Commission Tracker

Sales commission software for insurance companies

4,7 /5 (30 reviews) Write a Review!

Commission Tracker Overview

What is Commission Tracker?

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.

Commission Tracker Overview

Pricing

Starting from
US$57,00/month

Pricing options

Free Trial
Subscription
Value for money

Cloud Subscription Option - $57/Month

Full Purchase Option - $997 (one-time fee) and $247/ year


Commission Tracker Features

Devices
Business size
S M L
Markets
United States, Canada
Supported Languages
English

Media

Different reports can be prepared using the software
Payment details of an insurance policy with the estimated premium and the actual premium
Payment history of a particular policy with an option to print details
Business report of the insurance company
Payment discrepancy report with the difference being paid by the customer
Book of business report with all the company and agent details
Commission Tracker video Commission Tracker screenshot: Different reports can be prepared using the software Commission Tracker screenshot: Payment details of an insurance policy with the estimated premium and the actual premium Commission Tracker screenshot: Payment history of a particular policy with an option to print details Commission Tracker screenshot: Business report of the insurance company Commission Tracker screenshot: Payment discrepancy report with the difference being paid by the customer Commission Tracker screenshot: Book of business report with all the company and agent details

Commission Tracker Reviews

Commission Tracker Reviews

Overall rating
4,7
/
5
Excellent
21

Very good
9

Average
0

Poor
0

Terrible
0

Value for Money
5
Features
5
Ease of Use
4,8
Customer Support
5
100% recommended this app
Matthew S.

Have been using it for 15 years, very reliable and gets the job done.

Saves time, makes payroll a breeze.


Diana L.

Allows you to manage your book of business with a positive financial impact!

Confidence that you are managing your revenue!


Kim S.

Commission Tracker was an easy fix to our tracking problem.

Commission Tracker was an easy fix to our tracking problem. The program has worked well with us over the past 6 years and we are eager to work with our newly updated version, 4.0. We had been running 3.0 all this time and are very happy to see the enhancements in 4.0 and look forward to the release of 5.0.


Judie V.

There isn't a better commission Tracker Software

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!!!


Dusty L.

Couldn't function without it


Matthew S.
Industry: Insurance

Have been using it for 15 years, very reliable and gets the job done.

Used Weekly for 2+ years
Reviewed on 2018/03/29
Review Source: Capterra

Saves time, makes payroll a breeze.

Pros

The Commission Tracker is very comprehensive in setting up producers and client accounts. it handles multiple splits easily so for clients with multiple agents it is very handy. While data entry is straightforward, when there are lots of commissions statements it will take a lot of time. They have an in-house data entry service that is very effective and when I switched over, it made it much easier to process commissions.

Cons

For most people it should not be a problem but the installed version runs on a Windows computer. The cloud version is a better way to run the software because there is no need to save the data locally.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Diana L.
Industry: Insurance
Company size: 11-50 Employees

Allows you to manage your book of business with a positive financial impact!

Used Daily for 2+ years
Reviewed on 2018/04/03
Review Source: Capterra

Confidence that you are managing your revenue!

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Kim S.

Commission Tracker was an easy fix to our tracking problem.

Reviewed on 2009/03/20
Review Source: Capterra

Commission Tracker was an easy fix to our tracking problem. The program has worked well with us over the past 6 years and we are eager to work with our newly updated version, 4.0. We had been running 3.0 all this time and are very happy to see the enhancements in 4.0 and look forward to the release of 5.0.

Pros

Commission Tracker is user friendly and easy to learn. The training process for new users has been made simpler by the ease of use of the system.

The reports in Commission Tracker give the user alot of flexibility. A big pro for us has been the ability to have reports customized for us. This has made it possible for us to maximize our return on the product.

Cons

One con that comes to mind is that we, as a Commission Tracker user, would love to have access to the network of other CT users. I would love to see a user's group meeting or a place that we as users can talk with other users and pick up on all the parts of the system that we might not be using but should be and just aren't because we don't realize what it does or what it can do for us.

Rating breakdown

Ease of Use
Customer Support

Judie V.

There isn't a better commission Tracker Software

Reviewed on 2016/03/10
Review Source: Capterra

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!!!

Rating breakdown

Ease of Use
Customer Support

Dusty L.
Industry: Insurance
Company size: 2-10 Employees

Couldn't function without it

Used Weekly for 2+ years
Reviewed on 2019/10/02
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
10/10
Based on 30 user ratings
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Commission Tracker Pricing

Commission Tracker Pricing

Starting from
US$57,00/month
Free Trial
Subscription
Value for money

Cloud Subscription Option - $57/Month

Full Purchase Option - $997 (one-time fee) and $247/ year

Cloud Subscription Option - $57/Month

Full Purchase Option - $997 (one-time fee) and $247/ year

Value for Money
5/5
Based on 30 user ratings
Compare value for money rating with alternatives
Compare with alternatives

Commission Tracker Features

Commission Tracker Features

API
Activity Dashboard
Activity Tracking
Automatic Notifications
CRM Integration
Collaboration Tools
Contact Database
Contact Management
Customizable Templates
Data Import/Export
Lead Capture
Lead Management
Real Time Data
Reporting & Statistics
Sales Analytics
Sales Reporting
Sales Tracking
Search Functionality
Third Party Integration
Workflow Management
Features
5/5
Based on 30 user ratings
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Categories

Additional information for Commission Tracker

Additional information for Commission Tracker

Key features of Commission Tracker

  • Action planning
  • Ad hoc reporting
  • Agent commission matrix
  • Automated billing
  • Built-In database
  • Commission calculations
  • Commission management
  • Compensation management
  • Contact database
  • Custom development
  • Customizable templates
  • Document approval
  • Document templates
  • ERP integration
  • Flexible commissions
  • Incentive programs
  • Permission management
  • Progress reports
  • Scheduled reporting
  • Status reporting
  • Third Party integration

Benefits

• 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.

Commission Tracker FAQs

Commission Tracker FAQs

Below are some frequently asked questions for Commission Tracker.

Q. What type of pricing plans does Commission Tracker offer?

Commission Tracker offers the following pricing plans:

Starting from: US$57,00/month

Pricing model: Subscription

Free Trial: Available

Cloud Subscription Option - $57/Month Full Purchase Option - $997 (one-time fee) and $247/ year

Q. What are the main features of Commission Tracker?

Commission Tracker offers the following features:

  • Action planning
  • Ad hoc reporting
  • Agent commission matrix
  • Automated billing
  • Built-In database
  • Commission calculations
  • Commission management
  • Compensation management
  • Contact database
  • Custom development
  • Customizable templates
  • Document approval
  • Document templates
  • ERP integration
  • Flexible commissions
  • Incentive programs
  • Permission management
  • Progress reports
  • Scheduled reporting
  • Status reporting
  • Third Party integration

Q. Who are the typical users of Commission Tracker?

Commission Tracker has the following typical customers:

Small Business, Mid Size Business

Q. What languages does Commission Tracker support?

Commission Tracker supports the following languages:

English

Q. What type of pricing plans does Commission Tracker offer?

Commission Tracker has the following pricing plans:

Subscription

Q. Does Commission Tracker support mobile devices?

We do not have any information about what devices Commission Tracker supports

Q. What other apps does Commission Tracker integrate with?

We do not have any information about what integrations Commission Tracker has

Q. What level of support does Commission Tracker offer?

Commission Tracker offers the following support options:

Phone Support, Online Support, Knowledge Base, Video Tutorials