CommissionTrac

CommissionTrac, developed by Yardi Systems, Inc., is a real estate commission management software designed for brokerages and leasing teams. According to the vendor, this software streamlines the commission management process by replacing manual spreadsheets with digital pipeline tracking and deal vouchers. CommissionTrac is targeted at pure brokerages and the brokerage divisions of full-service companies, catering to professionals in the real estate industry, including real estate brokerages, leasing teams, commercial real estate professionals, residential real estate professionals, and property management companies.

Key Features

Deal vouchers: According to the vendor, CommissionTrac centralizes all deal data, documents, invoice dates, and commission splits in one place, aiming to eliminate the need for spreadsheets and ensure accurate tracking through digital pipeline management.

Commission invoices: The vendor claims that CommissionTrac automates the generation and sending of invoices using customizable templates, simplifying the invoicing process. It also provides easy tracking of invoices and monitoring of due dates.

Distribution calculations: CommissionTrac aims to automate even complex commission distributions, including tiered split plans, overrides, bonuses, and outside agents, according to the vendor. This feature is designed to ensure accurate calculations and timely payments.

Streamline your back-office with automated operations workflows: The vendor states that CommissionTrac organizes all transactions into digital vouchers containing deal data, commission splits, invoice dates, and key metrics. This feature aims to simplify operations and enhance efficiency with a dynamic real estate commission tracking software.

Configure approval workflows: CommissionTrac allows users to set up approval workflows with ease, according to the vendor. This feature enables seamless management of commission-related processes and can be customized to suit specific brokerage needs.

Custom branded invoices: According to the vendor, CommissionTrac enables users to effortlessly create and send custom branded invoices, enhancing their professional image. The software also allows for the download of PDF versions of invoices for easy sharing and record-keeping.

Distribution engine: The vendor claims that CommissionTrac includes a distribution engine that automatically calculates even the most complex commission splits, including tiered plans and manager overrides. This feature aims to ensure accurate and fair distribution of commissions.

Update triggers: CommissionTrac provides preset update triggers to notify agents when invoices are sent out, commission checks are received, and payments are made, according to the vendor. This feature aims to keep everyone informed and up-to-date.

API integration: According to the vendor, CommissionTrac offers a powerful API that allows for integration with other essential software such as Yardi, QuickBooks, and Salesforce. This feature enables users to set up custom integrations to streamline their workflow.

Dashboards and reports: CommissionTrac provides a comprehensive global dashboard that offers a full overview of brokerage financials and agent productivity, according to the vendor. Users can also access a suite of accounting reports, including deposits, payment history, and aged receivables, for informed decision-making.