Commission Workflow Automation System
This system simplifies and automates the tracking of commissions and the management of contracts among participants. It allows users to invite guest participants to contribute leads, which are then assessed and approved by paid users. Once a deal is closed, guest users can submit an invoice, which is reviewed and marked as paid within the application by the paid account.
The aim is to streamline the process, reduce errors, and ensure timely payments.
Challenges
Commission Tracking: Tracking commissions across various deals is difficult & prone to errors, as it was manually managed earlier, and it delays in payments, and potential disputes among participants.
Commission Agreements: Establishing clear and consistent commission agreements is challenging, leading to misunderstandings and conflicts.
Client Acquisition: Finding clients (buyers) is challenging; freelancers wish to promote their deals.
Invoicing Efficiency: The manual invoicing process was inefficient and time-consuming.
Solution
Automate Commission Tracking: We implemented a centralized system that automatically tracks commissions across all deals. This ensures accurate and transparent record-keeping, minimizes errors, and provides real-time visibility into commission earnings for all participants.
Standardized Commission Contracts: We introduce a feature to generate pre-established commission contracts for each deal type that helps in setting expectations, reducing disputes, and fostering trust among all parties involved.
Deal Promotion: We empower participants to promote their deals effectively within the platform facilitating proactive marketing efforts and accelerating deal discovery and closure.
Simplified Invoicing: We Simplify the invoicing process within the platform, ensuring quicker payment processing and improved cash flow management.
