Sales compensation software is a great aid for calculating and tracking how much sales compensation you owe your staff.
Our matrix commission feature allows you to create commission plans based on multiple variables. It may be that you pay your reps a different rate for different products and that the rate varies again depending on the region in which that product is sold.
This will work for any combination of variables, whether it is a different rate for each customer and each product, a region, product category or reference number.
Commissionly’s matrix allows you to setup a table that is easy to modify and maintain, with these variable combinations in it.
Advantages of Sales Compensation Software:
- SAVES TIME: 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.
- MOTIVATES: 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.
- INCREASES EFFICIENCY: Real-time access to data, increasing the efficiency and accuracy of the process of calculating and paying out commissions.
- MINIMISES ERRORS: 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.