files
  • Restrict Transaction import using a date range.
  • Export Commissions payouts for accounts payable and payroll
  • Export data to Excel, and fixed or text-delimited file formats.
  • Eliminate shipping, tax charges from calculations.

Reporting
  • Import data from accounting system including Invoices, Expenses, Payees, Customers and Products.
  • 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.