Pisces Group Commissions Management System automates all commissions matching, reconciling and splitting functions. Commission processing no longer requires large administrative teams nor does it need to take days or weeks from receipt of commissions payments from lenders.
Commission management caters for upfront and trail payments to broker groups, individual brokers, referrers or other business partners. The solution has some key features such as:
- Integration to Broker Suite, eliminating the requirement for loan summaries
- Configuration of payment rates for an entire group, individual brokers, individual lenders or specific loan products
- Generation of Tax Invoices for each level of relationship
- Automated matching and reconciliation of commission payments
- Variance reporting for easy reconciliation
- Integration to payment and accounting systems