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Average Ratings 0 Ratings

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ease
features
design
support

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Description

Comissio is a specialized platform dedicated to managing insurance commissions, providing a centralized, automated solution that enhances and simplifies the entire process of commission management, from tracking to reporting, enabling agencies to move away from cumbersome spreadsheets and disjointed tools in favor of a cohesive cloud-based system. It facilitates both single and multi-carrier commission processing, efficiently managing new and recurring commission runs in one streamlined batch, while allowing users to customize pay codes, schedules, and hierarchies tailored to the diverse commission structures of their agents. The platform automates various aspects such as commission calculations, adjustments, and chargebacks, generates ACH files for direct commission payments, and offers real-time dashboards and detailed reporting to enhance visibility into starting balances, advances, recoveries, and final agent balances. Designed specifically for businesses in health, life, and accident insurance, Comissio plays a crucial role in minimizing human error, speeding up payout processes, and simplifying the intricacies of complex hierarchies and reconciliation by unifying data into one accessible location. This comprehensive approach not only increases efficiency but also allows agencies to focus on their core operations without the distraction of manual commission management tasks.

Description

An all-encompassing solution for managing commission expenses that guarantees adherence to the most recent ASC 606 and IFRS 15 regulations. This system automates adjustments for true-up changes resulting from various contract events, such as modifications to contracts, changes in employee status, or customer cancellations. Furthermore, it automatically triggers impairments for any alterations, including adjustments to start dates or modifications in the benefit period. With a comprehensive perspective on the entire lifecycle of commission expenses, users can access an extensive library of automated reports and dashboards, which feature amortization schedules, profitability analyses, accounting model comparisons, and summarized roll forwards by group. Xactly CEA offers a thorough, end-to-end solution that streamlines compliance with ASC 606, accommodating both full and modified retrospective methods. It integrates smoothly with existing organizational systems, including CRM, HRIS, CLM, and CPQ platforms. Additionally, Xactly CEA efficiently manages multiple accounting books and works seamlessly with all downstream accounting ledgers. This ensures that organizations maintain a clear and accurate record of their commission expenditures throughout their financial reporting processes.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Salesforce

Integrations

Salesforce

Pricing Details

$249 per month
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Comissio

Country

United States

Website

comissio.com

Vendor Details

Company Name

Xactly Corp

Founded

2005

Country

United States

Website

www.xactlycorp.com/products/commission-expense-accounting

Product Features

Commission

Affiliate Management
Agency Commission
Commission Calculations
Commission Scheduling
Commission Tracking
Compliance Management
Flat Commissions
Incentive Programs
Multi-Tiered Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions

Product Features

Commission

Affiliate Management
Agency Commission
Commission Calculations
Commission Scheduling
Commission Tracking
Compliance Management
Flat Commissions
Incentive Programs
Multi-Tiered Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions

Alternatives

Alternatives

Commissionly Tracker Reviews

Commissionly Tracker

Commissionly