San Mateo, CA, December 04, 2014 --(PR.com
)-- As one of the fastest growing insurance agency networks in the industry with affiliate agencies located throughout the United States, Insurance Pro Agencies has teamed up with CellarStone for commission management services. Using CellarStone’s QCommission product, the CellarStone team collects insurance carrier commission reports and process the commission statements for the Insurance Pro Agency network.
Controller Adam O’Reilly described creating the Insurance Pro Agencies business model as follows, “We listened to agency owners across the country and created a contract to reflect what agents want. Providing a real opportunity for financial success and allowing the agency owner to maintain their independence are two of the cornerstones that we built our model around.”
Once established in the marketplace, Insurance Pro Agencies grew rapidly. O’Reilly explained how, “Managing commissions became an overwhelming manual process each month. The process itself was also so complicated that it would be impossible for someone else to step in and take over if needed.” With such a large complex system to work through, mistakes were inevitable. Adam O’Reilly knew that either an error or late payment would crush his business plan. He stated, “The fastest way to lose agents is to not pay them accurately, so our entire business depends on paying commissions accurately and on time, every single month.”
CellarStone retrieves all the insurance carrier statements from the network of insurance providers and imports the information into QCommission using the company’s QXchange.com technology. QCommission quickly calculates the commission for approval by Insurance Pro Agencies. Once the statements are approved, they are either emailed to the reps or available through the QCommission web portal. Most importantly, reps are paid quickly, accurately and enjoy full transaction visibility.
CellarStone’s QCommission solution is a powerful cloud enabled commission plan architecture that allows the definition of almost any kind of sales commission structure. The sales commission agreement can be unique by payee or shared across groups.
With CellarStone managing the commissions, O’Reilly discussed the positive feedback Insurance Pro Agencies received, “The biggest difference from the agent’s perspective is the amount of detail that we are able to provide on the new commission statements. The QCommission statements are literally a spitting image of the actual insurance carrier statements line by line. The option to have CellarStone handle the actual processing of the carrier files was very attractive. It allows me to work ‘on’ the business, rather than being stuck working ‘in’ the business.”
About CellarStone Inc.
CellarStone is a premier solutions firm in the Sales Performance Management arena. CellarStone works with IT, Finance, Human Resources and Sales to manage and implement variable pay and sales commission systems. The CellarStone solutions have been successfully implemented for companies in many industries including: Retail, Banking, Staffing, Manufacturing, Consulting, Investment Management, Insurance, Mortgage and many others. For more information please visit QCommission.com, Qxchange.com and CellarStone.com.
About Insurance Pro Agencies
Insurance Pro Agencies offers qualified agents the opportunity to own and operate an independent insurance agency and get directly appointed with dozens of excellent big name insurance companies. Insurance Pro Agencies have a “turn-key” program that can have you up and running within 30 days.
1650 Borel Place #100
San Mateo, CA 94402
Insurance Pro Agencies
15255 S. 94th Avenue, Suite 410
Orland Park, IL 60462