Automating Corrections and Clawbacks

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Hi, I'm Eloise, and today I will show you how EqualTo can automate commission corrections

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and clawbacks.

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When it comes to commissions, changing the past can be painful and time-consuming.

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It often involves manually calculating the corrections and a back and forth between different

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stakeholders to explain the changes.

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One change can sometimes have a knock-on effect and trigger multiple additional corrections,

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for example if you're using a tiered commission plan.

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With EqualTo, you can streamline your commission process by fully automating corrections.

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Now let's take a look at how this works.

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Let's say that you've already processed and paid out this month's commission payroll.

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We can see here, in the reward account of the seller, that we have already issued a

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payout for this month's commission.

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But, let's say that we later find out that there was a mistake in one of the sales.

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The amount of the sale was incorrect.

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Changing the data in your CRM or sales database will automatically update the record in EqualTo,

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but for the purpose of this demo I will make a manual change.

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As you can see, EqualTo automatically re-calculates the result based on the new data that was

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received and immediately issues a correction transaction to the reward account of the seller.

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Going back to the reward account, we can see that EqualTo has instantly applied the booking

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correction.

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The seller's account is now in minus, which means that they will have to pay it back again

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with future commission earned.

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EqualTo is a powerful platform for commission management, and automating corrections is

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only one of its many use cases.

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Please get in touch to book a demo or if you'd like to learn more about how EqualTo can modernize

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your commission process.