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4 Sales Compensation Plans: Which is Right For You?

LeadFuze

Why are Sales Compensation Plans Important. Building sales compensation plans for them can be a difficult task. There are several factors to consider when putting a sales compensation plan together. 4 Types of Sales Compensation Plans. A company is nothing if it doesn’t have sales. Because guess what? Profit-Based Plan.

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6 RevOps Strategies to Get You Through Economic Hardship

The Spiff Blog

There are many factors that indicate whether or not a piece of software is essential. Dig into software usage data to gain a better understanding of how teams are using the tools your organization pays for. Software license optimization is one of the quickest methods for identifying and correcting cost inefficiencies.

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5 Key Pillars of Effective Sales Performance Management

The Spiff Blog

These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement. Performance Improvement: It provides the opportunity to explore weak areas and offer targeted training to improve sales performance at scale or on a case-by-case basis.

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Data Visualization: Putting the Design in Comp Plan Design

The Spiff Blog

The psychology behind compensation plan design usually focuses on behaviors to encourage or discourage. This is a huge missed opportunity. Data visualization is one of the most powerful tools at your disposal when it comes to creating compensation plans that motivate employees. Let’s dive in! Important for legal coverage?

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The Risks and Considerations of AI for Commission Accounting

The Spiff Blog

If you’re a finance leader or sales compensation manager , the potential impact of implementing AI is particularly enticing. An AI-powered tool that can automate plan creation based on simple inputs transforms an arduous and time-consuming activity into a hyper-efficient process– leaving compensation managers with more time to be strategic.

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Software Tools Every CFO Wishes They Had

Xactly

This means they must continually view the competitive landscape, new business models, operational processes, compensation plans , the company’s strategy, and more. As a result, CFOs should study data privacy, taxes and regulations around the world. Thinking small is a trap that can prevent the opportunity to scale.

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The Impact and Administrative Overhead of a Bad Sales Commission Process

The Spiff Blog

Managing compensation is a complex undertaking, one in which the smallest error can create a domino effect of administrative labor and protracted troubleshooting. Potential: You continuously optimize sales compensation plans. Adding new compensation rules, such as quarterly bonuses, spot bonuses, or project-based compensation rules.