Financial advisors: manage your commissions and analyze your income effortlessly

Excel spreadsheets can have brought us this far, but since the Covid-19 pandemic we have seen an immense increase in technical innovation. Specifically, we are seeing a shift in the way we use cloud-based software in daily life and business.

Mindsets around remote work, technical innovation, digitalization, automation, and even Tik Tok have been challenged harshly over the past two to three years.

Many of us were used to ‘hustling’, commuting and being everywhere at once. Change happened when we realized there had to be a better way to go through life. Enter Zoom calls, work from home, take care of your child when they are sick yourself and prioritize globally living.

The same thing happens for businesses everywhere. Better ways of doing things are popping up every day, and we’d be fools to pass up those opportunities.

Financial advisors, if you’ve ever struggled to calculate your commission and tried to analyze your business earnings, you may have thought to yourself, there must be a better way!

First of all, you are not alone. And second, there is a better way.

Commspace has changed the revenue management game for financial advisors in South Africa since 2006. Whether you are a one-person show or a large corporation, getting a 360 degree view of your revenue and analyzing data has never been more within your reach.

Commspace’s unique software can capture and aggregate all of your commission and expense statements on one platform and use the data to generate insightful and powerful yet easy to understand analytics.

It can also:

  • Match client payments to the financial advisor’s commission and income.
  • Automatically load and classify data to help you make informed decisions.
  • Connect your revenue to your technology stack – Commspace can integrate with your brokerage management system, client database, CRM or accounting software.
  • Manage all the complex commission, bonus and expense allocations for your business.
  • Provide you with insightful reports and analysis of your revenue and business model.
  • Adapt and grow with the unique needs of your business.

Commspace analysis not only shows you an accurate view of your commission and fees, but can also provide you with an in-depth gap analysis of your clients. A gap analysis can show you where your services may be lacking for specific customers and help you instantly identify which customers may be eligible for some of your other products or services.

If you are a financial advisor in the life, investment, health, short-term and employee benefits sectors, this software is for you. Commspace provides specialized services commission management and revenue analysis for all of these industries and may be the answer you are looking for to make your life easier.

Integration

Even the onboarding process is simple, fast and precisewith just three steps before you have access to all the information you need:

  1. We do the analysis, configuration and data loading to get you started, with minimal effort required on your part.
  2. Effortlessly download commission statements from vendor or get commission data automatically via Commspace DataFlow.
  3. Specify once how we should handle any new business to enable automatic commission tracking and splitting.

Commspace is a 100% cloud solution, so your information is always available, wherever you go.

There’s a better way to run your business.

Commspace breaks down boundaries and speeds through to reach new heights. One of the company’s longtime employees, Amanda de Bruyn, said it best: “We never do anything great.”

About Communications space
Communications space was founded in 2006 by Johan Vosloo, who started on his own for a few years. Since then the company has grown into a great place to work with over 20 employees. The secret to business success is having a passion for solving problems and making a difference in people’s lives by doing so.

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