REVPORT™ - Commissions
REVPORT™'s Commissions Module is a flexible, comprehensive tool for the financial industry, which calculates revenue and sub-advisor payouts, as well as sales commissions at the individual or team level. The product allows users to employ user-defined fields to identify or "tag data" and manage compensation for sales personnel. The software promotes user-defined roles with robust security module entitlements linked to specific user privileges.
Key Features:
- Calculate incentive compensation based on the market value
- Calculate revenue splits based on percent of prior split
- Calculate incentive compensation based on fees to client
- Calculate the pay-out off of a Revenue Split with spread - pay-out based off of the plus or minus spread automatically calculated off of the tiered fee vs. incentive compensation pay out
- Allows different rates for a given period
- All accruals are calculated and booked to the general ledger with actuals automatically reversing the accrual posting
Key Benefits:
- Easy to track information on employees, quotas, customers and other data
- Flexibility allows for manager discretion in compensation disbursement, specify user access, make changes, and define other systems options
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Data Sheet