Robust, insurance-specific commission tools can help your team save valuable time and money.

Commissions processing for health insurance agencies, GAs, and IMO/FMOs can be tedious and time-consuming. The most significant factors that contribute to the extra time spent on commissions are:

  • Repeated manual entry of large commission statements due to lack of import capabilities
  • Processing for complex commissions structures and accounting for overrides and bonuses
  • Inefficient means to track split payments between recipients

Inability to easily find and reconcile inaccurate carrier payments

Using the carrier-specific mapping technology in Commissions+, your team can quickly import and map carrier commission statements to streamline the tracking process. From there, the payments are linked to the corresponding records to ensure accuracy and cut down time spent managing the process manually. Organizations using AgencyBloc’s Commissions+ solution have reported saving hundreds of hours and thousands of dollars in time spent processing commissions.

 

AgencyBloc's Best-in-Class Commissions+ Solution

Link incoming commission payments to policies, individuals, and agents for a comprehensive view of everything to improve your tracking and management capabilities. This helps you work smarter and be more productive since everything is localized.

6 steps to processing commissions in Commissions+

Commissions Processing Efficiencies

Within each of the six steps to processing commissions, commissions teams find efficiencies. Commissions+ clients have reported:

  • Cutting time spent on commissions processing by 75-95%
  • Uncovering 100% of their missed commission payments
  • Reduced time spent importing commission data from 1-2 days to 1-2 hours
JTS Financial logo and Leslye G.

Case Study

JTS Financial

Learn how JTS Financial's commission team is able to gain over 90 hours back every month, cut commissions processing time by almost 75%, and save nearly $33,000 every year.

 

Read More

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Insurance Commission Software FAQs for Agencies, IMOs & FMOs

  • Insurance commissions software helps agencies process commissions faster by reducing the manual work that often slows teams down, like entering large carrier statements by hand, tracking overrides, managing split payments, and matching payments to the right policies, individuals, and agents. With AgencyBloc’s Commissions+, your team can import carrier commission statements, map incoming data, and link payments to the correct records for a more efficient, accurate process.

  • Yes. Commission reconciliation software can reduce manual data entry by helping your team import carrier commission statements instead of entering payment details one line at a time. Commissions+ uses carrier-specific mapping technology to help teams quickly import, map, and reconcile commission data. This streamlines the tracking process and helps reduce time spent managing commission payments manually.

  • Insurance commission tracking software helps agencies manage complex commission splits by centralizing payment data and connecting commission activity to the right policies, individuals, and agents. For health insurance agencies, GAs, and IMO/FMOs, this is especially important when teams need to account for overrides, bonuses, and split payments between multiple recipients. Commissions+ gives your team a more complete view of commission activity so it’s easier to track, manage, and report on payments.

  • Commission tracking software simplifies day-to-day workflows by helping teams keep commission data organized, reduce repetitive tasks, and improve visibility into payment activity. Instead of jumping between spreadsheets, carrier portals, and disconnected records, Commissions+ helps your team manage imports, payment tracking, reconciliation, and reporting in one insurance-specific system. That gives your commissions team more time to focus on accuracy, follow-up, and identifying missed revenue.
     

  • The best commission automation software for insurance agencies is a solution built around the realities of insurance commissions — including carrier statement imports, payment reconciliation, commission splits, overrides, bonuses, agent statements, and reporting. Commissions+ is built specifically for health insurance agencies, GAs, and IMO/FMOs, helping teams process, track, and manage commissions more efficiently while uncovering missed or inaccurate payments.