
Commpay automates commission calculation and remuneration management for financial advisory firms, wealth managers, and insurance businesses. It reconciles complex adviser payments from provider statements, handling the tiered, split, and recurring commission structures that IFA and financial advisory businesses need to manage compliantly and accurately. The platform maintains an FCA-compliant audit trail for regulated payment activity.
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Commission income and adviser payments from Commpay post to AccountsIQ automatically, removing the manual reconciliation of complex multi-adviser structures that would otherwise require significant finance team time. IFA firms benefit from Commpay's structured commission data being posted to the correct nominal codes in AccountsIQ.
This integration is suited to IFA firms, wealth managers, and insurance businesses that use Commpay to manage adviser remuneration, and need commission income and payments to flow correctly into AccountsIQ. It is most relevant for businesses with multiple advisers and complex commission structures where manual reconciliation is a significant monthly overhead.
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Commpay automates commission calculation and remuneration management for financial advisory firms, wealth managers, and insurance businesses. It reconciles complex adviser payments from provider statements, handling the tiered, split, and recurring commission structures that IFA and financial advisory businesses need to manage compliantly and accurately. The platform maintains an FCA-compliant audit trail for regulated payment activity.
