Services » CommCentral Services

CommCentral Services

  • CommCentral is able to use any of the commonly available commission software platforms.
  • Encompasses the complete collection, management, payment, reconciliation and reporting of all revenue activity for the Licensee.
  • Preparation of Commission Statements and Recipient Created Tax Invoices and Tax Invoices for charges and deductions.
  • Management reporting though software platform.
Code Description
C101 Core Services
  Maintain Licencee structure as directed by Licencee from time to time.
  Record details of new representatives and exiting representatives.
  Obtain documents and data files from product providers as agent for Licencee.
  Monitor receipt of payments and payment data from product providers.
  Bank any cheques received to nominated bank account.
  Receipt and bank cheques and other payments from clients in respect of client fees.
  Load data files from product providers.
  Process all payment data from product providers.
  Reconcile data with payment details (banking).
  Provide bank reconciliation of bankings and processed amounts.
  Log and respond to commission and payment queries from Licencee only. Queries must be logged through the CommCentral WebSite.
C102 Payments to Representatives
  [Standard Fortnightly Payments]
  On specified dates generate representative payments for Licencee approval.
  Prepare all documentation and export files.
  Prepare EFT payment file and lodg with bank/Licencee as appropriate.
  Post and confirm payment batch.
C104 Payments to Referrers
  On specified dates generate representative payments for Licencee approval
  Prepare all documentation and export files.
  Prepare EFT payment file and lodg with bank/Licencee as appropriate.
  Post and confirm payment batch.