Commission tracking software is a great aid for calculating and monitoring how much sales compensation you owe your staff.
If you have sales reps located worldwide, our multi-currency feature can accommodate their need to see their commission in their local currency. Choose a different currency for each sales rep if required, plus another one for your sales manager who receives overrides.
For each opportunity, you can decide what currency (as well as what base currency) you would like displayed in the opportunity’s details. Different deals can be displayed in different currencies, all within the same system. Your sales manager can then run a report which consolidates all sales into their chosen currency.
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.