The software for Commission tracking automates the commission calculation, monitoring, and performance-based compensation process. Sales departments have used long commissions to stimulate employees and to generate more income for their businesses.
However, calculating the sales compensation on a sheet or by hand will dramatically increase the chance of making a mistake. So to reduce the chances of calculation errors various companies use the software for sales commission that actually helps them to track & manage commission to grow their business. In fact, we also discuss the best commission tracking software in this article.
Here is the list of commission tracking software that will help you to choose an option to automatically calculates commission and payments based on custom company rules.
Commission Tracking Software
Performio is the smart way of managing and monitoring sales commissions. It is a SaaS-based tracking software intended for salespeople that implement the best practices to drive your sales force and eliminates the hidden cost of incentive management for sales commissions. It offers a variety of software packages for different sales team sizes so that your business can grow, but not on the basis of the size of your sales team.
- Comprises with “What If” Calculator that helps sellers to calculate how much they can earn a commission.
- Offers you a useful tool for solving salesperson queries and avoiding disputes.
- Its Territory Management options allow sales managers to update participants and sales areas easily by geography, product, or by the organization.
- Performio provides reports so that you can compare sales team performance in different business units.
The pricing plan for this commission tracking software starts at $20/month.
The sales performance management solution from CallidusCloud helps you to automate commission tracking, calculation, and payment. Automatic sales and boarding training takes your new employees and veterans through important development if necessary without supervision by HR or managers. It even allows you to connect to CallidusCloud Badgeville gamification software to boost sales or learning through gamified incentive programs.
- Resolve disputes with ease by having abilities like traceability, workflow, and complete audit trails.
- Pay accurate fees on any trigger for proven integrations into leading CRM, ERP and HR systems in real time.
- Quickly create and maintain the most complex designs – bonuses, accelerators, thresholds, draws, etc. without coding.
- Offers you a powerful dashboard that helps you to manage, track & create reports on the basis of the workflow.
The pricing plan for this service was $90/month.
3. Xactly Incent
Xactly Incent is a robust sales performance management solution that helps businesses drive performance, control, and mobility. It has a strong incentive compensation engine that supports companies to adapt themselves to changing market conditions. This software provides easy-to-use reporting tools and dashboards that allow you to view, analyze and model the incentive compensation systems in real time, and to access continuous information via Xactly Incent iOS and Android mobile apps.
- Its Insights platform provides Big Data benchmarking to help you increase your high performer sales and train your mid-performer to excellence.
- Provide visibility in commission data on functional, mobile and real-time terms.
- Easily integrate different data sources needed to ensure timely and accurate comp management incentives.
- It allows you to deliver timely and error-free compensation payments.
- Estimate commissions easily by using its Commission estimator.
- Moreover, it also has multi-currency support that helps you to make your commission managing business more successful.
To know the pricing details for this service you need to contact them.
Most Sales Performance Management Solutions are time-consuming and expensive. They fail to integrate with your existing ERP and require hours of manually importing and bouncing between software. They also lack any real-time data crucial to optimizing sales performance.
IncentX is different. Our powerful software platform is both affordable and easy to use, and integrates seamlessly with your existing ERP. We partner with our clients to design innovative incentive plans that excite salespeople and increase the bottom line. Our real-time cloud-based data will give you the tools you need to take the guesswork out of your incentive planning.
Get set up in minutes. Get deals done better, faster and more effectively with incentX’s integrated CRM platform.
- Execute even the most complex commission plans with ease
- Get set up quickly-without any disruption to your existing workflow
- Get creative and execute even complex rebate plans without the headache
- Execute even the most creative, complex royalty plans hassle-free
- Easily manage claim, accrual, reconciliation and settlement activities
- Enterprise suite - It will cost you $150 per user per month with the feature of the personalized dashboard and existing ERP integration.
- IncentX CRM Only - You have to pay $65 per user per month for this plan.
In this blog, we discuss the list of best commission tracking software that helps you to manage, track, estimate commissions globally. Now it’s up to you which software provides you better services that actually fulfill your needs.