Robust, insurance-specific commission tools can help your team save valuable time and money.

Commissions processing for health insurance agencies, GAs, and IMO/FMOs can be tedious and time-consuming. The most significant factors that contribute to the extra time spent on commissions are:

  • Repeated manual entry of large commission statements due to lack of import capabilities
  • Processing for complex commissions structures and accounting for overrides and bonuses
  • Inefficient means to track split payments between recipients

Inability to easily find and reconcile inaccurate carrier payments

Using the carrier-specific mapping technology in Commissions+, your team can quickly import and map carrier commission statements to streamline the tracking process. From there, the payments are linked to the corresponding records to ensure accuracy and cut down time spent managing the process manually. Organizations using AgencyBloc’s Commissions+ solution have reported saving hundreds of hours and thousands of dollars in time spent processing commissions.

 

AgencyBloc's Best-in-Class Commissions+ Solution

Link incoming commission payments to policies, individuals, and agents for a comprehensive view of everything to improve your tracking and management capabilities. This helps you work smarter and be more productive since everything is localized.

6 steps to processing commissions in Commissions+

Commissions Processing Efficiencies

Within each of the six steps to processing commissions, commissions teams find efficiencies. Commissions+ clients have reported:

  • Cutting time spent on commissions processing by 75-95%
  • Uncovering 100% of their missed commission payments
  • Reduced time spent importing commission data from 1-2 days to 1-2 hours
JTS Financial logo and Leslye G.

Case Study

JTS Financial

Learn how JTS Financial's commission team is able to gain over 90 hours back every month, cut commissions processing time by almost 75%, and save nearly $33,000 every year.

 

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