DMS
Reconciling commission payments
Coping with the never ending flow of information and money into a financial planning business is a perennial challenge for business owners and managers. Being able to reconcile and report on these flows in an accurate and timely fashion is essential to ensure that advisers and staff get paid the right amounts on time.
The DMS Suite enables financial planning groups to manage their business in the way that is right for them and helps groups grow through efficiency, scalability and good information management. Check out details of the DMS solution below.
Dealer Management System (DMS) is a solution to manage the multitude of commission and fee-for-service revenue flows that financial planning back-offices need to deal with. DMS Back-Office provides a comprehensive and flexible solution to process commission payments from an unlimited number of providers, reconcile data against payments, allocate payments to planners based on flexible remuneration criteria. DMS Adviser Online provides a comprehensive web site to allow representatives to report on their revenues, lodge expected future revenue and track missing or misallocated payments. DMS fully supports fee-based models including calculation, billing, and collection of fees-for-service.
