Commission management software
Discover the top suppliers of commission management software used by wealth professionals, and learn how advice firms are using this technology.
Commission management software is used to manage rules-based revenue, commission payment and remuneration.
A great commission management software can benefit your advice business in a number of ways. In particular, commission software can improve back-office efficiency when creating, consolidating and distributing payments or statements to clients and other stakeholders.
Research from the Netwealth 2022 AdviceTech Report shows that the top suppliers of commission management software used by wealth professionals and financial advisers include: Commpay (45.8 per cent of advice firms), Worksorted (17.3 per cent), Revex (16.7 per cent), PayLogic from AdviserLogic (11.9 per cent) and Microsoft Excel 3.0% per cent).
Explore the human side of adviser technology with the 2022 AdviceTech suite of reports on staff, clients and technology suppliers.
This report examines how technology is linked to staff satisfaction and ultimately client satisfaction. You will learn what you can do to maximise staff engagement and satisfaction in a hybrid working environment, and the support, training and infrastructure required to properly support your staff.
Download the reportIn this report we unpack eight important technology trends that matter to clients. You will understand the role of hybrid client communications, the shift to self-service digital tools, how to unlock opportunities with data, and discover the importance of data visualisation in client education.
Download the reportTechnology selection and implementation is challenging. In this guide we provide you with the information to help - with descriptions of over 35 different technologies and the most used suppliers in their categories. The report also examines the factors to consider when selecting a technology partner.
Download the guideCurrently, 55.4% per cent of advice firms use software to manage commissions.
A further 8.3 per cent are looking to use a commission management software in the next 24 months.
Almost half (41.8 per cent) of advice firms use a commission management software weekly, while almost a third (32.6 per cent) do so monthly.
Take a closer look at more AdviceTech related resources in our collection of whitepapers, workshops, articles and podcasts.
Develop your AdviceTech roadmap with this free AdviceTech Roadmap workshop. A 90-minute team activity designed to help you prioritise technology solutions and develop a technology adoption strategy for your business.
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Request a demo nowIn Netwealth's 2022 Advisable Australian Report we pay special attention to the Established Affluent, some of the wealthiest and most well-established Australians, and provide a playbook for financial advisers on how to attract, advise and service this key target market.
Download nowFor wealth businesses to thrive in the future, The Emerging Affluent is a critical market to be aware of and develop key client strategies for. This report is a playbook on how to attract, manage and retain The Emerging Affluent.
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