New Commission Template

Note: This update represents only a portion of the AMS360 24R2 release. Please navigate to AMS360 2024 R2 Release Notes to review other enhancements and fixes that were part of this release.

A new commission template feature allows users to assign predetermined employee commissions across many policies without having to make manual updates.

Previously:

• Employee commissions were applied to invoicing based on either a predetermined employee setup, or by manually adding negotiated commission on the policy.

• With employee commission defaults, renewal commissions could only be defined for a single renewal term, rather than for multiple terms.

• There was no previous way to assign an employee commission based on a specific business unit.

With this release:

• Templates will now allow employees to receive different commissions over multiple renewal terms.

• Employees can receive only a percentage of their default commission with the new commission method - % Employee Default.

• Employees can be assigned an employee commission based on a specific business unit.