Remuneration
IRESS offers flexible rules-based solutions for designing and managing commission and remuneration models in any business environment. Our solutions let you efficiently manage your commission and remuneration information, ensuring accurate and timely payments.
You can choose to implement a remuneration system as stand-alone, or to integrate it with your business database. The scalability of our solutions means you can tailor them to suit your business needs now, while providing scope for growth and expansion.
The IRESS remuneration solutions support all types of users and any business structure. For example:
- advisors
- brokers
- financial services product providers
- practice managers
- referral sources.
Features
- Process and reconcile commission and fee-for-service payments
- Track all payment types
- Automatically calculate payments, trail commissions, volume bonuses, and adjustments
- Support all revenue sharing combinations
- Configure distribution structures, and distribution structure hierarchies e.g. dealer groups, branches, locations, advisors, brokers
- Import and reconcile fund manager files in various data formats
- Export Australian banking system compliant payment files
- Manage all aspects of billing and invoicing
- Report extensively on business performance, profitability and revenue sources
- Rank business writers and/or suppliers according to revenue generated
Remuneration Solutions
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CommPay
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A web-based commission solution offered as a stand-alone module of the XPLAN platform, or as a fully integrated component of the XPLAN wealth management solution.
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DMS Back Office
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A client-based commission solution, which operates independently and is fully hosted by the Licencee.
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DMS Online
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A web-based facility for advisers, which provides information from the DMS back office commission solution for the purpose of reporting, lodging and invoicing.
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Need more information?
For more information about the CommPay, please contact us.