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Core commission reconciliation functionalities on salestar connect ensure telecom industry success
Feb 25, 201111:20 PM
What sets the telecom industry apart from any other industry in the world is the complicated management of commissions. Commissions from networks, distributors and retailers provide a complicated minefield that can destroy even the most well planned telecom business. This is where salestar™ connect comes in – with over a decade as the leader in software solutions for telecom distributors and resellers – the salestar™ connect system ensures that telecom businesses are saved the processing nightmare of commissions by delivering a completely automated, 100% risk free solution to manage expected, paid and pending commissions.
The complications faced when managing commissions is the vast volume of items that need to be managed – this is especially true for distributors managing dealer commissions as well as expecting commissions from networks. With salestar™ connect each dealer account is managed individually – allowing the business to identify payments made, commissions owed and the balance to be paid. It also allows for excess payments to be recovered through claw backs and contra payments – ensuring that the business does not maintain a running overpayment and that any errors are corrected quickly and transparently, ensuring that all parties are informed of the current balance in real time.
The salestar™ system also provides comprehensive commission reconciliation statements – functioning much like a bank statement - this report provides a real time view of commissions owed, expected, received and paid. Making it quick and efficient to identify payment errors and correct them, while providing complete security and visibility of any discrepancies even when payments have been made by batch.
The software also provides for taxation complications with the self bill feature; allowing the distributor the opportunity to create invoices on behalf of dealers for taxation purposes – this bill enables distributors to ensure that tax paid is based on actual payments and devoid of discrepancies – ensuring accuracy and legal compliance.
