Master agent Tradewinds has launched a commission advance program for its sales agents in Australia, along with the AnticiPAY companion software application.
The program gives partners an advance on their commission to help finance any expansion plans, marketing campaigns, buying leads, hiring more salespeople or other initiatives to help grow their business.
AnticiPAY helps to analyse the makeup of a partner’s commission and determine the amount that can be advanced, and automates the calculation process.
The program calculates the advance amount based on a partner’s commission stream from the vendor depending on the strength of the contract and revenues, and the length of the contracts. The maximum amount that can be awarded is up to ten times the monthly commission, while the interest charged is also automatically calculated through AnticiPAY.
The program was first launched in 2015 by parent company Telarus LLC, as the Telarus Commission Advance program. AnticiPAY was launched in April this year (2019).
Tradewinds ANZ regional vice president Tony Heywood told CRN the scheme had to be evaluated for a six month period before being brought to Australia.
“I waited a bit [to bring the offering to Australia] to make sure that everything works, that it’s accessible information that we can do things with a partner in Australia, and we’re confident that all the Ts have been crossed and the Is are dotted,” Heywood said.