Agent fee – is there one more way?

Agent commission – is there one more way?

Those of us who have been or are involved in agent commission processing and indicator off, know what a headache this can be.

“The strategy was to generate program, bespoke for our marketplace from a spot of encounter”

Two or 3 instances a calendar year, the dreaded reminder that the future numerous times and months will be stuffed with several spreadsheets (that is if you can get the info in 1 piece), a preposterous range of emails, back again and forth concerning brokers, recruitment team and finance and copious quantities of panic of what can and may go wrong.

With the large surge in agent applications and enrolments, this difficulty has developed in magnitude for so several.

Finding in correct

Signing off millions of pounds in commission payments is by no means taken lightly and I experienced certainly been reminded of previous problems, even if they had been not mine. Paying the incorrect volume of fee or the wrong agent is just the tip of the iceberg. Doing the job out the fee stage thresholds, percentage caps, bespoke commissions and investigating any situations of multiple promises, applied to make me want to bury my head in the sand.

On prime of that, the bodily act of sending out confirmed (as I saw it) lists to agents intended a return to playschool. Using display pictures of lists, preserving them onto drives and then emailing them to brokers (and receiving countless bounce backs), meant commission period was likely to be a nightmare, at a time when I had to commence traveling to promote the following consumption.

So, what’s the substitute?

At the College of Central Lancashire, I appeared extensive and challenging for any option to this crucial, but time consuming and demanding component of my task. What I came across was a standalone, cloud-primarily based application which promised to make the system a breeze.

SAMS Fork out was the brainchild of Shamim Sarkar (not my alias!). Shamim experienced been managing an company based mostly out of Sheffield for lots of a long time, next which he begun an edtech business, SAMS International. The strategy was to create program, bespoke for our business from a put of knowledge.

Shamim understood how difficult it was to get compensated by universities, the unlimited negotiations and delays, together with missed commissions. What if universities could make it effortless?

The software program aims to make commission processing transparent, rapidly and correct. And I believe that it does what it suggests on the tin. That’s why I worked with SAMS World wide to put into action the answer at UCLan, prolonged before I knew I was heading to operate for them.

Straightforward to use

The computer software is easy and uncomplicated. Brokers have entry to add lists, universities upload their enrolment report and hey presto, the system tells you who is owing what fee, whilst flagging up all these pupils who did not enrol. The greatest detail is, everyone can see what is going on, with no obtaining to mail a one email as the procedure sends out notifications to all functions at every stage.  Utilizing it, was just as simple and being standalone meant that we had manage.

The most important challenge that I faced, was receiving agents to undertake the new way of functioning. On the other hand, as self-confidence grew, so did engagement.

To find out far more, head to the SAMS Shell out web site and if you are feeling the pain, ebook a demo!

About the author: This is a sponsored article from Shamim Ghani, Revenue & Advertising Director, SAMS World wide. Shamim has more than 20 years’ experience in intercontinental scholar recruitment and joined SAMS Global in 2023 acquiring put in 5 several years as Head of Intercontinental Initiatives at the University of Huddersfield and just about 2 yrs as Associate Director, International Recruitment at UCLan. At the two universities, he was the agent lead and accountable for agent commission processing and indication off.

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