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--- broker_commissions_process [2019/03/04 20:37] – lisa.maloney
+++ broker_commissions_process [2024/08/08 15:56] (current) – tina.robles
@@ Line 15: / Line 15: @@
 There are three ways to build the broker/distributor relationship:
-  - Via visibility feed or Admin tool.  Here you’d tell GoSimple what brokers you use and what distributors each of those brokers are responsible for
+  - Via visibility feed or Admin tool.  Here you’d tell GoSimple what brokers you use and what distributors each of those brokers are responsible for.
-  - Using Broker/Distributor Assignment, track what broker owns each distributor and ability to track start/end dates.  There is a data feed to auto manage this, or the Admin tool to manually manage.  See [[broker_distributor_assignment|]] for more information.
+  - Using Broker/Distributor Assignment, track what broker owns each distributor with the ability to track start/end dates.  There is a data feed to auto manage this, or the Admin tool to manually manage.  See [[broker_distributor_assignment|]] for more information.
   - Tell us directly in the sales feed on each line.  This is preferred.
@@ Line 25: / Line 25: @@
 **Step 2:  Build a contract with a broker**
-Here you’d pick what broker you’re setting up, what timeframe it’s for, what products/product categories are eligible, what $ or % rate you’re offering the broker.
+Create a contract for a particular broker, timeframe, products/product groupings, and pricing options offered to the broker.  See the section [[setting_up_a_new_contract|]] for specific information on creating contracts.
+Determine if there are any backout/exception rules in place on the contract.
+-----
+**Step 3:  The client sends a daily/weekly/monthly distributor sales file to GoSimple.**
+-----
+**Step 4: Run monthly Commission Process & Approve**
+Based off the payment schedule in the application, the process grabs all lines of distributor sales data linked to the broker contractee for the products on the contract and timeframe and produces a report to show what is owed.   Since there is a link between each broker and distributor, we can now produce a report per broker that shows all the sales for the month for their distributors and bump it up against the contract to show what is owed.  An earnings spreadsheet is sent to the client to review and approve.
+-----
+**Step 5: Cut check and send backup to Broker**
+Once GoSimple receives approval for the payments, claims are generated and included in the next payment file to the manufacturer along with backup so checks can be cut (whether client cuts checks themselves or GoSimple does).  The client will also receive the backup per check so they can send it to their Brokers.
+-----
+**Reporting**
+Ability to see Broker Commission reports that slice and dice the data by broker, distributor, month, product, allowed amounts, etc. via Tableau Broker Commission  Reports.
+{{:pasted:20190304-210240.png}}
+-----

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