Online Insight Commissions reduces the costs of administering broker commissions while incentivizing broker sales.
Tired of manual commission solutions that require large amounts of time and personnel to maintain?
Online Insight’s solution gives your team the tools they need to confidently generate accurate and readily available commission statements. Transactions are seamlessly supplied by Online Insight Billing or easily loaded via a txt/csv file from a third-party system. After commissions are calculated and finalized, everything you need is generated from agency commission statements to accounts payable files.
Is the agent on a transaction licensed with carrier, credentialed to sell, and properly covered? Online Insight Commissions maintains the details of all your appointed agents and validates your configured compliance requirements by date. The commission rate calculator uses agent and agency-level rate settings to generate the right commissions for each specific transaction. The system processes forward-balances and backward-balances for transactions that have not been paid-off. While everything runs with the click of a button, your experts can review, adjust, and apply garnishments before finalizing.
Online access to their commission statements and compliance data not only lets your agents see how much they’re getting paid, it also shows them the reason for the amount. Reduce the time used in broker service calls, stop mailing out commission statements, and increase broker satisfaction.