Missed Commissions | Commissions+

Identify missed commissions with industry-specific commissions management solutions.

Take the guesswork out of your commissions processing and ensure accuracy with Commissions+. Track incoming payments, compare them to expected payments, and rectify inaccuracies. Once you’ve identified what’s been missed, take that information to the carrier for resolution.

Payments from carriers must be monitored closely to know if there’s a problem. Missed carrier commission payments often happen in one of two ways:

Carriers are 2-3 months behind on their payments, so it’ll appear as a missing payment
A client cancels their policy and doesn’t notify your agency; this, too, will appear as a missing payment from the carrier

Commissions detail screen in Commissions+

Reconcile Missing Commissions

To reconcile an inaccurate commission payment, you need specific pieces of data. Run a Commission Not Received Report in Commissions+ to identify all of the policies in which payments were incorrect. Then, use that same report to resolve those inaccuracies with the carriers. Organizations have used this report to recover thousands of dollars in missing or inaccurate commission payments.

Actual vs. projected reports in AgencyBloc dashboard

Monitoring Commission Payments

Use Dashboard Analytics to monitor your commissions from a high-level view. Monitor graphs showing actual versus expected payments to know when inaccuracies happen and dig deeper. Track this information by month or year-over-year to get an income comparison that aids in your decision-making.

"We have been able to recover over $69,000 in missing compensation with AgencyBloc. Before, I had to enter all of our compensation data manually; now, I can import that information in an hour or two."

Becca D. | United Producers Group

See 200+ more customer success stories

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