Solutions for Brokers

The more successful Brokers create a sales force by compensating marketers of company products not only for sales they personally generate, but also for the sales of other marketers they introduce to the company, creating a downline of distributors and a hierarchy of multiple levels of compensation. Sales commissions are paid to sales agents according to the company’s compensation plan. There can be individuals at multiple levels of the structure receiving over ride payments from a single sale.

With our solution, the Broker can setup independent distributors (or associates, independent business owners, dealers, franchise owners, sales consultants, consultants, independent agents, etc.), to market products and services. Independent distributors develop their organizations by either building an active customer base, who buy directly from the distributor, and/or by recruiting a downline of independent distributors who also build a customer base, thereby expanding the overall organization. A commission is paid based on the volume of product sold through their own sales efforts as well as that of their downline organization.

Our solution provides product bundling capabilities that unleashes the broker’s marketing creativity. Product bundles can include products from totally unrelated providers to increases the value to the customer. We will collect a single scheduled payment from the customer and then pay the individual product providers on behalf of the customer. Brokers can configure our solution to calculate sales commissions at the bundle level or for selected products in the bundle.

Brokers also benefit greatly from our commission reconciliation capabilities. As scheduled payments are received from customers for products sold by the Broker sales organization, our system will calculate and record the commission earned/due from the product provider. We the commission remittance is received from the product provider, the commission remittance is compared with the calculated commission earned to identify accounts where the commission was earned but not paid. The Broker can promptly contact the product provider to remedy the commission payment shortfall. This reconciliation processing is also useful in confirming commission chargeback situations.

Broker Solution Highlights

  • Online access to all agent information
  • Maintain agent team hierarchy
  • Assign and customize product information and pricing
  • Review activity of agent’s customers
  • Store agent licenses and credentials
  • Define, calculate and pay sales commissions
  • Provide agents with online commission review
  • Setup custom product commission structures
  • Setup weekly, monthly, residual and one-time commissions
  • Setup advanced and split commissions
  • Track commission payments and balances
  • Reconcile commission payments against commission earned
  • Pay commissions electronically
  • Recurring subscription, trial fee and one-time fee billing
  • Robust financial reporting with up-to-the-minute transaction information
  • Create customized billing and transaction lists
  • Automated invoice and receipt generation
  • Reconcile billing transaction and payments
  • Process credit card and debit card authorization and processing
  • Accept paper checks, purchase order, cash, wire transfers and payroll deductions
  • Issue ACH bank drafts and echecks authorization and processing
  • Track approved payments, declines payments, refunds and chargebacks
  • Build simple or complex ecommerce websites
  • Create agent website templates
  • Personalized agent replicated websites
  • Customize product and pricing displays
  • View all sales activities
  • Online access to customer sales activity
  • Private labeled back-office management system
  • Self-enrollment forms
  • Setup multiple products with custom pricing
  • Track customer calls and interactions