Ascent One – Easy Commissions
Ascent One – Easy Commissions has been selected as an ABA100® Winner for Product Innovation in The Australian Business Awards 2022. The Australian Business Award for Product Innovation [PIA] recognises products and services that provide innovative solutions for business and market needs.
Ascent One is a cloud-based suite of online applications specifically designed for the education sector. Our award-winning solutions help education institutions manage their Agent Network, Admissions and Marketing in a cost and time efficient manner.
We transform and streamline the way education institutions work. Until now, institutions needed a host of different solutions to address challenges across different management areas such as Admissions, Marketing and Agent Network. With Ascent One, our clients have a single integrated platform that does it all.
“At Ascent One, our team is constantly innovating new products and technologies to address the changing needs of the education industry. Our mission is to let our clients do more in less time and with lesser resources, so that they can do more of what they want to do and enjoy life.
“We are pleased to accept the ABA100 Australian Business Award 2022 for Product Innovation for our product Easy Commissions. The award recognises our team’s efforts to fill in the gap that the industry has had for decades now. Easy Commissions takes the hassles out of the commission processing workflow and save our clients a significant amount of time. Education providers can now process and pay commissions faster than ever before to their agents globally.”
Built by industry experts, Easy Commissions strikes the perfection in functionality, flexibility, and efficiency. The technology innovation enables all education providers to process and pay commission seamlessly across their agent networks.
Easy Commissions is a part of the Agent Management suite of products available at Ascent One. The product is developed to remove the complications associated with agent commission payments and simplifies the process for users to save time and associated costs. The product is currently used within the Australian University sector inclusive of members from the prestigious Group of 8 Universities, comprising Australia’s leading research-intensive universities. Processing of commission payments is traditionally a manual, cumbersome, and tedious process, involving 3 main areas such as Agents, International Office, and the Finance department. i.e., an International Offices issue the list of students eligible for commission, agents confirm the students on the list, and finance offices process and issue the payment.
Easy Commissions allows education providers to centralise commissions processing into one platform and deliver automation and full customisation to commission payments. The innovative technology provides a platform for education providers to set up and customise their commissions and payments across to their agent network seamlessly. This innovation transformed the manual, administrative and lengthy process of commission payment processing into an automated, fully customised, and centralised procedure and delivers precision commission calculation.
Easy Commissions satisfies all the requirements to process commission seamlessly and efficiently and it includes features which no other product can compare. The solution enables clients with the flexibility to establish commission packages and rules which are not limited to the standard and static processing of commission such as percentage based or flat commissions, tiered remuneration structures, country / course specific incentives, and bonus commissions. The platform also allows clients to include rules such as the timing of processing commissions, split commissions, payment via instalments, and create commissions groups to streamline the processing of payments specific to type, location, and other bespoke categories developed by an education provider.
Using the Easy Commissions provides a number of benefits to the clients: With Easy Commissions customisable and flexible platform, education providers can streamline their entire commission process and centralise the agent commissions structures, bank account details, tax rates, bonuses, and other relevant criteria under one umbrella.
Easy Commissions automates the institutions’ commissions calculations from validating student commissions data to generating invoices, and commissions reconciliation. The platform offers flexible commissions settings which ensures the institutions’ agents receive their commissions in time and in the correct amount. Education agents have 24×7 access to commissions reconciliation, historical and missing commissions, invoices, and commissions status. The platform also allows for the institutions to keep track of their payments for each student to avoid overpayment.
The use of Easy Commissions transforms agent commission management process. It is a seamless technology that removes the need from education providers to engage multiple staff and departments to manually process commissions.
For more information about Ascent One and Easy Commissions, visit ascentone.com/site/institutes/easy-commissions.html