Serve Me! Suite

Commissions & Compensation Solution

The key to a firm's success in attracting and retaining top producing sales representatives is the ability to reward them - timely and accurately. Nothing is more frustrating to a sales person than having to sift through a commission payment only to find errors.

M&O's Commissions and Compensation solution is a powerful tool that allows firms to process even the most complex of pay formulas efficiently and accurately and provide consolidated statements dynamically to representatives through the web.

Key Features:

• Sales representatives, agencies, and sales management receive daily sales blotters that recap a rep's business and contain a detail transaction listing.
• Business types include Brokerage, Mutual Funds, IRA, Insurance, Annuities, Life, Investment Advisory and other fees.
• M&O's Knowledge Base Wizard makes it simple and flexible to customize compensation payouts without costly and time consuming programming changes. Even for the most complicated policies. All payouts, for all business, for all levels of the organization can be controlled by the user during setup and while in operation, e.g. commission calculations, hair cuts, management overrides, splits, suspend payouts, time dependent deals, deduct clearing costs, charged expenses above and below the line and many more.
• Wizards not only make changes simple and flexible they ask the right questions pertaining to a firm's published payout policy. No complicate tables to be completed, or formulas entered. The tool takes care of all of it. The questions asked by the Wizard reflect best practices amassed over the course of the last thirty years serving this business.
• Audit trail and time stamp record maintained to all changes to all sensitive compensation information including: formulas, broker codes, splits, product codes and organizational data. The tool makes it easy to determine the formula used to pay a trade.
• Specialized reports are generated for the commission department showing all detail steps used in the payout of a trade (even when payouts are split amongst other brokers, managers and agencies.)
• Complex payout inquiries can be researched quickly with a dedicated ad-hoc tool designed to get transaction-level data needed for a particular time period, broker, customer, agency, institution, or manager.
• The Commissions Department can set up rules for holding compensation based on non-compliance, incomplete data, lack of forms, disputes, and other regulatory or firm policies. Money for suspended or reversed commissions are automatically done accurately and accounted for in the firm's financial statement and for every broker on the trade.
• Financial System are kept current with daily links to Payroll System for checks and W2s', Accounts Payable for expenses and 1099s', General Leger for Balance Sheet and P&L.

One View... Unlimited Opportunities!

Word travels, and as it has been said, "It's a small world." A firm that is known for timely, accurate, and hassle-free commission and compensation payment has the opportunity to attract the top talent it needs to expand business. This increases advisor loyalty, and productivity, and serves as an outstanding recruiting tool.

View The Solution!
Click on the images to the left to view how easy the Commissions and Compensation Solution is to use.

M&O's integrated enterprise data management solutions provide powerful data collection, integration and consolidation tools for virtually every constituency in a financial service supply-chain. No matter what role you play in your firm's overall success, M&O has a solution that will unleash unlimited opportunities to enhance growth and profitability.