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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Commission Software Software Vendor 79

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.

Commission 75

Commission Compensation Churn Incentives 75

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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Commission Hiring Margin Scale 94

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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Commission Vendor Compensation CRM 77

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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Commission Compensation Incentives Incentive 69

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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Commission Compensation Incentives Incentive 95

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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Commission Compensation Salary Remedy 77

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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SAP Commission Sales Operations Software 98

Canidium

MAY 18, 2023

You may be considering SAP Commissions software (or any other sales performance management (SPM) software) but have concerns about what implementation involves for your organization. We’ll level with you, it is a big undertaking.

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Software Software SAP Commission 52

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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Commission Salary Compensation Territories 125

Xactly

NOVEMBER 1, 2018

Under the new revenue recognition standard , companies must change the way they report revenue in their accounting for sales commissions. On Oct 17, we held a customer roundtable with Xactly Commission Expense Accounting (CEA) customers. The impact of all commissions paid. How do commission expenses get classified?

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Commission Account Compensation Revenue 82

Canidium

MAY 13, 2020

Choosing an SPM solution can be hard given that there are so many options for SPM software on the market. We would like to tell you Why SAP Commissions could be the right fit for your business!

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SAP Commission Software Software 78

Xactly

NOVEMBER 20, 2018

The commission accounting standard has been in effect for public companies since December 2017. Subtopic 340-40, known as “the incremental costs of obtaining a contract,” has a huge effect on how companies’ commission accounting. Take car sales, for example. The deadline for private companies to implement is December 2018.

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Commission Account Compensation ROI 76

Canidium

JULY 11, 2023

Integrating various systems becomes a strategic imperative as your company progressively relies on diverse software solutions to manage its operations. You are constantly seeking ways to enhance efficiency, streamline operations, and maximize revenue.

SAP 40

SAP Commission Maximizer Software 40

The Spiff Blog

MAY 31, 2022

Convincing your boss to sign off on more resources for sales comp can feel like an uphill battle. After all, does your organization really need to sink even more money into sales compensation ? Compounded over time, even minor blips can erode the trust sales has in the finance team and in the organization as a whole.

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Resources Commission Compensation Hiring 83

The Spiff Blog

APRIL 11, 2023

If you’ve spent any time in sales, chances are you’ve witnessed gender bias and discrimination in action– even if you weren’t aware of it at the time. That’s why, as part of our ongoing Sell Like a Girl series, we’ve delved deep into the topic of gender bias in male-dominated industries like sales.

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Commission Hiring Face-to-face Incentives 83

Sales 2.0

OCTOBER 9, 2020

By doing so you will (a) sell more, (b) get a bigger commission check, and (c) be less stressed. OK, maybe keep it a secret between us for now, but when you kill your sales quota and everyone starts calling you a Rockstar, you may want to let on (in the right circumstances). Not a bad combo. Flat world. Build Your team.

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Account Scale Social Media Small Business 385

Hubspot Sales

APRIL 5, 2023

There are many things to consider if you are interested in starting your career in sales. You’ll also need a thorough knowledge of sales trends and stats to succeed. With a modest, go-get-'em attitude, you can learn the stats you need to know to anticipate what a career in sales has in store for you.

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Ideal Customer Profile Salary Hiring Lead Rank 114

Sales and Marketing Management

MAY 31, 2020

Sales teams are a particularly unique case as their compensation is likely to be highly leveraged and more sensitive to changes in the marketplace. What happens to the sales force and their commission-based structure? Is top sales talent at risk of leaving if they can’t earn commissions? . Model Costs Accurately.

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Motivation Compensation Incentives Incentive 194

Xactly

SEPTEMBER 26, 2018

Under the new ASC 606 (IFRS 15) standard, sales commissions associated with securing contracts need to be capitalized as an asset and amortized over the period the service is provided. service contracts lasting less than one year), sometimes called practical expenditures, can be expensed as the commission is incurred.

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Commission Account Compensation Webinar Metrics 52

SalesLoft

APRIL 25, 2024

But when the commission check clears, that feels good! A lot of the time, yes, I get the commission check, and I get a lot of the credit for being the seller. Albert: Now that the ink has dried on a couple of these big deals that you landed this past year, are you still involved post-sales? I’ll say that.

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Commission How To Scale Enterprise 52

Sales and Marketing Management

AUGUST 28, 2019

So how can organizations, particularly sales teams whose salaries are usually based on a commission structure, successfully recruit and retain top Gen Z talent to help carry their business forward? Let’s explore tactics sales teams in any industry can replicate to maintain their entry level talent through 2019 and beyond.

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Lead Rank Salary Compensation Commission 166

Xactly

APRIL 2, 2018

Whether a company is trying to grow or has reached the Enterprise level, the right sales commission structure can be the difference between hitting your goals or falling flat. Since sales is tasked with increasing revenues, incentives are an important part of achieving those goals. Yet, you want a structure that rewards results.

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Commission Small Business Small Business Enterprise 56

Sales and Marketing Management

MARCH 27, 2019

Author: Mike DeLeonardis, President, North America at beqom Seventy-nine percent of companies say that increasing sales productivity is a strategy they’re using to reach growth targets in 2019, but actually meeting this goal may be a challenge as only 35 percent of average-performing sales reps’ time actually goes to selling.

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Strategy Compensation Incentives Incentive 223

Nutshell

JANUARY 14, 2020

Software-as-a-service (SaaS) refers to any cloud software product that a company hosts and makes available to customers over the Internet, rather than offering it as a download onto their computers or mobile devices. By the end, you should have a clear roadmap for reaching your or your company’s sales goals. What Is SaaS Sales?

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Paid Content Lead Rank Commission Lead Scoring 127

The Spiff Blog

NOVEMBER 17, 2023

In this day and age, no one doubts the importance of sales compensation when it comes to driving growth for a business. As an incentive compensation manager, you manage or play a key role in the design of your sales commission plans. Administer commission plans. Maintain compliance with legal regulations.

Incentives 81

Incentives Incentive Compensation Commission 81

The Spiff Blog

SEPTEMBER 7, 2023

As a sales leader, you already know that effective sales performance management isn’t just setting lofty sales targets and then pushing your team to achieve them. These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement.

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Incentives Incentive Scale Compensation 83

The Spiff Blog

OCTOBER 19, 2023

Believe it or not, the new year is right around the corner– and that means it’s time to plan your sales compensation strategy for 2024. But, in this era of constantly shifting market conditions, it can be difficult to know what changes will best set your sales organization on the path towards success. Don’t worry, we’re here to help!

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Compensation Incentives Incentive Commission 83

Canidium

AUGUST 9, 2023

Businesses seeking to implement SAP Commissions, a robust sales commission management solution, have the option to utilize SAP's professional services or engage an external software implementation partner.

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SAP Commission Software Software 52

Sales and Marketing Management

OCTOBER 15, 2020

For sales teams selling in industries where money is already tight due to the pandemic, many have become frustrated and unmotivated with the slow economic recovery and thus low budgets from prospects and clients. Let’s explore three ways that sales leaders can utilize data and analytics to stay afloat amid the crisis and keep teams motivated.

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Compensation Strategy Scale Commission 156

Hubspot Sales

JANUARY 17, 2023

If you have an interest in tech — and an even greater interest in helping people — a career in tech sales could be a smart move. Here, we'll cover the basics of tech sales, the pros and cons of working in this industry, and how you can kickstart a career in tech sales in 2023. What is tech sales? What is a tech sales rep?

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How To Sales Qualified Lead Networking Software 111

Sales and Marketing Management

OCTOBER 21, 2019

From manual CRM updates, to uninspired training programs or hard-to-find content, the more roadblocks to seamless sales, the more staff becomes demoralized. That, in turn, leads to greater sales rep churn. If you have a community of sales reps who are frustrated and unmotivated, that’s a huge barrier to achieving revenue goals.

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Top of Funnel Hiring Commission SAP 136

Canidium

APRIL 2, 2020

Processing sales commissions and getting payroll out the door can be a difficult task each month. This is especially true if you are not using any software to help! Inserting Xactly into your sales commission process helps improve your existing process but also creates unexpected value!

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Commission Software Software Sales 105

Zoominfo

MAY 7, 2021

His background in entertainment sales for hotels made for a less-than-smooth transition into data and software, which is what led our CEO, Henry Schuck, to celebrate Lyon’s first closed-won deal by blasting “I Can’t Wait to Be King” from the Lion King — in French — throughout the sales floor. That was my personal motivation.”.

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Closing Commission Licensing Hiring 246

Xactly

SEPTEMBER 13, 2018

This requires that your sales commissions associated with securing a contract need to be capitalized as an asset and amortized over the period the service is provided. ASC 606 proves especially problematic for those organizations who provide software as a service (SAAS) or subscription and project-type business models.

Commission 40

Commission Account Compensation Lead Rank 40

Cincom Smart Selling

MARCH 13, 2017

Configure price quote software makes approving complex sales orders easy and fast. It is amazing what some companies do to make sure they want to accept a deal brought in by their hardworking sales force. Each order went through the following checks: The sales manager confirmed pricing and evaluated commission processing.

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Software Software Discount System 59

Hubspot Sales

JUNE 8, 2021

If you hear "ABC" and "Always be closing" pops into your mind, a sales career may be the perfect match for you. You've come to the right place to learn what it's like to have a career in sales, and it's about much more than the close. Sales seems like a fast-paced, hardball kind of career. What's a typical sales career path?

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Hiring Salary Top of Funnel Commission 106