GreenWave Commission review: pricing, statement matching and producer pay
GreenWave works out what each carrier should pay you, checks what arrived and pays your producers through every level of your hierarchy. You can run the software yourself or have GreenWave's staff do the work.
It is built for IMOs, BGAs, GAs and larger life, health and benefits agencies. Every option is priced by quote, starting with a fixed-fee 30-day Discovery on your real statements.
- Best for
- IMOs, BGAs, GAs and larger life, health and benefits agencies
- Price
- Quote only
- Free trial
- No trial. A paid 30-day Discovery runs on your real statements
- Statement intake
- PDF, Excel, CSV, text and XML files
- Splits and overrides
- Percent splits, multi-level overrides and carrier contract levels
- Producer statements
- Emailed pay statements and a producer portal
- Done-for-you service
- Managed Services, priced by quote
Our take
GreenWave fits an upline or large agency with deep hierarchies, many carriers and a payout run every month. The 30-day Discovery is the sensible first step, since it shows what you are owed on your own statements before you commit.
Cost is the first thing to settle. Nothing is priced on its site, and the subscription terms are only in the contract you sign.
Pros
- Reads PDF, Excel, CSV, text and XML statements
- Multi-level overrides with carrier contract levels
- Staff can run reconciliation and payouts for you
- Imports from iPipeline and Ebix agency systems
- Producer portal and QuickBooks payables export
Cons
- No published prices
- No free trial, only the paid Discovery
- Contract terms aren't public
- Several connections are listed by name only
Plans and pricing
| Option | Price | What you get |
|---|---|---|
| PlatformYou run the software | Quote only | Browser-based commission software |
| Managed ServicesGreenWave staff run it for you | Quote only | Reconciliation and producer payouts done for you |
| 30-day DiscoveryA trial run on your statementsA first step before you sign | Quote only | A fixed-fee reconciliation of your actual statements, with results you keep |
GreenWave publishes no prices. The Discovery has a fixed fee, set in the quote.
Good to know before you buy
- Ask for the setup and carrier mapping cost in writing. Neither is published.
- Ask for the subscription term and what you can export when you leave.
Getting started
Book a call
Talk through your carriers, hierarchy and pay rules with GreenWave.
Run the Discovery
GreenWave reconciles 30 days of your real statements for a fixed fee.
Load your grids
Import the commission rate tables you use now, or build new ones, and sync data from your agency system.
Add carriers
GreenWave says a new carrier is usually running within a couple of days.
Onboarding is tailored to each customer. Support runs by phone and email, with a help center.
Statement intake
- File types
- PDF, CSV, Excel, text and XML
- How statements arrive
- Its data service gathers carrier data and puts it in one format
- Carrier layouts
- A published carrier directory lists carriers and their file formats
Matching and missing payments
- Matches on
- Carrier and producer name, then checks the producer's pay arrangement
- Lines it can't match
- A producer name that doesn't match is put on hold
How it finds missing pay
Expected pay comes from your schedules, grids and hierarchy rules. Missing and short payments are flagged, with the gap shown by carrier, product, entity and producer.
What you get back
Exception lists to work, a ranked list of money to recover and month-end figures ready for your books.
Splits, overrides and hierarchy
Splits and overrides
- Percent splits
- Agency overrides
- Multi-level overrides
- Agency bonuses
Hierarchy
An override pays an upline on a downline's sale. It handles complex hierarchies with uplines and carrier contract levels, which are the commission level each agent holds with a carrier. Bring your deepest hierarchy to the demo, since no level limit is published.
Advances, chargebacks and renewals
- Advances
- Pay can be advanced before the premium is earned, or paid out as each premium payment arrives
- Chargebacks
- Entered as adjustments, and can be netted against future payouts
- Renewals
- Separate first-year and renewal schedules
Producer statements and pay
- Statements
- Pay statements that cover several carriers, sent by email
- Producer portal
- Producers see payment history and past statements
- Approvals
- Each payout is checked, approved, posted and sent in steps, by role
- Paying producers
- Payables export to QuickBooks. GreenWave also offers direct deposit and ACH
Done-for-you service
- What staff do
- Reconcile your commissions and process producer payouts
- What you do
- Send your statements. For the Discovery, you keep the results
- Price
- Quote only. The Discovery is a fixed fee
- How long
- The Discovery runs 30 days
Integrations
| Connects to | Type | How | What it does |
|---|---|---|---|
| iPipeline Agency Integrator | Agency system | Import | Brings in carriers, products, agents, cases and hierarchies |
| Ebix SmartOffice | Agency system | Import | Brings in your master data |
| Ebix AgencyWare | Agency system | Import | Brings in your master data |
| QuickBooks | Accounting | File export | Sends payables and adjustments |
| Banks | Payments | Named | Direct deposit and ACH payouts |
Also named: Salesforce, Zinnia, OneHQ, Sage Intacct and Microsoft Great Plains. Ask what data moves and in which direction.
Reports
Reports break results down by carrier, product, entity and producer. GreenWave also builds reports to order.
Security and access
Who sees what
Roles decide who checks, approves, posts and sends each payout. Producers see only their own payment history and statements.
GreenWave Commission alternatives
- Core CommissionsFrom $10 a payee a month, 15 minimumPublished per-payee prices and a pick-your-tasks managed service
- Commission TrackerFrom $67 a monthPublished prices, with a processing service from $187
- CommissionIQFrom $79 a monthSelf-service, with FMO and sub-agency levels
- NextCommissionSolo from $133.33 a month billed yearlyLower cost, with staff who key statements for you
See every option in insurance commission software.
Frequently asked questions
How much does GreenWave cost?
GreenWave prices by quote. The 30-day Discovery has a fixed fee you get in the quote.
Can I try GreenWave?
There is no free trial. The paid 30-day Discovery reconciles your actual statements, and you keep the results.
Will GreenWave process commissions for me?
Yes. Managed Services has its staff reconcile commissions and process producer payouts.
Does GreenWave work with iPipeline or SmartOffice?
Yes. It imports carriers, agents, cases and hierarchies from iPipeline Agency Integrator and master data from Ebix SmartOffice and AgencyWare.
Can GreenWave pay my producers?
It sends payables to QuickBooks, and GreenWave also offers direct deposit and ACH payouts.
How we researched this review. We based this review on the terms and product pages published by GreenWave Commission, reviewed in October 2026, together with our team's experience working with insurance agents and agency owners since 2008.
Corrections
Vendors change their pricing all the time and they don't email us when they do. So if you see a price on here that's gone up, a plan GreenWave Commission quit selling or a contract term that reads different now, let us know and send the link to the page where GreenWave Commission has it. Somebody here pulls up that page and checks it before we change anything on ours.