If you have recently opened a small business, or you have been managing a business for a while, you may be trying to calculate commission payments yourself to keep your company expenses low. Although you may think you are doing the right thing for your company, you may be doing more harm than good. Below we explain why you shouldn’t try to calculate commission payments yourself…
1. You are taking time away from your work
Calculating commission payments is a very time-consuming task and requires a high level of concentration. Think of the hours you spend calculating the commission of your sales reps, and think about how you could better spend this time. For example, you could use this time to reach out to new clients or develop new sales strategies.
2. No one is exempt from human error
Even if you have fantastic financial skills and are experienced in organising commission, you may still make mistakes. Human error is often inevitable and can occur when you are trying to rush to meet a deadline or finish a task quickly. Paying a sales rep too much or too little commission can make them feel undervalued and unstable in your company, so commission calculation mistakes should be avoided at all costs.
3. You may not be able to manage your commission process for much longer
You never know when a company may suddenly grow, and you may find that your sales team is multiplying faster than you anticipated. Instead of drowning in commission calculations, ensure you have scalable commission software in place that will be easily able to handle the rapid growth of your sales team.
Interested to learn more about commission software?
If you think your company could benefit from commission software, do not hesitate to contact Commissionly. We can help your company reach its true potential by providing elite commission software that will keep your sales team motivated without consistent intervention. Contact us today to learn more about our commission software!