Commissionly

Commissionly was founded in 2018 by Martin Baker and Patrick McCarthy. With 25 years of experience in business and advising SMEs, Baker, along with McCarthy, initially envisioned a simple, self-serve tool for small companies. The company developed a cloud-based sales commission and compensation management software designed to automate and streamline the process of calculating and distributing sales commissions.

The platform serves the payments and insurance industries, offering tools for commission processes and financial management. Its features include automated commission calculations, the ability to configure agent splits for each MID, and a CRM with residual commission capabilities. The software is designed to help businesses reduce costs, save time on administrative tasks, and increase sales.

In a significant milestone, Commissionly was acquired by Fullcast, a RevOps platform. This acquisition integrated Commissionly's commission tracking and compensation planning tools into Fullcast's platform, enabling customers to align sales plans with commission payouts.

Keywords: sales commission, compensation management, commission tracking, payment processing, agent splits, financial management, RevOps, commission calculation, business payments, insurance commissions