Commission EDI

Commission EDI, when used with commission reconciliation software or services, can be used to enable you and your firm to easily and quickly calculate the commission paid during the year.  And as the FSA collect commission information, this can assist you to supply this information for regulatory and taxation purposes.  

You can also monitor the level of commission income by provider, helping you to become aware of the level of commission from any particular provider enabling you to take any necessary mitigating action necessary for your business.