Commission Tracker logo

Commission Tracker

by AmbiCom · Since 1995
No reviews yet
ActiveAvailable globallyCloudOn-premise
Quick facts
VendorAmbiCom
Year launched1995
StatusActive
LocationCommission Tracker 100 E 4th St, PMB 12809, Calexico, CA 92231, US
Countries servedGlobal
Languages6
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About Commission Tracker

Commission Tracker is a commission tracking software from AmbiCom that provides commission processing services for insurance agents, agencies, and brokers. It combines software solution, processing solution, and quick explanations so users can manage commissions effectively. The platform also includes feature guides and troubleshooting tips to assist users in navigating the software. Commission Tracker helps eliminate the reliance on spreadsheets and offers an AI assistant named Tippy for personalized support. Users benefit from timely insights and guidance to improve their commission management process. Key capabilities: software solution processing solution quick explanations feature guides troubleshooting tips Best for: insurance agents and agencies that need efficient commission tracking and processing solutions.

Commission Tracker by AmbiCom is a specialized commission management solution tailored specifically for the insurance industry. Designed to streamline the process of tracking, calculating, and reconciling commissions, the platform aims to reduce administrative burdens and improve accuracy in commission payouts. Key features include automated commission calculations, real-time reporting, customizable dashboards, and robust analytics that help insurers monitor performance metrics effectively. With its focus on enhancing operational efficiency, Commission Tracker by AmbiCom is engineered to address the unique challenges faced by insurance companies in managing complex commission structures. The user interface of Commission Tracker by AmbiCom is both modern and intuitive, making it accessible to users with varying levels of technical expertise. The dashboard presents key performance indicators, commission summaries, and actionable insights in a clear, well-organized manner. Unique design elements, such as interactive charts and color-coded progress indicators, facilitate quick comprehension of complex data. Navigation is streamlined, with clearly labeled menus and customizable widgets that allow users to tailor the interface to their specific needs.

Pros & Cons

Pros
  • Automates commission tracking, significantly reducing manual work.
  • Multiple data input methods (import, reconcile, manual) streamline the process.
  • Carrier tables and agent splits ensure precise commission calculations.
  • Provides a wide range of customizable reports for detailed financial analysis.
  • Offers valuable insights into agent performance and agency revenue.
Cons
  • Some users may find the user interface to be dated.
  • May require a learning curve to fully utilize all features.
  • The way Data is entered can be subjective, making training others difficult.
  • Some users may encounter limitations with report filtering and sorting options.
  • Excel export of Crystal reports may require manipulation.

Features

Key features

Commission Tracking & Management

Focuses on tracking commissions paid to the agency and owed to producers.

Ease of Use & Efficiency

Simplifies commission tracking, reducing time spent on manual processes.

Accurate Payouts

Utilizes carrier tables and agent splits to ensure precise commission calculations.

Comprehensive Reporting

Generates customizable reports (agent commissions, agency payments, accounts receivable).

Customer Support

Provides responsive and knowledgeable customer service.

Additional features

Commission Tracking

Tracks incoming commissions from insurance carriers.

Producer/Agent Management

Allows for the setup and management of producer/agent profiles.

Carrier Management

Enables the creation of carrier tables to store commission schedules.

Import

Imports commission data from spreadsheet files (e.g., Excel).

Reconcile

Matches payments from PDF statements to policies.

Manual Entry (Receive Payment)

Allows direct entry of payments for small statements.

Commission Calculation
Calculates commissions based on carrier tables and agent splits.
Ensures accurate commission distribution.
Agent Commissions Earned

Shows commissions earned by individual agents.

Agency Payments Received

Tracks payments received by the agency.

Accounts Receivable

Monitors outstanding commissions. Customizable reports by date ranges (receive date, billing date).

Data Management

Multi-user access with permission settings. Ability to make agents inactive. Ability to maintain policy information.

Statement Processing

Ability to process commission statements. Ability to reconcile statements.

Customer Support

Provides phone support. Offers assistance with software setup and usage.

Software Updates

Regular updates with new features and improvements.

Data Entry Service

Offers an in house data entry service to process commission statements.

Cloud or installed version

Offers options for cloud based or locally installed software.

Weekly Newsletter

Provides tips, tricks, and software update information.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
6
Interface languages
20
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortuguese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇳🇿NZD🇸🇬SGD🇭🇰HKD🇸🇪SEK🇳🇴NOK🇩🇰DKK🇿🇦ZAR🇮🇳INR🇷🇺RUB🇧🇷BRL🇲🇽MXN🇨🇳CNY🇹🇼TWD

No reviews yet

Be the first to drop a review

Alternatives to Commission Tracker

Cova logo

Cova

Cova is a compliance software platform from Cova Africa that supports regulatory and operational compliance…

Root Insurance Platform logo

Root Insurance Platform

Root Insurance Platform is a technology solution from Root that provides auto insurance services. It…

Naked Insurance logo

Naked Insurance

Naked Insurance is a digital insurance platform from Naked Insurance [providing comprehensive coverage for cars,…

MyCover.ai logo

MyCover.ai

MyCover.ai is an open insurance API platform from MyCover.ai that simplifies access to insurance and…

Lami logo

Lami

Lami is a digital insurance software platform from Lami Technologies that provides an infrastructure for…

KAVA CRM logo

KAVA CRM

KAVA CRM is a customer relationship management software from KAVA CRM designed to manage customer…

Spot something wrong or outdated?

Suggest a correction — a reviewer verifies every change.

Often compared with Commission Tracker

Compare any two tools →
Cova logo
Cova
Insurance
0.0
Root Insurance Platform logo
Root Insurance Platform
Insurance
0.0
Naked Insurance logo
Naked Insurance
Insurance
0.0
MyCover.ai logo
MyCover.ai
API Management
0.0