Agreements- Commission: Plan

Last Updated: December 2024

Applies to:

Shippers, Brokers, Carriers, and Partners

Common Scenario(s)/Challenge (s):

Solution Overview:

Commission Agreements offer a structured solution for a complex yet vital area of the business. G2Mint streamlines any commission scenario you may encounter, automating the process and significantly reducing the time spent on manual calculations. We provide customizable templates that can be assigned to specific accounts or agents, accommodating various commission methods such as percentage-based, fixed dollar amounts, revenue-based, activity-based, and Trickle-Down commission plans. Additionally, you can establish payment terms that suit your needs, whether weekly, monthly, quarterly, or annually. Our application enhances transparency and efficiency in managing financial compensation for all stakeholders in the transportation process, including brokers, co-brokers, agents, and other involved parties. You can save and reuse commission templates when setting up new agreements and easily link them to existing templates during the process.

Step by Step: 

Create a Commission Agreement:

• Select “Agreement” on the left Navigation bar

• Select “Commission”
• Select “+ Create New”
• Select “Commission Agreement”
• Enter “Agreement Information” (Account Name, Owning Account and Effective Date are required.  Selecting a Client Account is dependent on specific agreements)
• Set “Commission Triggers”
• Triggers can be initiated by Client Invoice Status and/or Carrier Bill Status
• If applicable, link Commission Agreement to an existing, specific Freight Agreement by sliding toggle switch on 
• Select “Next”
• Select “Link an existing Commission Template” if desired and Add Agents (if there is not a template used, next steps will create the Commission Agreement.  Note: Utilizing a Commission Template here is a recommended method to save time for future Agreements

 Create Rate plan name and description

• Select Modes from dropdown
• Select Rate Tiers
• Accounts Rate plan
  • The Accounts Rate Plan is utilized when an agents commission is dictated by a commission pool
    • Example 1- Sale brings $200 profit.  50% of my profit is commission eligible.  In this example, $100 goes into the commission pool.  This is a percentage of profit example.
    •  Example 2- Every sale allows for $500 into the commission pool.  That $500 then gets distributed/divided by the team.  This is a fixed amount example. 
• If Accounts Rate plan is not required, select Skip Account Level button
• Agents Rate plan
  • Select Rate plan activity and Agent Name as desired.  Both fields are not required to create a Commission Agreement, however, we recommend that each plan is designed to be as specific as possible.

• Determine if Charge Type is % of profit or a Fixed Amount
• Add as many Activities and/or Agents as required per this agreement 
• Ensure Status is set appropriately (In Production is the status that will make the plan active immediately)