PandaDoc

APRIL 26, 2023

A sales process is crucial to any commercial organization looking to secure revenue and grow. However, since sales activities have been notoriously hard to measure in terms of performance, many business owners have adopted various commission structures to keep their sales reps motivated. Let’s dig in.

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The Spiff Blog

JULY 20, 2023

Most organizations recognize that their sales commission process isn’t perfect. Companies aren’t ignorant of this problem– many are trying to improve their commission process, as evident by the recent surge of businesses hiring sales compensation managers ( source ). You face frequent, urgent disputes.

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The Spiff Blog

MAY 18, 2023

For decades, perhaps longer, organizations of all sizes have struggled to effectively manage sales commission. Commission management is a universal thorn in the side of finance organizations, RevOps teams , and commissioned employees across organizations everywhere. Let’s get into it!

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The Spiff Blog

MARCH 21, 2023

Why share this story at the beginning of an article about using Salesforce to calculate sales commission? The invention of spreadsheets was a huge step toward commission automation. A few years ago, the current state of the art commission solution was to use Salesforce + Excel. Salesforce was the next.

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The Spiff Blog

NOVEMBER 10, 2022

The sales commission process plays an important role in motivating sales teams and therefore drives top line revenue growth— arguably the most important metric organizations track. There are many benefits to implementing sales commission software, but we’re going to focus on the four most important.

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MTD Sales Training

NOVEMBER 22, 2012

Work in a straight, commission only position? ” “On commission only, it’s one week you got it, one week you don’t.” Commission only is more about luck…”. [[ This is a content summary only. “What?! Are you nuts?” Visit my website for full links, other content, and more! ]].

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The Spiff Blog

SEPTEMBER 14, 2023

If you’re a finance leader or sales compensation manager , the potential impact of implementing AI is particularly enticing. Take commission plan creation, for example. But, make sure you check out this post if you’re interested in learning more: AI Won’t Replace Sales Compensation Managers: Here’s Why.

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The Spiff Blog

JANUARY 26, 2023

Just as Olympic athletes train to reach peak performance, so do sales teams. But, just as there are less obvious factors that contribute to an athlete’s performance, there are less obvious factors that contribute to a sales team’s performance as well. Today, we present to you, our latest infographic: Going for Gold in Sales.

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Hubspot Sales

NOVEMBER 16, 2020

As a sales rep, you have to reconcile the fact that you're trying to make as much money as possible with the fact that you can only make a finite amount of sales in a given quarter. Some businesses impose a cap on commission — a strict limit on what you're allowed to earn. A cap on commission might mean a cap on effort.

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Jeffrey Gitomer

JANUARY 15, 2019

Are you owed money for commissions? I'd just like to have the interest for one day on the commission money not paid salespeople who quit or got fired. Take a look at how much turnover exists on your sales force. If there's low sales staff turnover, there's a high probability of full payment without incident. Prevention.

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Canidium

JUNE 7, 2023

Discover how SAP Commissions shapes sales rep behavior and drives performance. Unlock the potential of SAP Commissions to optimize sales strategies and achieve organizational success.

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Sales Hacker

FEBRUARY 1, 2022

In this episode of the Sales Hacker Podcast, we have Nelson Gilliat , Demand Generation Manager at Brantr Media and Author of Death of the SDR , a book whose controversial central philosophy we discuss. Join us for a visionary conversation about getting rid of the SDR role and doing away with commission — and what should replace them.

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The Spiff Blog

OCTOBER 6, 2022

One wrong commission payment. That’s all it takes for a sales rep to jump ship and take their skills elsewhere. This article will show you how the right commission plan execution can retain your employees, reduce customer churn and increase trust between internal teams. . Prioritize a positive sales culture.

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The Spiff Blog

MAY 19, 2022

Sales Development Reps– or SDRs– are a crucial part of any business. To put it bluntly, how you compensate your SDRs can make or break the success of your sales organization. What’s the best structure for an SDR commission plan? Let’s jump into it! Determine SDR On-Target-Earnings to Get Started.

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Canidium

OCTOBER 27, 2020

Canidium is a leading Sales Performance Management (SPM) consultancy, and our expert consultants have been helping new customers implement SAP Commissions (formerly CallidusCloud) for over 12 years. Throughout this experience, we have heard multiple clients express similar concerns when switching to a new solution.

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The Spiff Blog

DECEMBER 29, 2022

Today, we’re exploring a few ideas: The evolution of commission tracking software. The Evolution of Commission Management Solutions. Like the telephone, commission management solutions have undergone a similar transformation. Long before Excel spreadsheets and computers, we tracked commission pay through manual bookkeeping.

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The Pipeline

JUNE 7, 2013

Let’s start by imagining your only sales goal is to get reps to bring in revenue. And that only the sales rep interacts with the customer. Then, commission-only could work. If you’re a career sales person you’ve probably seen deals signed with off-target customers just to meet the quarter. It’s easy to understand.

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Sales and Marketing Management

AUGUST 31, 2022

Mark Shopmeyer, co-founder and co-CEO of sales commission software startup CaptivateIQ, says sales compensation plans don't have to be the headache they are for many companies. The post Does Sales Compensation Have to Be So Complicated? appeared first on Sales & Marketing Management.

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Close.io

JANUARY 23, 2020

There is no magic formula for commission planning. Flat rate commissions. The simplest commission structure, commonly found in property, retail, and insurance. For example, if a sales rep sells a product at $1,000 and the flat rate commission per sale is 5%, they get an extra $50 in their paycheck.

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Sales Hacker

AUGUST 26, 2021

That’s how my friend Stacey describes the way sales compensation plans have changed over the last 15 years of her SaaS career. Why do sales compensation plans have to be so complex? Sales compensation was set up to ensure that reps are suitably rewarded for their performance. get paid commissions at 8%.

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Hubspot Sales

JUNE 30, 2020

While there is no single factor that keeps all sales reps motivated, compensation remains an important discussion topic when companies consider ways to attract, develop, and retain top sales talent. Sales commission is standard practice when it comes to rep compensation. Here’s the difference between the two.

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The Spiff Blog

AUGUST 11, 2022

Sales commission plans constantly change to reflect shifting business priorities, unstable market conditions, new product releases, and more. With these changes, businesses typically provide reps with something called a change of commission letter– or, sales commission agreement letters. Commission plan.

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The Spiff Blog

OCTOBER 13, 2022

Automating sales compensation is a big deal. Whether you’re transitioning from a manual commission management process or a spreadsheet-based legacy system, there’s a lot of time and resources on the line. But, you already know the payoff of automation– efficiency, visibility, and accuracy baked right into your sales engine.

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The Spiff Blog

APRIL 7, 2022

Gone are the days when commission, bonuses, and incentive pay were accounted for as direct expenses. With all the complexities in ASC 606, your commission expensing process is more critical than ever. Here’s what you can expect: The Four Types of Commission Expensing Solutions: DIY Commission Expensing.

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The Spiff Blog

AUGUST 4, 2022

The quick fixes and long term solutions you need to fix your broken sales compensation processes. If you’ve worked in RevOps or Finance for any amount of time, you already know traditional sales compensation processes are broken. Most companies get sales compensation wrong. After all, you’ll always have sales reps to pay.

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The Spiff Blog

MARCH 31, 2023

Welcome back to our Sell Like a Girl series– where we’ve spent recent weeks unpacking gender bias in sales. Today we’re continuing this conversation by sharing a preview of our latest research on sales commission. We break down commission payouts across gender, job function, and location within the United States.

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Hubspot Sales

APRIL 24, 2019

Compensation is an important factor in attracting and retaining employees, especially in sales. Imagine if almost half of your sales team left the company because of a poorly designed compensation plan. Luckily, I've compiled some resources for you to determine the best sales commission structure for your sales team or yourself.

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Partners in Excellence

FEBRUARY 6, 2020

One person took a position that one could not be a “Trusted Advisor,” and be on commission. He later extended the argument to include being accountable for achieving a quota compromised the ability of the sales person to be trusted. We have legacy stereotypes of the commission driven coin operated sales person.

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Canidium

JUNE 1, 2020

Whether you are new to SAP Commissions , or looking to see if SAP Commissions is right for your team, this is a good video to start with. It covers an easy way to do searches, as well as basic and advanced searches, to help you find the data you’re looking for.

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Canidium

JULY 24, 2020

Sales Operations professionals are often the first to tell you their frustrations with Excel and its limitations in their line of work. But it wasn’t built as a commissions processing tool. There is no arguing, Excel is an amazing tool when used for what it is built for: calculations, graphing, pivot tables, etc.

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Salesmate

OCTOBER 22, 2021

The key to attracting and retaining top-performing sales reps is sales commission. A skilled sales rep needs recognition for his performance to stay motivated. In addition, a commission is a crucial factor for keeping the salespeople in your organization satisfied. What is sales commission?

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Sales and Marketing Management

JANUARY 23, 2023

So why are companies stuck in the mindset that a low salary plus commission is the best way to drive sales performance? The post It’s Time to Update the Sales Agent’s Compensation appeared first on Sales & Marketing Management. Higher base pay fosters better performance and affective commitment.

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The Spiff Blog

FEBRUARY 15, 2022

You may think you work in sales or on a RevOps team. But if you use Excel for commission operations, you’re actually a programmer. Efficiency and growth shouldn’t just be desired outcomes, but foundational capabilities baked into all aspects of commission operations. You need proper commission software.

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Canidium

MAY 14, 2020

Coffee, Commissions, and CPQ is a podcast that will cover topics about all things sales, sales operations, sales enablement, and SPM! In the fifth episode of our series, Canidium's SAP Commissions Practice Lead, West, Connor Barry, talks about the recent security enhancements for SAP Commissions.

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Canidium

MAY 22, 2020

Coffee, Commissions, and CPQ is a podcast that will cover topics about all things sales, sales operations, sales enablement, and SPM! In the third episode of our series, Jason Kearns, the SVP of Technical Services at Canidium, talks about The Staffing Paradox.

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Canidium

OCTOBER 16, 2020

If you are in a sales operations role, you probably know that Excel is one way to calculate commissions for your organization. When it comes to Sales Performance Management (SPM), a common misconception is that SPM software is merely a substitute for Excel.

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