Optimize Incentive Compensation With Integrated Sales Performance Data

Xactly

Incentive Compensation Management (ICM) solutions help companies manage their sales compensation plans and calculate commission payments. Today’s ICM solutions are aimed at optimizing more than just sales compensation, focusing on end-to-end sales performance management (SPM).

X-Factor Compensation Leaders: How to Be Incredible at Incentive Planning (Wolters Kluwer)

Xactly

Building a successful sales compensation plan carries an incredible amount of responsibility for compensation planning teams. Finding the right mixture of compensation requirements is no easy feat, but luckily, it doesn’t have to be a time-consuming task.

Optimal Incentive Compensation Plan Design for Successful Implementation

OpenSymmetry

In the first scenario, the eager software sales rep wants to expedite the project start and does not want to introduce any delays in their sales pipeline. Finally, 70-80% of companies will have no or at best inflexible technology to support incentives.

X-Factor Compensation Leaders: How to Be Incredible at Incentive Planning (Palo Alto Networks)

Xactly

Sales compensation is one of the most important components of sales planning. Sales operations and compensation professionals must compile a team to piecing together metrics and goals, which carries an incredible amount of responsibility. Time in sales compensation: 11 years.

The Case for Team-Based Sales Incentives

Xactly

Historically, sales performance incentives have been focused on individual recognition. But only offering individual sales incentives is narrow-minded and can be supplemented with team-based rewards. Curbing the Complexity of Collaborative Incentives.

SPM Transforms the Career Path from Admin to Analyst

OpenSymmetry

In this fourth post, we discuss how sales compensation administrators can streamline the incentives management process using SPM technology and in doing that transform their role from an administrative function to a business and analytical function. Sales compensation administrators face a significant workload dealing with many stakeholders, sensitive pay-related outputs and tight deadlines.

Sales Performance Management 101 for Finance: Know the Cost of Your Investment in Sales

OpenSymmetry

The main issue is a lack of visibility which leads to an unknown total cost of sales and lower ROI than expected from sales compensation. The sales team produces a large body of disparate information which needs to be collected, converted into a suitable format and analysed to build out forecasts and leverage incentive compensation for peak sales performance. With high visibility, all sales costs can be monitored and ROI of sales compensation initiatives can be measured.

Crush communication siloes during your ICM implementation

OpenSymmetry

For SPM software implementations, with myriad stakeholder groups involved in the project’s success, it’s critical that each group has clear expectations. Incentive Compensation Sales Performance Management communication ICM Incentive Comp Incentive Compensation Management sales Sales Comp Sales Compensation sales performance management SPMIt’s the beginning of the year, and a much-needed ICM implementation may be in the works.

OpenSymmetry Releases 2016 SPM Vendor Guide

OpenSymmetry

The footprint of SPM is broadening from just compensating sales reps to driving a more holistic approach and helps enterprises improve the organization, direction, and motivation of sales teams.

Sales Performance Management: Not Your Parent’s Compensation Calculator

OpenSymmetry

Sales Performance Management (SPM) has truly evolved over the last 10+ years from the days of having an on-premise solution that primarily automated the compensation calculation process with basic reporting, to a new dynamic frontier with extended capabilities.

How to Avoid Wasting Money on a Compensation Assessment

Sales Benchmark Index

HR leaders, get ready for the 2013 Sales Kickoff by fixing the flaws in your compensation plan today. Read this post to reframe what may be disguised as a compensation problem. And get your hands on a Competency Grader for compensation assesement providers as part of SBI's "Make The Number 2013.". Is the compensation model to blame? Software Firm: The annual Employee survey is overflowing with negative comments about the incentive plan.

How Do You Incentivise SaaS Sales?

OpenSymmetry

Software-as-a-Service (SaaS) is generally thought to be a challenge for incentive plan designers – but is this true – why is it important and what are some of the key considerations in getting the design right? The third is above target incentive structure.

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Guest Post: Managing Salespeople: Compensation Survey!

Your Sales Management Guru

Ken: We have two posts today, first How to Manage Manipulative Sales Employees and a BONUS Sales Compensation Survey to help you plan. Author Bio: Erica Bell is a small business writer who focuses on topics such as effective sales software and human resource solutions.

The Criticality of SPM Technology

OpenSymmetry

While, incentive compensation administration is still a main piece, the broader SPM technology concept is expanding more holistically to include other key aspects which directly impacts how a sales team might perform, including talent development, sales enablement, and territory and quota management.

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The Relationship between Mixology and Sales Performance Management

OpenSymmetry

The Right Execution – Software Selection, Implementation Planning, Software Deployment, and Change Management. The second aspect is ensuring the right incentive plans and processes are in place. Software won’t solve a poor plan design or set of processes.

Let’s Make a Deal: The Mysteries of SPM Platform Selections

OpenSymmetry

I see a parallel with evaluating SPM solutions or when OpenSymmetry is engaged to lead or provide over the shoulder guidance for a customer who knows there is some issue with their current state of homegrown incentive compensation solution.

The 13 Least Known Sales Technologies

Velocify

Sales gamification software leverages game mechanics to incentivize rep performance. Sales teams can make faster and better-informed decisions with software that helps present complex business analytics into easy-to-digest, actionable insights. 6) Incentives and Commissions.

Transforming Enterprise Sales Organizations With AI/ML

Xactly

Sales compensation is vital to sales success and company growth. For decades, companies have gathered different tools to manage compensation. It is quickly transforming due to a variety of software tools aimed at helping improve day-to-day execution of the sales process.

Finding the Right Sales Performance Management Vendor

OpenSymmetry

This year’s edition features organizations that expand across the broad spectrum of the SPM and Incentive Compensation Management (ICM) continuum and offers options to help provide transparency across the entire organization for sales related processes.

Enterprise vs. Small Business: The Difference in Commission Structure

Xactly

Since sales is tasked with increasing revenues, incentives are an important part of achieving those goals. It’s important to structure your compensation plan with your end objective in mind. How to Compensate Your Sales Staff as a Small Business.

4 Steps to Ensure AI/ML has the Right Data to Learn

Xactly

For example, enterprises are using Xactly Insights, an advanced analytics offering based on 13 years of empirical incentive compensation data. Find the Best AI Software: Your sales operations, sales management and IT must determine the data needed to train and feed the AI solution.

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Just Out! Our Top 20 Sales Tech Vendors to Follow at Dreamforce #DF17

Smart Selling Tools

Altify @altifyinc Altify is the digital sales transformation software company, helping sales teams win the deals that matter and increase wallet share with a suite of software products that improve opportunity and account management. Dreamforce 2017 is just around the corner.

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Sales Operations Demystified: What It Is, Why It Matters, and How To Do It Right

Sales Hacker

Through strategically implemented training, software tools and engagement techniques, sales ops leaders enable sales reps to focus more on selling in order to drive business results. . Formulation of Incentives Program. Selection of Enablement Software and other Technology Tools.

How to Optimize Sale Territories for a Strategic Advantage

Xactly

Balanced territories allow you to set fair quotas, which have a huge impact on your incentive compensation and success of your salesforce. Unbalanced sales territories can negatively impact your compensation plan and lower sales performance.

Product launches – tales of preventable misfortunes

Sales Training Connection

Although there are a number of reasons at the margin for this dilemma, two are the main culprits – failing to develop a compelling compensation system and failing to help the sales team adapt and adjust their skills to selling the new product. Sales Compensation .

Interview with the founder of SellingPower Magazine

Smart Selling Tools

solutions for lead management, proposal and quote management, sales enablement, marketing management, analytics and incentive compensation management. Events Sales Effectiveness Sales Management sales & marketing alignment sales events sales software sales2.0Gerhard Gschwandtner launched Selling Power magazine in 1981 with a vision to create the number one industry resource for sales professionals. And that, he has done.

Sales Operations vs. Sales Enablement: What You Need to Know

Xactly

Sales operations has the large responsibility of designing, implementing, and monitoring the company’s sales compensation plan. Download our "Ultimate Guide to Sales Compensation Planning," for everything you need for a sales comp plan design project.

We forgot to pay $200k in commissions (and how to make sure it doesn’t happen to you)

OpenSymmetry

Can I get a list of all plan participants, including their base and target incentive information?” Instead, I was met with the following response: “We have the base salaries from payroll, but we don’t have a way to log incentive comp. ” When asked why they couldn’t have housed the information i their existing payroll software, they replied, “There’s no field for that in our system, so we are unable to capture that information.”

A Sales Leader’s Blueprint for 2014

Sales Benchmark Index

Territory design, quotas and compensation plans. Steve is a VP of The Americas of a large enterprise software company. Change the compensation plan to incent new logo growth by adding an accelerator. Compensation plans come last not first. Your Sales Strategy.

Renew Your Vows with The CRM System

Sales Benchmark Index

The software never lives up to expectations. The software simply replaces an old spreadsheet forecasting system. The Compensation Tool: Reps hang onto opportunities until the last minute. Build incentives and consequences into adoption.

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Slammed! Sales Manager Boot Camp

Your Sales Management Guru

Compensation and incentive strategies. Georganne, Healthcare Software Company, Register Today. Slammed! The Sales Manager Boot Camp. Starts 1-19-18. Note: Class size is limited to 15 participants. . Becoming a new sales leader is overwhelming. Suddenly you go from having a quota to managing the quotas of multiple people. You must quickly learn how to juggle the needs of your salespeople with the demands of your organization’s leadership.

Are You a Bulldog? That’s What It Takes for Women in Sales

No More Cold Calling

The bulldog in question is Amy, director of sales strategy at a large B2B software company. She’s been there … as a customer of incentive compensation and a lover of performance management. Here’s what I’ve learned about selling from some top women leaders.

Let’s Start Talking About Sales Manager Enablement

Partners in Excellence

There are dozens of software tools/platforms, with new one’s springing up every week that focus only on sales enablement. They do this through recruiting the right people, onboarding them, setting great performance expectations, training, providing the right systems, processes, tools, and programs, measuring/compensating/incenting them, and most importantly coaching them. There are 1000’s of articles, dozens of books on sales enablement.

Smart Selling Visions: Up-Close with Top Revenue Leader K.V. Rao, CEO of @AvisoInc

Smart Selling Tools

Aviso provides the leading predictive insights software designed to help sales teams optimize their performance and exceed their revenue goals. Incentive compensation and territory assignment plans are becoming more sophisticated to take into account this longer term view of the account.

SLAMMED! Sales Mgmt Boot Camp

Your Sales Management Guru

My pipeline is full, but nothing is closing I don’t think my compensation plan is working. Compensation and incentive strategies. Georganne Healthcare Software Company, US. Slammed! Sales Management Boot Camp- 8 weeks, online.

Smart Selling Visions: Up-Close with Top Revenue Leader Leslie Stretch of @CallidusCloud

Smart Selling Tools

Leslie: CallidusCloud provides organizations with the leading sales and marketing effectiveness cloud software. As President of Smart Selling Tools , she consults with many of the top sales productivity software vendors as well as end-user organizations looking to select the right tools.

[Webinar Recap] Transforming Enterprise Sales Organizations With Data and AI/ML

Xactly

Traditionally, SPM has been synonymous with incentive compensation management (ICM). Using manual forms of incentive compensation management, companies were left with static data that is more of a problem than a solution.

Top 20 Sales & Marketing Vendors to Follow on Twitter @Dreamforce ’14

Smart Selling Tools

Act-On Software. Transform your marketing & sales results with marketing automation, territory optimization, mobile learning, sales enablement, configure price quote and incentive compensation management, all in one suite, all in Salesforce with CallidusCloud.

Vendor 103

Smart Selling Visions: Up-Close with Top Revenue Leader Leslie Stretch of @CallidusCloud

Smart Selling Tools

Leslie: CallidusCloud provides organizations with the leading sales and marketing effectiveness cloud software. As President of Smart Selling Tools , she consults with many of the top sales productivity software vendors as well as end-user organizations looking to select the right tools.

Smart Selling Visions: Up-Close with Top Revenue Leader Leslie Stretch of @CallidusCloud

Smart Selling Tools

Leslie: CallidusCloud provides organizations with the leading sales and marketing effectiveness cloud software. As President of Smart Selling Tools , she consults with many of the top sales productivity software vendors as well as end-user organizations looking to select the right tools.