CommCIS
CommCIS is a comprehensive web-based insurance broker commission management system that provides income protection for brokerages, agencies and individual agents.
FEATURES
- Web-based system allowing access anywhere, anytime;
- Agents can view their earnings on-line;
- Allows flat, level, annualized, graded or compounding products;
- Manage policies and commissions in real time;
- Provides a complete audit trail;
- Supports any commission calculation;
- Commission splits can be set up by transaction type or by supplier, product and branch;
- Expiry dates can be set on commission splits;
- Commissions can be held in a reserve account with limits;
- Reconciliation of commissions against institution statements;
- Track past and future commissions;
- Generate reports for expected, received and past due commissions by agents, clients, institution and product;
- Has full drill-down capability;
- Security ensuring that Financial Advisors only have access to their own reports;
- Variance reports are available between expected and received commissions.
BENEFITS
- CommCIS keeps track of all documentation required by compliance regulations;
- It has workflow capabilities which cater for any approval process for all products and institutions;
- It allows management of policies and commissions in real time;
- CommCIS can integrate with back office accounting systems e.g. Sage 300;
- Optimizes financial management and analytics;
- Empowers users to quickly and easily access operational and financial information;
- Effortlessly create real-time, automated and preformatted reports with up-to-date, accurate information;
