Commission Tracker is a sales commission software used by insurance companies to manage sales commission paid to agents. The software helps to replace Excel sheets used for tracking sales commission. The tool lets companies prepare weekly/ monthly reports to track the revenue generated through new clients and the total commission paid to acquire the new clients.
Commission Tracker can be customized according to a company's revenue model and can also be modified if there is a need to add new modules or integrate with third-party applications. The software offers an agent commission matrix that provides information on the number of agents involved in acquiring new corporate clients. The matrix also provides the commission split to calculate how much money each agent has earned. The application helps to automate agent commission table and to autofill all relevant fields as soon as any new policy details are entered into the software database.
Commission Tracker’s agent commission template provides complete details of the commission structure. One section of the template provides information about the percentage of premium paid as commission and the other section defines how the commission will be shared between the agents. The software has a payment history tab that captures details of every payment made for the insurance policy. Commission Tracker can be deployed as a software-as a-service (SaaS) solution or as an on-premises application.
Pros Commission Tracker is user friendly and yet very detailed. Ability to building your carrier commission scales allows you to calculate your book of business to the penny. The import of commissions is easy to use unlike some other products. For folks that prefer to hand key, this is easy as well and the discrepancies appear right on the screen, which allows the auditing process to start immediately. The program is multi-user and allows for permission settings.
The key to this software is the customer service. Any question or issue is addressed quickly and diligently. If you have a specific need, the programmers try to understand how you manage your business to help understand the best solution. Sometimes your needed solution becomes a program update. Love that they are open to real life needs and solutions. This is not an out of the box product that does not evolve!
Cons Not a personal fan of crystal reports because I am not well versed in it. All reports are exportable to Excel, however Crystal to Excel sometimes need manipulating. That being said, if a report needed is not programmed, the programmers will help create one specific for your needs.
In my opinion, Commission Tracker is THE best commission tracking software on the market, for any price and it is amazingly affordable! This will be a rather wordy review, but I can't say enough wonderful things about Commission Tracker. I found CT 3 years ago and chose it because it was within our budget and the demo looked like what we needed. Little did I know that it was not only what we needed, but it is awesome! It is easy to learn, easy to use, has a huge number of user option oriented reports that are accurate. It also does future commissions predictions. It tracks carrier commissions receivable and producer payable commissions with tremendous flexibility. You can use CT for P&C and Health and Benefits. It works great for both and it does both very well, better than other packages I have used and demoed. It also has customizable commission tables for graded commissions, PCPM and flat rate. Producer commission tables also offer quite a bit of flexibility. Commission Tracker was perfect for my needs. However, my sales staff needed an agency management system and my boss wanted it fully integrated with the accounting software. We saw demos for Vertafore and Applied Systems. Whenever I asked if they could do something that CT can do for tracking commissions, they told me, "No." So we investigated many other packages and decided on one, I don't want to offer the name because I am currently using it. My new software is great for what the sales staff needs but is tremendously lacking in the commission tracking, sales tracking and reporting side. I had much more confidence in Commission Tracker than this package or any that I have seen. I told the staff at Commission Tracker that if they ever develop up to a full blown AMS and financial package, I would return to them in a heartbeat. The support staff is extremely responsive and helpful. And the programming staff is constantly coming up with new and excellent features and enhancements. So, if you are looking for a competent, dependable, user friendly, affordable software to track your insurance sales and commission activity, COMMISSION TRACKER GETS INSURANCE LIKE NO ONE ELSE DOES!!!
In my opinion, Commission Tracker is THE best commission tracking software on the market, for any price and it is amazingly affordable! This will be a rather wordy review, but I can't say enough wonderful things about Commission Tracker. I found CT 3 years ago and chose it because it was within our budget and the demo looked like what we needed. Little did I know that it was not only what we needed, but it is awesome! It is easy to learn, easy to use, has a huge number of user option oriented reports that are accurate. It also does future commissions predictions. It tracks carrier commissions receivable and producer payable commissions with tremendous flexibility. You can use CT for P&C and Health and Benefits. It works great for both and it does both very well, better than other packages I have used and demoed. It also has customizable commission tables for graded commissions, PCPM and flat rate. Producer commission tables also offer quite a bit of flexibility. Commission Tracker was perfect for my needs. However, my sales staff needed an agency management system and my boss wanted it fully integrated with the accounting software. We saw demos for Vertafore and Applied Systems. Whenever I asked if they could do something that CT can do for tracking commissions, they told me, "No." So we investigated many other packages and decided on one, I don't want to offer the name because I am currently using it. My new software is great for what the sales staff needs but is tremendously lacking in the commission tracking, sales tracking and reporting side. I had much more confidence in Commission Tracker than this package or any that I have seen. I told the staff at Commission Tracker that if they ever develop up to a full blown AMS and financial package, I would return to them in a heartbeat. The support staff is extremely responsive and helpful. And the programming staff is constantly coming up with new and excellent features and enhancements. So, if you are looking for a competent, dependable, user friendly, affordable software to track your insurance sales and commission activity, COMMISSION TRACKER GETS INSURANCE LIKE NO ONE ELSE DOES!!!
This software is absolutely amazing. I could not process commissions without. We were using an excel spreadsheet to track our commissions until we just got to big and it was too hard to keep up with. We have used commission tracker for maybe 8 years or so now and it has made life so much easier. It allows us to track what we are being paid and if we are missing commissions or not getting the correct amount. Also because we have multiple agents that we pay it tracks the commission splits with so much ease. Love, Love, Love this software.
Pros This software is absolutely amazing. I could not process commissions without. We were using an excel spreadsheet to track our commissions until we just got to big and it was too hard to keep up with. We have used commission tracker for maybe 8 years or so now and it has made life so much easier. It allows us to track what we are being paid and if we are missing commissions or not getting the correct amount. Also because we have multiple agents that we pay it tracks the commission splits with so much ease. Love, Love, Love this software.
Cons might take a little bit of a learning curve to get used to. Wish I had done some things different from the beginning because it's too late to change them now. The way you enter info can be subjective to the person doing the entering and therefore trying to train someone else to take over is very difficult because they may not do it the same way and therefore you will end up with inconsistency.
Excellent customer support (whenever I've needed it), Effective Reporting Capabilities & Easy to Use
Used daily for 2+ years
Reviewed 2018-05-07
Review Source: Capterra
I use it every day and it has provided me with excellent reporting capabilities to give to key decision makers, it allows me to pull data quickly for various reports I run for internal and external reporting, and through the uploading of statements the amount of time it takes to import data has decreased by over 50%.
I use it every day and it has provided me with excellent reporting capabilities to give to key decision makers, it allows me to pull data quickly for various reports I run for internal and external reporting, and through the uploading of statements the amount of time it takes to import data has decreased by over 50%.
Pros I like the Customer Support, the ease of uploading statements and the reports that are available that I can provide to decision makers and producers.
Cons I'd love to be able to more easily manipulate the excel downloads of the reports. I'd like to be able to run Pivots with them more easily.
Great program, saves so much time and prevent mistakes
Used daily for 1-2 years
Reviewed 2018-03-30
Review Source: Capterra
Easy to use once the data is incorporated into the system. Execl spreadsheet quickly import to the system. The reporting section is outstanding and very useful to the agent and management. Tremendous time saver reducing a week of manual data input of Excel to just a few minutes. Exceptional service by a local tech support, not somebody in India.
Pros Easy to use once the data is incorporated into the system. Execl spreadsheet quickly import to the system. The reporting section is outstanding and very useful to the agent and management. Tremendous time saver reducing a week of manual data input of Excel to just a few minutes. Exceptional service by a local tech support, not somebody in India.
Cons The requirement to make sure the excel spreadsheet exactly meets the import requirements. The length of some of the data fields is restrictive. The program doesn't include a balancing mechanism rechecking the commission splits with the gross commission.
• Commission Tracker performs complex analysis to calculate sales commission paid to insurance agents and intermediary companies for acquiring new clients.
• The software has an activity dashboard that tracks all the commissions paid to agents against the total revenue generated and prepares regular reports with metrics.
• The agent commission table is created every time a new insurance policy is issued and provides details such as the amount of commission to be paid and the number of agents involved in the deal.
• The application offers different templates to insurance companies based on the commission type and percentage of insurance premium.
• The tool has user access controls that provide limited rights to access personal financial details of the customer and the annual premium paid.
FAQs for Commission Tracker
Below are some frequently asked questions for Commission Tracker.
Q. What type of pricing plans does Commission Tracker offer?
Commission Tracker has the following pricing plans:
Starting from: $57.00/month Pricing model: Subscription Free Trial: Available (No Credit Card required)
Q. Who are the typical users of Commission Tracker?
Commission Tracker has the following typical customers:
Mid Size Business, Small Business
Q. What languages does Commission Tracker support?
Commission Tracker supports the following languages:
English
Q. Does Commission Tracker support mobile devices?
Commission Tracker supports the following devices:
We do not have any information about what devices Commission Tracker supports
Q. Does Commission Tracker offer an API?
No, Commission Tracker does not have an API available.
Q. What other apps does Commission Tracker integrate with?
Commission Tracker integrates with the following applications:
No information available
Q. What level of support does Commission Tracker offer?
Commission Tracker offers the following support options:
Knowledge Base, Online Support, Phone Support, Video Tutorials
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