A well architected and flexible compensation module that can be easily integrated into existing software is key to a successful sales force. Vast Edge incentive compensation package takes sales data from various existing systems and provides configurations to effectively track and distribute sales commissions. The commissions can be prorated after territory/account reassignments, distributed across sales hierarchy, shared with the channel, calculated differently for net new orders and renewals/subscriptions/usage consumptions, and weighted by order size / target quotas.
Managing complex incentives is a daunting task for businesses. For fast-growing companies, it is a big struggle to maintain manual, legacy or home-grown systems. As these systems lack the flexibility required to model, implement and manage a modern and complex incentive compensation strategy. Your corporate performance strategy and growth is heavily dependent on accurate prediction, administration and tracking variable pay outs. Additional workflow approval module can be integrated to approve sales commissions. The reporting modules include actual sales commission reporting, projected sales commissions, comparison against target quotas, and gross product profitability calculations after distributing commissions.
NetSuite Incentive Management allows businesses to design complex sales commission rules, tracks various revenue-based compensation plans and avoids complicated spreadsheets to save time. It easily combines employees commission to prebuilt sales data and enables salespeople to view their incentive through automated commission reporting.
NetSuite provides an easy-to-use incentive compensation solution to address the challenges of creating and maintaining complex multi-tiered commission plans. NetSuite incentive compensation management lets you quickly deploy sales commission programs aligned with the needs of your business and provides a clear overview of incentives for sales reps.
Salesforce Incentive Management Module empowers businesses to configure compensation plans and commission rules while meeting your unique needs. It leverages quantity and revenue definitions with flexible multi-tier compensation plans to use custom monthly, quarterly and annual quotas. The Salesforce multi-currency quotas and commission deploys multi-currency payments of sales reps and empowers to transact businesses in all currencies. Additionally, it focuses on innovation and achieves unparalleled speed to market with promise to deliver a superior user experience with enterprise-level security.
SAP Sales Incentive software optimizes and deliver compensation plans and to drive profitable behavior and grow revenues while increasing the effectiveness of sales teams. It also maximizes sales performance and bring transparency to business sales to enhance commission ROI and reduce errors.
The SAP sales compensation module enables sales reps to meet high customer expectations and delivers superior performance by increasing seller motivation and healthy sales competition. Moreover, it supports on-board compliance to gain visibility into planning, performance and payments.
Oracle Incentive Compensation Application motivates customer sales while allowing organizations to explore the components of incentive commission plan, and manipulate them to achieve spectacular outcomes. It automates the design, administration and analysis of transactional pay for performance incentive programs. The universal variable compensation software leverages sales incentives to business objectives to motivate sales reps, 3rd party representatives, customers, resellers and partners through incentive insight.
QuickBooks Incentive Sales Compensation module calculates sales commissions, tracks actual invoices and payments and ensures sales reps are paid to right commission. Also, synchronises desktop data in-minutes and leverages an online incentive dashboard to check credits and verify pay-outs. The QuickBooks crediting and calculating engine creates sales incentive plans, runs commission plans, view incentive dashboard and generates commission reports.
Sophisticated Commission Rules: The commission can be calculated based on a linear scale, a marginal scale, a target factor or no scale at all. While a linear scale uses the total value of the order, the marginal scale allows portions of the order value to determine the payment. With the target factor, a linear scale is used to set a single schedule to allot a percentage.
Set up for Split Commissions: Enables to determine the payout for each team member and split commissions between multiple sales individuals involved in the transaction based on their contribution percentage in the sale.
Adaptable Commission Approval Processes: Ability to provide manual rides during the commission approval process, credit or debit towards the next pay cycle to handle the over and underpayments and start of commission calculations after the approval of sales order all make the commission approval process flexible and adaptable.