Release date: February 13, 2023
A key benefit of media planning software is the ability to manage commissions.
MediaPlanHQ provided commission management, but only gross-based commissions.
Users who wanted to use net-based commission had to "game" the system by converting their net-based commission rate into a gross-based commission rate. Thus, a 10% net commission needed to be entered as a 9.09090909% gross commission.
With this release, you can now define the commission type and rate without doing the conversion.
Also, you can define a default commission for each organization.
This gives you the flexibility to use different commission types per client.
Let's see how it works...
Existing users: The commission feature is an opt-in feature - it must be activated in the Administration module. If it's activated in your account, your commission type and all media insertions are still in gross-based commission type. Gross-based is the default commission type. This new feature allows you to change the commission type, and change it for future media insertions.
Changing commission type
When the commission feature is enabled in your account, you can now select the commission type on top of the commission rate and commission cost in the Media Insertion form:
Gross-based commission calculation
When using the gross-based commission...
The commission cost is calculated based on the total client cost:
$ 1,176.47 (#1) x 15% (#2) = $176.47 (#3)
The net cost is the subtraction of the Total client cost and the Commission cost:
$ 1,176.47 (#1) - $176.47 (#3) = $1,000.00 (#4)
Net-based commission calculation
When using the net-based commission...
The commission cost is calculated based on the net cost:
$ 1,000.00 (#5) x 15% (#6) = $150.00 (#7)
The Total Client Cost is the sum of the Net Cost and the Commission cost:
$ 1,000.00 (#5) + $150.00 (#7) = $1,150.00 (#8)
Defining default commission
Account default commission
You can now define the default commission type and rate used by your account in the Administration>My account module:
Organization default commission
Additionally, you can define a default commission type and rate on the specific organization in the Organizations module:
When selecting a single organization in the Media insertion form, the system will automatically set the commission type/rate to:
- The default commission of the organization when defined, otherwise
- The default commission of the account.
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That's it ! We hope you'll enjoy Net-based Commission Type.
Give it a try and let us know what you think !
As always, don't hesitate to send us your great feedback or other ideas for new features !
Have a great day,
The MediaPlanHQ team
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