Sales compensation software is a great aid for calculating and tracking how much sales compensation you owe your staff.
Our Delayed Payment feature allows you to schedule your commission payments for the period that suits your unique situation. If you want to pay one month, two months or more after commissions have been ‘earned’, you can use this feature to set it up automatically.
The reports generated for you in Commissionly will accordingly then reflect the payment date that you want.
Excellent product, will save huge amounts of time on calculating commissions, allows me to set targets for my team that they can see at a glance.
Source: Capterra Reviews
Advantages of Sales Compensation Software
Commission management software is an essential component of sales planning that makes the process of tracking commissions less of a burden. Sales managers will, therefore, spend less time disbursing commission to their sales representatives.
Managing commissions using commission management software directly motivates the sales team. The software allows them to monitor their earned commission from their devices at any time.
Real-time access to data, increasing the efficiency and accuracy of the process of calculating and paying out commissions.
A commission management software will ensure that the payment of commissions process is smooth and automatic, minimising errors and ensuring the sales representatives are paid on time.
Still using Excel to calculate your commissions?
If you’re currently using a spreadsheet to calculate commissions, and you’d like a simpler, more efficient way to manage sales performance, why not consider Commissionly?
You can even benefit from a free trial with a demonstration on how to improve your sales performance management. With a host of other powerful features, like sales territory management, sales quota management and sales objective management, you’ll soon find yourself wondering how you ever managed with a simple spreadsheet.