Commission Tracker
About 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.
Key benefits of Commission Tracker
• 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.
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Reviews
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- Industry: Insurance
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Have been using it for 15 years, very reliable and gets the job done.
Reviewed on 2018/03/29
Saves time, makes payroll a breeze.
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.
- Industry: Financial Services
- Company size: 2–10 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Competitive Edge
Reviewed on 2024/08/14
With [sensitive content hidden] to support you, your in good hands
With [sensitive content hidden] to support you, your in good hands
Pros
Versatility and specialize for the insurance industry
Cons
Complex to set up. So many options. Be nice to have video training.
Response from AmbiCom
We’re thrilled to hear that you've had a positive experience with Commission Tracker Software! If you need further assistance, feel free to reach out to our support team for the training videos covering many of the features within the software.
- Industry: Hospital & Health Care
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Commission Review
Reviewed on 2023/06/06
Better system for commission purposes
Better system for commission purposes
Pros
Tisha is an awesome asset and very helpful!
Cons
Nothing to report. I have had pleasant experiences.
Response from AmbiCom
We sincerely appreciate the opportunity to contribute to the growth and prosperity of your company, and we remain dedicated to providing unmatched assistance. Thank you for choosing Commission Tracker as your trusted partner. We genuinely value our ongoing partnership and eagerly anticipate serving you in the future.
- Industry: Insurance
- Company size: 2–10 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Great Product - Fantastic Team
Reviewed on 2022/11/11
Over the five years I've used the software, the team members have listened to my requests and done...
Over the five years I've used the software, the team members have listened to my requests and done their best to help me get the information I need. More than once their regular monthly updates have added yet another feature to make my life easier. They're constantly improving an already powerful tool and working with them is always a pleasure.
Pros
I tracked commissions manually with a spreadsheet for years. There was no check and balance and it was difficult to guarantee accuracy. Commission Tracker took a monumental task, made it manageable, and cut my completion time in half. Now I have an efficient and accurate method for financial analysis and more time to work on production.
Cons
There is no way to make a carrier table inactive, and many commission schedules change every year. I'd like to hide those not in use from the New Policy drop-down. I've also noticed that making an agent inactive doesn't remove them from any of the drop-downs. If we were a larger agency, this would be a big problem. Some reports don't have the filtering and/or sorting options that I need, but there is usually a workaround.
Reasons for Choosing Commission Tracker
It took too much time to manually enter policy details for every line item. There was no efficient way to check for errors. Financial analysis of production and commission income was time-consuming, inaccurate, and lacking detail.Reasons for Switching to Commission Tracker
It was easy to use, more suited to insurance commissions, and offered a way to enter every policy detail I needed only once.Response from AmbiCom
Thank you for your Support! We are glad Commission Tracker has aided you in so many ways.
- Industry: Insurance
- Company size: 11–50 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Commission Tracker Review
Reviewed on 2023/12/07
Pros
Makes keeping track of commissions very simple and organized. If i need support with certain functions, I receive assistance in a timely manner.
Cons
No cons at this time for commission tracker
Response from AmbiCom
Commission Tracker is thankful for the opportunity to support you in managing your commissions. Our dedicated support team is committed to providing timely assistance, ensuring a smooth and efficient commission tracking process. We eagerly anticipate continuing to assist you with your commission tracking needs in the future.
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$67.00/month
- Pricing model: Subscription
- Free Trial: Not Available
Cloud Subscription Option - $67/Month, Additional Licenses are only $47/Month
Q. Who are the typical users of Commission Tracker?
Commission Tracker has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
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:
Android (Mobile), iPhone (Mobile), iPad (Mobile)
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:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
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