Once the settlement process begins, the system can look at the payables and the receivables to determine what commissions will be paid. Commissions often are distributed among multiple parties based on their role in the brokerage process. Quite often account managers, operations personnel, and other parties share in the profits. The percentages typically vary and the different parties are rewarded for the work they did to win the business. The customer profile determines how commissions are calculated.
Commissions are determined by the margin generated at whatever point in the process your company desires. The "Vendor Invoice" section (shown below) shows a breakdown of the commission amounts as designated by the customer's profile.
Determines Carrier Payments and Customer Invoices
As invoices come into the TMS they are attached to loads. If the invoice is within your designated variance, general ledger codes can be automatically applied to the charge-level detail and the payable and receivables sent to accounting for processing. If the invoice amount is not within tolerance, the invoice is presented to a user for resolution. Once approved, any variations to the original payable are then processed as designated in the customer profile, allowing the charge to be absorbed, passed-through, or uplifted as desired. The charge to the customer depends on the process for the client, but could be added to their current invoice or passed on as a supplemental invoice.
The Invoice reconcile screen highlights in red the differences on the invoice to the original quoted/rated amounts. Once user approves any changes, the system can automatically adjust receivables, commissions, etc. as designated in the customer’s profile.