The Payment Manager is used to move gross calculations from the compensation process through the payment distribution and account processes to generate ‘net’ earnings and a final payment amount. Features include:
• Task-based, payment processing workflow and administration without custom programming
• Consolidation of all calculated earnings regarding account netting processes
• Post-commission calculation splits, manual adjustments, automated recurring adjustments, commission ‘claw-back’, draw recovery and tax deductions
• Payee account views for
o Compensation Payable (C/P)
o Draws
o Commission Recovery
o Payee Liability (A/R)
o Volume (‘Points’)
• Integrated adjustment management for automated, rules-based, recurring and manual adjustments
• Payment distribution including EFT, batch export to financial systems, SOA interfaces and check printing with detailed statements
• Staging for data export using G/L codes and transaction balancing
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