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--- broker_commissions_process [2019/03/04 20:37] – lisa.maloney
+++ broker_commissions_process [2025/09/03 16:55] (current) – tina.robles
@@ Line 1: / Line 1: @@
 **__Broker Commissions Process__**
-Within GoSimple, the client has the ability to build and maintain their Broker Commission contracts.  Plus, on a timed basis such as monthly, the GoSimple system can produce backup per Broker Commission contract showing what is owed to the broker that month.  There are 5 steps to maintain this whole process:
+The TELUS TPM platform provides comprehensive broker commission management capabilities, enabling clients to establish, maintain, and execute broker compensation programs with full automation and audit trail functionality. The system facilitates end-to-end commission processing, from relationship configuration through payment documentation and distribution.
+**Strategic Business Value**
+__Automated Commission Processing:__
+  * Efficiency Enhancement: Streamlined monthly commission calculations and reporting
+  * Accuracy Assurance: Systematic processing reduces manual errors and ensures consistent application of commission structures
+  * Audit Compliance: Complete documentation and backup generation for financial reconciliation and regulatory requirements
+__Relationship Management:__
+  * Comprehensive Tracking: Complete visibility into broker-distributor relationships and associated commission structures
+  * Performance Analytics: Detailed reporting on commission payments and broker performance metrics
+________________________________________
+__Five-Phase Process Framework__
+**Phase 1: Broker-Distributor Relationship Administration**
+Objective: Establish and maintain foundational business relationships and commission eligibility parameters
+Key Activities:
+  * Relationship Configuration: Define and document broker-distributor partnerships and authorization structures
+  * Eligibility Management: Establish commission qualification criteria and performance requirements
+  * Hierarchy Maintenance: Configure organizational structures and reporting relationships
+**Phase 2: Contract Development and Configuration**
+Objective: Create comprehensive commission agreements with detailed terms, rates, and performance criteria
+Key Activities:
+  * Contract Creation: Develop broker commission agreements with specific terms and conditions
+  * Rate Structure Definition: Establish commission percentages, tiers, and calculation methodologies
+  * Performance Metrics: Configure key performance indicators and qualification thresholds
+**Phase 3: Sales Data Integration and Validation**
+Objective: Ensure accurate and timely data flow for commission calculation processes
+Key Activities:
+  * Data Transmission: Systematic upload and integration of sales performance data
+  * Validation Processes: Quality assurance and accuracy verification of sales information
+  * Data Reconciliation: Alignment of sales data with commission contract parameters
+**Phase 4: Monthly Commission Processing and Approval**
+Objective: Execute automated commission calculations and obtain necessary approvals for payment authorization
+Key Activities:
+  * Automated Calculation: System-generated commission computations based on sales performance and contract terms
+  * Review and Validation: Quality assurance review of calculated commission amounts
+  * Approval Workflow: Formal approval process for commission payment authorization
+  * Exception Management: Resolution of calculation discrepancies or unusual circumstances
+**Phase 5: Documentation and Payment Distribution**
+Objective: Generate comprehensive backup documentation and facilitate payment processing
+Key Activities:
+  * Backup Generation: Creation of detailed commission statements and supporting documentation
+  * Payment Processing: Coordination of check generation and distribution to brokers
+  * Record Maintenance: Comprehensive documentation for audit trails and financial reconciliation
+  * Stakeholder Communication: Distribution of commission statements and payment notifications
-  - Administer the Broker to Distributor Relationship
-  - Build Contracts
-  - Send Sales Data
-  - Run monthly Commission Process & Approve
-  - Send backup and check to Broker
 -----
@@ Line 15: / Line 74: @@
 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
+__Configuration Methodologies__
-  - 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.
-  - Tell us directly in the sales feed on each line.  This is preferred.
-Brokers themselves come in via the Company feed or the client enters them manually via the Admin tool.
+**Method 1: Visibility Feed and Administrative Tool Configuration**
+Implementation Approach:
+  * Broker Identification: Define authorized broker entities within the system
+  * Distributor Assignment: Establish distributor portfolios under each broker's responsibility
+  * Administrative Control: Utilize system administrative tools for relationship configuration and maintenance
+Business Application:
+  * Centralized Management: Single-point configuration for comprehensive relationship oversight
+  * Organizational Structure: Clear definition of broker territories and distributor assignments
+**Method 2: Broker-Distributor Assignment Management**
+Implementation Approach:
+  * Ownership Tracking: Systematic documentation of broker-distributor ownership relationships
+  * Temporal Management: Comprehensive start and end date tracking for relationship lifecycle management
+  * Dual Configuration Options:
+  *   * Automated Data Feed: Systematic relationship management through integrated data feeds
+  *   * Manual Administration: Direct relationship management via administrative interface
+Business Application:
+  * Historical Tracking: Complete audit trail of relationship changes over time
+  * Flexible Management: Support for both automated and manual relationship administration
+  * Performance Analytics: Enhanced reporting capabilities through detailed relationship documentation
+Reference Documentation: Comprehensive guidance available in broker-distributor assignment documentation
+ -   See [[broker_distributor_assignment|]] for more information.
+**Method 3: Direct Sales Feed Integration (Recommended)**
+Implementation Approach:
+  * Transaction-Level Assignment: Broker identification specified directly within individual sales transaction records
+  * Real-Time Accuracy: Immediate relationship recognition at the point of sale
+  * Dynamic Configuration: Relationship determination based on actual sales activity
+Business Application:
+  * Precision Accuracy: Eliminates relationship mapping errors through direct transaction-level identification
+  * Operational Efficiency: Streamlined processing without requiring separate relationship maintenance
+  * Data Integrity: Enhanced accuracy through source-level relationship specification
+System Recommendation: This methodology represents the preferred approach for optimal accuracy and operational efficiency
 -----
 **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 TELUS.**
+-----
+**Step 4: Run monthly Commission Process & Approve**
+The commission processing system leverages established broker-distributor relationships and predefined payment schedules to generate comprehensive commission reports and facilitate accurate payment calculations for broker compensation programs.
+________________________________________
+**Commission Calculation Methodology**
+__Data Integration and Processing__
+Sales Data Aggregation:
+  * Scope: System retrieves all distributor sales transactions linked to designated broker contractees
+  * Filtering Criteria: Data extraction limited to products specified within active commission contracts and applicable timeframe parameters
+  * Relationship Validation: Processing utilizes established broker-distributor linkages to ensure accurate attribution
+Contract Alignment and Calculation:
+  * Payment Schedule Integration: Commission calculations execute according to predefined payment schedule configurations
+  * Contract Matching: Sales data systematically compared against contract terms, rates, and qualification criteria
+  * Commission Computation: Automated calculation of commission amounts based on sales performance and contractual obligations
+__Report Generation Framework__
+Broker-Specific Reporting:
+  * Individual Broker Reports: System generates dedicated commission reports for each broker entity
+  * Comprehensive Sales Summary: Reports include complete sales activity for all associated distributors within the specified period
+  * Commission Analysis: Detailed breakdown of commission calculations, including applicable rates, volumes, and total amounts owed
+Performance Analytics:
+  * Monthly Sales Aggregation: Complete compilation of distributor sales performance under each broker's portfolio
+  * Contract Compliance Verification: Systematic validation of sales data against contract terms and conditions
+  * Commission Reconciliation: Detailed documentation supporting calculated commission amounts
+________________________________________
+**Review and Approval Workflow**
+__Client Review Process__
+Earnings Documentation:
+  * Comprehensive Reporting: Detailed earnings spreadsheet generated for client review and validation
+  * Supporting Documentation: Complete backup materials including sales data, calculation methodologies, and contract references
+  * Quality Assurance: Systematic review capabilities to ensure calculation accuracy and contract compliance
+Approval Framework:
+  * Client Authorization: Formal client review and approval process for commission payments
+  * Exception Management: Systematic handling of discrepancies or unusual circumstances requiring additional review
+  * Documentation Trail: Complete audit trail of approval decisions and supporting rationale
+**Business Value and Benefits**
+Operational Efficiency:
+  * Automated Processing: Streamlined commission calculation reduces manual effort and processing time
+  * Accuracy Enhancement: Systematic data processing minimizes calculation errors and ensures consistency
+  * Scalability: Automated framework supports growing broker networks and increasing transaction volumes
+Financial Accuracy:
+  * Contract Compliance: Systematic validation ensures commission calculations align with contractual obligations
+  * Audit Support: Comprehensive documentation supports financial audits and regulatory compliance requirements
+  * Reconciliation Facilitation: Detailed reporting enables efficient financial reconciliation processes
+Stakeholder Communication:
+  * Transparent Reporting: Clear, detailed commission statements for broker communication
+  * Client Oversight: Comprehensive review capabilities for client approval and validation
+  * Performance Visibility: Enhanced visibility into broker performance and commission trends
+-----
+**Step 5: Cut check and send backup to Broker**
+__Post-Approval Payment Execution__
+**Claims Generation and Processing**
+Automated Claims Creation:
+  * Approval Trigger: Upon receipt of client authorization for commission payments, the system automatically generates corresponding claims records
+  * Payment Integration: Claims are systematically incorporated into the next scheduled payment file transmission to the manufacturer
+  * Documentation Inclusion: Comprehensive backup documentation accompanies all payment files to support payment authorization and processing
+**Payment File Transmission**
+Manufacturer Distribution:
+  * Systematic Processing: Payment files transmitted to manufacturer according to established payment schedules and protocols
+  * Supporting Documentation: Complete backup materials included to facilitate payment processing and validation
+  * Quality Assurance: Systematic verification of payment file accuracy and completeness prior to transmission
+__Client Payment Processing and Distribution__
+**Payment Authorization and Execution**
+Client Payment Responsibilities:
+  * Payment Processing: Client processes approved payments based on transmitted payment files and supporting documentation
+  * Check Generation: Client executes payment distribution through appropriate payment mechanisms
+  * Quality Control: Client validation of payment amounts and recipient information prior to distribution
+**Broker Communication and Documentation**
+Backup Documentation Distribution:
+  * Individual Broker Packages: Client receives detailed backup documentation for each payment recipient
+  * Commission Statements: Comprehensive documentation supporting each broker's commission calculation and payment amount
+  * Distribution Facilitation: Documentation packages enable client to provide detailed commission statements to respective brokers
+__Process Benefits and Controls__
+**Operational Efficiency**
+Streamlined Processing:
+  * Automated Workflow: Systematic progression from approval to payment file generation
+  * Integrated Documentation: Complete backup materials generated automatically with payment files
+  * Reduced Manual Effort: Automated processes minimize manual intervention and processing time
+**Financial Accuracy and Compliance**
+Payment Validation:
+  * Approval Verification: Systematic confirmation of client authorization prior to payment processing
+  * Documentation Integrity: Complete audit trail from commission calculation through payment distribution
+  * Reconciliation Support: Detailed backup documentation facilitates financial reconciliation and audit processes
+**Stakeholder Communication**
+Transparent Documentation:
+  * Comprehensive Reporting: Detailed commission statements and supporting documentation for all stakeholders
+  * Client Oversight: Complete visibility into payment processing and distribution activities
+  * Broker Communication: Detailed documentation enables effective communication of commission calculations and payments
+This comprehensive payment processing framework ensures accurate, efficient, and transparent broker compensation distribution while maintaining complete documentation and audit trail capabilities throughout the entire payment lifecycle.
+-----
+**Reporting**
+__Advanced Analytics Capabilities__
+The Tableau Broker Commission Reports platform provides comprehensive analytical capabilities for examining commission data across multiple business dimensions with interactive dashboards and customizable reporting views.
+**Key Analysis Dimensions**
+Performance Analytics:
+  * Broker Analysis: Individual and comparative broker performance metrics
+  * Distributor Reporting: Commission generation by distributor partnership
+  * Temporal Analysis: Monthly performance tracking and period-over-period comparisons
+  * Product Intelligence: Product-level commission analysis and portfolio optimization
+  * Financial Validation: Allowed amount tracking and payment reconciliation
+**Business Benefits**
+Strategic Decision Support:
+  * Data-driven insights for performance optimization
+  * Trend identification and market opportunity analysis
+  * Informed resource allocation and territory management
+Operational Excellence:
+  * Real-time performance monitoring and exception identification
+  * Quality assurance for commission calculations
+  * Transparent reporting for all stakeholders
+This analytics platform transforms commission data into actionable business intelligence, enabling informed decision-making and strategic planning across the broker commission program.
+{{:pasted:20190304-210240.png}}
+-----

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