Financial Management
From contact to contract, the financial functionality in Resort Solutions seamlessly handles commissions and accounting, making often complex financial management tasks far more manageable.

Commission Processing

• Support commission generation and processing for contract sales
  
• Evaluate sales for commissions eligibility based on user-defined business rules
  
• Allow users to create complex structures for the calculation of commissions
  
• Include real-time user-configured performance evaluation for commission payees
  
• Accommodate payee-specific account rules for Advances and Reserves
  
• Restrict transactions based on account status and payee eligibility
  
• Store and display all transactions
  
• Maintain history of transactions for multiple balance types (commissions to be paid, reserves, advances, etc.)
  
• Manipulate factors for commission and volume distribution
  

Accounting and Payment Processing

• Track revenue streams for each business entity within your organization
  
• Support multiple currency accounting
  
• Establish separate ledgers to manage revenue, receivables, and payables
  
• Define your own accounting periods
  
• Process merchant account transactions
  
• Group receivables based on user-defined account aging bands
  
• Support inclusive and exclusive tax structures
  
• Convert transaction amounts based on user-defined exchange rates
  
• Process credit card payments in batch mode
  
• Distribute payments to satisfy outstanding balance(s) within one account or across multiple accounts
  
• Support pre-payments and track unapplied payments
  
• Post revenue to bank accounts automatically when payments are applied to a receivable balance
  
• Configure payment allocation sequences for automatic distribution of payments
  
• Reapply payments
  
• Design payment discount structures
  
• Adjust low balance accounts
  
• Record transactions at the code/sub-code level
  
• Build business policies using an extensive list of business rules
  

Maintenance Fees

• Set up maintenance fees and associate to product inventory
  
• Associate maintenance fees with inventory on a contract
  
• Assess and bill maintenance fees
  
• Perform special assessments
  
• Assess late fees and interest
  
• Create statements
  
• Create new maintenance fee accounts or link new contracts to an existing account