INDUSTRY INSIGHTS YOUR PEERS ARE READING
Institute a data-driven conversation about enablement. A high level of “situational awareness” requires better readiness for your sales team and the adequate tools to get them to where they need to excel. Data-driven enablement plays. Enablement success…or not? MORE
The resulting incentive plan must develop a compensation process that will motivates the right sales behaviors to achieve goals, all while driving growth. My favorite Xactly trip/trick: Always download data from Xactly credits/payments prior to any calculation. MORE
Growth Operations had a treasure trove of data and insights well laid out inside of Salesforce, but the Sales & Success teams weren’t taking advantage of their data to the extent they should have been. A New Way To Inject Data Across Their Processes. An added incentive for their team was the ability to attach easy actions so reps never even have to leave the interface they’re already working in. “Tr oops is one of the most powerful tools I’ve seen. MORE
Incentive Compensation Management (ICM) solutions help companies manage their sales compensation plans and calculate commission payments. With tens of millions of dollars invested in their data warehouses and critical business applications (i.e. MORE
Few leading indicators are more predictive of a company’s future sales performance than its incentive compensation plans. While multiple factors influence the effectiveness of your sales incentive compensation plans, 5 tips stand out: 1. Incentive Compensation Sales Planning MORE
Richard Cordray, director of the Consumer Financial Protection Bureau, suggests “unchecked incentives” were the root cause of the fraudulent accounts, further elaborating, “Incentive compensation structures are common in businesses and they can motivate positive behavior. What kind of behavior do current incentive compensation plans promote? Do you have the reporting capabilities to know whether goals are realistic and reachable (attainment rates, historical data, etc.)? MORE
Companies in all industries are beginning to dip their toes into intelligent tools to grow their businesses. AI/ML technology and algorithms are important, but the true value lies within data. For companies to truly reap the benefits of AI/ML, they need access and the rights to data. MORE
Luckily, with the right tools, sales operations can reduce the stress and time it takes to design, test, and implement a new compensation plan, and they can work to maintain and tweak the plan throughout the year. How do pay and and incentives differ between high- and low-performing reps. MORE
Sales data. Most companies have an abundance of it floating around—performance data, compensation data, financial data. Poorly-handled data creates a bit of a mess. Before we dive into exceptional , let’s discuss how many companies handle their data right now. MORE
Everybody talks about data analytics in marketing and how it’s critical to find prospects who look like your existing customers. But data analytics is just as important for finding, hiring, managing, and retaining the right talent. Over the past few years, employers have been using data to predict the capability and capacity of candidates before they even walk through the door. We continue to refine that profile, applying performance data from our best team members. MORE
Because there are so many social selling tools on the market today, we’ve put together a list of some of our favorites. Top Ten Social Selling Tools: 1. Hootsuite is the most popular tool for sharing and managing your posts across platforms. MORE
Artificial intelligence (AI) may not yet be a go-to tool for salespeople, but it has evolved rapidly over the last few years from the theoretical to the buzzworthy. Data is the Key Differentiator. Gathering the Right Data. What it needs is focus on the data that matters. MORE
Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. million square feet of data center space.”. Customer Stories Incentive Compensation MORE
From executive compensation and incentive strategies to the legislative framework, we will dissect this case to address the fact that this is not just a problem plaguing Big Pharma, but any entity that drives people within the organization to a goal through incentive compensation. Mylan’s Executive Compensation Structure – The Incentive Plan that Started It All. The principle demonstrated in this high profile case is that incentives undoubtedly drive behavior. MORE
In today’s blog post, we discuss 30 B2B marketing tools you can’t live without. Customer relationship management (CRM) platforms aren’t strictly sales tools. Slack also integrates with other tools in your marketing tech stack. Final Thoughts about B2B Marketing Tools. MORE
Without adequate tools in place, you may not know how your commissions or bonuses are calculated or how much you can earn in a quarter. Additionally, existing tools may not make it clear which clients or deals to focus on to maximise your earnings and which actions you can take to maximise impact and your performance and overall company performance. MORE
Download our "Ultimate Guide to Sales Compensation Planning" for incentive best practices and everything you need for a sales comp plan design project. Gather as Much Data as Possible. Data is the most important and useful tool for any part of a strategic sales plan. MORE
How likely is your sales incentive plan going to be dead on arrival, riddled with holes caused by requests for changes and exceptions? At least three months prior to the new year, finance teams slave over intricate details and policies for sales incentive plans to make for a smoother payroll cycle next year. Evaluate your data feeds. This means your results are only as good as your data. Many tools today will integrate directly with your CRM product of choice. MORE
In an ideal world, 100% of your data ends up in Salesforce (or your CRM of choice). According to a recent Salesforce study , poor data hygiene costs the average business nearly 30% of its revenue, amounting to a total economic loss of a whopping $700 billion a year. Align incentives. MORE
MBOs can be an extremely useful tool in addition to your sales commission structure because they give each rep individual goals to strengthen the overall sales organization. An MBO program is a great tool for driving the behavior of non-sales-related activities, too. MORE
Q: Why not use quota as a bar to require reps to pass before they’re eligible to earn in the incentive program? Stack ranking is not the tool to accomplish weed out the poor performers – what you need to do is manage. MORE
You’ve worked hard to produce new value-focused tools, empowering your sales team to meet the growing challenges of today’s more empowered, skeptical and frugal buyer. So how do you achieve sales tool adoption in 2013? The sales tools need to be integrated into sales’ daily world. MORE
Unless you’ve been living under a rock for the last two years, you’ve heard about “ Big Data ”. However, most Big Data examples concern large B2C companies. These companies are harvesting vast amounts of internet activity and point of sale data. It just required the right data. MORE
What I got was an insight into modern, data-driven territory planning. In fact, Harvard Business Review research shows that data-optimized territory design can increase sales by two to seven percent without any change in total resources or sales strategy. MORE
In the second scenario, the organisation has a strong HR or Sales leader driving the project who wants to look at a simplified process or wants a simplified incentives landscape before they start automating. We typically come across 2 scenarios with regard to plan design and automation. MORE
In this digital age, we’re constantly hearing about the power of data. It is one of the most powerful tools in the business world. However, like any tool, the value of data analytics depend on how you use it. Drive Strategy with Sales Performance Data. MORE
And then, there are sales tools…. So if technology improves your process, or helps you close more deals, add it to your arsenal of sales tools and get cracking! There’s Plenty Of Fish (I Mean Sales Tools) In The Sea. There’s a vast ocean of sales tools in the market. MORE
This year was bigger and better than ever with over 70 breakout sessions, keynote speeches from CallidusCloud CEO Leslie Stretch, Lone Survivor Marcus Luttrell, and Data Scientist David McCandless. Their acquisition of Click-Tools also plays a key role. MORE
Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. At Xactly, we want to provide an integrated incentive compensation planning process. MORE
A strong incentive plan drives sales behaviors that help companies grow and achieve their goals. Successful sales compensation plans require a balance between motivating incentives and revenue-driving factors, but that doesn’t mean it needs to be a stressful, time-consuming task. MORE
For example, is investing more heavily in training a better option than the introduction of a content management or CPQ tool? What tools we are using to do our jobs. How we capture data and information. Few sales enabling investments engage a rep at the emotional level, and reps may have to use a tool or process because it is mandated, whether or not they really want to. “Moving the needle” in terms of overall sales force performance is no mean feat. MORE
I n 2011 you worked hard to produce new value-focused tools, empowering your sales team to meet the growing challenges of today’s more empowered, skeptical and frugal buyer. And you are not alone, as SiriusDecisions reports that the average company now spends a whopping $43K on marketing content and sales tools per salesperson per year. So how do you get the much needed sales tool adoption to occur in 20012. Align incentives 6. MORE
Ultimately, the new compensation and incentive plans must successfully motivate the right sales behaviors to achieve goals, all while driving growth. Nuance had just implemented Xactly Incent a year or so prior to my joining but was in over their heads after some key Admins left the company. MORE
The purpose of every incentive compensation plan is to influence the actions of sales reps. The post offers tools to make longer-lasting corrections, too. Sales incentives can be like square pegs. Incentive compensation is intended to reward specific behaviors of the sales force. Here are some real-life examples of poorly designed incentives. If asked, the customer would not pay for any of these activities: Margin Incentive. Product Launch Incentive. MORE
3rd party behavioral data – especially real purchase intent — is one of those areas. I recommend starting with what real intent data can tell you about your list of target accounts. All too often, “quick wins” means taking a data-poor approach to change. MORE
Despite the fact that we live and breathe incentive comp, we are not immune to the factors that affect every sales organization. Looking at our own sales performance data, we asked ourselves the question can we analyze our sales performance and use our data more effectively? MORE
We sifted through B2B sales tools on Capterra , G2 Crowd , Gartner and more to pull out our top 126 picks for everything from new-age social selling tools to B2B sales automation software. Monday: Simplified the complexity of a CRM into one visual tool. Top 5 Social Selling Tools. Top 5 B2B Prospect Research Tools. Mozenda: Quickly turn web page content into structured data. Top 10 Prospect List Creation Tools. Top 8 B2B Sales Intelligence Tools. MORE
Those tasked with creating a plan must develop a process and incentive plan that will motivate and encourage the right sales behaviors to achieve goals, all while driving growth. Reporting on metrics still is a challenge and finding an easy way to consolidate the data. MORE
Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. At Xactly, we want to provide an integrated incentive compensation planning process. MORE
In our experience, the organizations that are seeing the most success are committed to enabling their inside sales teams with the tools, data, and necessary process adjustments to support personalized selling. Try to find ways to make it easier for your reps to access and use the data. MORE
Social Selling and Big Data at the Upcoming Sales & Marketing 2.0 The focus is purported to be on the benefits of big data for B2B sales organizations with an emphasis on social technologies. How Big Data Gives Your Team a Competitive Advantage. MORE
Sales and Marketing Management
NOVEMBER 5, 2018
Q: Why not use quota as a bar to require reps to pass before they’re eligible to earn in the incentive program? Stack ranking is not the tool to accomplish weed out the poor performers – what you need to do is manage.
Xactly
JUNE 7, 2018
Incentive Compensation Management (ICM) solutions help companies manage their sales compensation plans and calculate commission payments. With tens of millions of dollars invested in their data warehouses and critical business applications (i.e.
Xactly
OCTOBER 18, 2018
Few leading indicators are more predictive of a company’s future sales performance than its incentive compensation plans. While multiple factors influence the effectiveness of your sales incentive compensation plans, 5 tips stand out: 1. Incentive Compensation Sales Planning
Sales Benchmark Index
NOVEMBER 24, 2012
The purpose of every incentive compensation plan is to influence the actions of sales reps. The post offers tools to make longer-lasting corrections, too. Sales incentives can be like square pegs. Incentive compensation is intended to reward specific behaviors of the sales force. Here are some real-life examples of poorly designed incentives. If asked, the customer would not pay for any of these activities: Margin Incentive. Product Launch Incentive.
Xactly
JANUARY 2, 2019
Ultimately, the new compensation and incentive plans must successfully motivate the right sales behaviors to achieve goals, all while driving growth. Nuance had just implemented Xactly Incent a year or so prior to my joining but was in over their heads after some key Admins left the company.
Sales Hacker
JUNE 14, 2019
In an ideal world, 100% of your data ends up in Salesforce (or your CRM of choice). According to a recent Salesforce study , poor data hygiene costs the average business nearly 30% of its revenue, amounting to a total economic loss of a whopping $700 billion a year. Align incentives.
|
OpenSymmetry
FEBRUARY 10, 2016
In the second scenario, the organisation has a strong HR or Sales leader driving the project who wants to look at a simplified process or wants a simplified incentives landscape before they start automating. We typically come across 2 scenarios with regard to plan design and automation.
Smart Selling Tools
OCTOBER 2, 2018
In our experience, the organizations that are seeing the most success are committed to enabling their inside sales teams with the tools, data, and necessary process adjustments to support personalized selling. Try to find ways to make it easier for your reps to access and use the data.
Sales Hacker
MAY 2, 2019
And then, there are sales tools…. So if technology improves your process, or helps you close more deals, add it to your arsenal of sales tools and get cracking! There’s Plenty Of Fish (I Mean Sales Tools) In The Sea. There’s a vast ocean of sales tools in the market.
Sales Benchmark Index
MAY 27, 2013
Unless you’ve been living under a rock for the last two years, you’ve heard about “ Big Data ”. However, most Big Data examples concern large B2C companies. These companies are harvesting vast amounts of internet activity and point of sale data. It just required the right data.
OpenSymmetry
OCTOBER 14, 2016
Richard Cordray, director of the Consumer Financial Protection Bureau, suggests “unchecked incentives” were the root cause of the fraudulent accounts, further elaborating, “Incentive compensation structures are common in businesses and they can motivate positive behavior. What kind of behavior do current incentive compensation plans promote? Do you have the reporting capabilities to know whether goals are realistic and reachable (attainment rates, historical data, etc.)?
|
Xactly
SEPTEMBER 20, 2018
Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. million square feet of data center space.”. Customer Stories Incentive Compensation
Xactly
MAY 16, 2018
Luckily, with the right tools, sales operations can reduce the stress and time it takes to design, test, and implement a new compensation plan, and they can work to maintain and tweak the plan throughout the year. How do pay and and incentives differ between high- and low-performing reps.
Xactly
OCTOBER 29, 2018
In this digital age, we’re constantly hearing about the power of data. It is one of the most powerful tools in the business world. However, like any tool, the value of data analytics depend on how you use it. Drive Strategy with Sales Performance Data.
Xactly
APRIL 9, 2018
Those tasked with creating a plan must develop a process and incentive plan that will motivate and encourage the right sales behaviors to achieve goals, all while driving growth. Reporting on metrics still is a challenge and finding an easy way to consolidate the data.
Mindtickle
OCTOBER 24, 2018
Institute a data-driven conversation about enablement. A high level of “situational awareness” requires better readiness for your sales team and the adequate tools to get them to where they need to excel. Data-driven enablement plays. Enablement success…or not?
Zoominfo
MARCH 19, 2018
Because there are so many social selling tools on the market today, we’ve put together a list of some of our favorites. Top Ten Social Selling Tools: 1. Hootsuite is the most popular tool for sharing and managing your posts across platforms.
Xactly
JUNE 27, 2018
Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. At Xactly, we want to provide an integrated incentive compensation planning process.
Xactly
OCTOBER 11, 2018
Sales data. Most companies have an abundance of it floating around—performance data, compensation data, financial data. Poorly-handled data creates a bit of a mess. Before we dive into exceptional , let’s discuss how many companies handle their data right now.
Xactly
MAY 7, 2018
The resulting incentive plan must develop a compensation process that will motivates the right sales behaviors to achieve goals, all while driving growth. My favorite Xactly trip/trick: Always download data from Xactly credits/payments prior to any calculation.
Zoominfo
AUGUST 7, 2018
In today’s blog post, we discuss 30 B2B marketing tools you can’t live without. Customer relationship management (CRM) platforms aren’t strictly sales tools. Slack also integrates with other tools in your marketing tech stack. Final Thoughts about B2B Marketing Tools.
Xactly
OCTOBER 1, 2018
Despite the fact that we live and breathe incentive comp, we are not immune to the factors that affect every sales organization. Looking at our own sales performance data, we asked ourselves the question can we analyze our sales performance and use our data more effectively?
Xactly
AUGUST 1, 2018
A strong incentive plan drives sales behaviors that help companies grow and achieve their goals. Successful sales compensation plans require a balance between motivating incentives and revenue-driving factors, but that doesn’t mean it needs to be a stressful, time-consuming task.
Xactly
JUNE 27, 2018
Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. At Xactly, we want to provide an integrated incentive compensation planning process.
Xactly
JUNE 20, 2018
Artificial intelligence (AI) may not yet be a go-to tool for salespeople, but it has evolved rapidly over the last few years from the theoretical to the buzzworthy. Data is the Key Differentiator. Gathering the Right Data. What it needs is focus on the data that matters.
Xactly
AUGUST 20, 2018
Companies in all industries are beginning to dip their toes into intelligent tools to grow their businesses. AI/ML technology and algorithms are important, but the true value lies within data. For companies to truly reap the benefits of AI/ML, they need access and the rights to data.
Smart Selling Tools
FEBRUARY 7, 2019
What I got was an insight into modern, data-driven territory planning. In fact, Harvard Business Review research shows that data-optimized territory design can increase sales by two to seven percent without any change in total resources or sales strategy.
The ROI Guy
APRIL 12, 2013
You’ve worked hard to produce new value-focused tools, empowering your sales team to meet the growing challenges of today’s more empowered, skeptical and frugal buyer. So how do you achieve sales tool adoption in 2013? The sales tools need to be integrated into sales’ daily world.
Xactly
JANUARY 18, 2019
Download our "Ultimate Guide to Sales Compensation Planning" for incentive best practices and everything you need for a sales comp plan design project. Gather as Much Data as Possible. Data is the most important and useful tool for any part of a strategic sales plan.
Smart Selling Tools
OCTOBER 16, 2012
Social Selling and Big Data at the Upcoming Sales & Marketing 2.0 The focus is purported to be on the benefits of big data for B2B sales organizations with an emphasis on social technologies. How Big Data Gives Your Team a Competitive Advantage.
The ROI Guy
JANUARY 3, 2012
I n 2011 you worked hard to produce new value-focused tools, empowering your sales team to meet the growing challenges of today’s more empowered, skeptical and frugal buyer. And you are not alone, as SiriusDecisions reports that the average company now spends a whopping $43K on marketing content and sales tools per salesperson per year. So how do you get the much needed sales tool adoption to occur in 20012. Align incentives 6.
OpenSymmetry
NOVEMBER 22, 2016
How likely is your sales incentive plan going to be dead on arrival, riddled with holes caused by requests for changes and exceptions? At least three months prior to the new year, finance teams slave over intricate details and policies for sales incentive plans to make for a smoother payroll cycle next year. Evaluate your data feeds. This means your results are only as good as your data. Many tools today will integrate directly with your CRM product of choice.
OpenSymmetry
OCTOBER 18, 2017
Without adequate tools in place, you may not know how your commissions or bonuses are calculated or how much you can earn in a quarter. Additionally, existing tools may not make it clear which clients or deals to focus on to maximise your earnings and which actions you can take to maximise impact and your performance and overall company performance.
Sales Training Advice
OCTOBER 16, 2016
Everybody talks about data analytics in marketing and how it’s critical to find prospects who look like your existing customers. But data analytics is just as important for finding, hiring, managing, and retaining the right talent. Over the past few years, employers have been using data to predict the capability and capacity of candidates before they even walk through the door. We continue to refine that profile, applying performance data from our best team members.
Troops
MAY 24, 2018
Growth Operations had a treasure trove of data and insights well laid out inside of Salesforce, but the Sales & Success teams weren’t taking advantage of their data to the extent they should have been. A New Way To Inject Data Across Their Processes. An added incentive for their team was the ability to attach easy actions so reps never even have to leave the interface they’re already working in. “Tr oops is one of the most powerful tools I’ve seen.
OpenSymmetry
OCTOBER 28, 2016
For example, is investing more heavily in training a better option than the introduction of a content management or CPQ tool? What tools we are using to do our jobs. How we capture data and information. Few sales enabling investments engage a rep at the emotional level, and reps may have to use a tool or process because it is mandated, whether or not they really want to. “Moving the needle” in terms of overall sales force performance is no mean feat.
Nudge.ai
DECEMBER 8, 2017
We sifted through B2B sales tools on Capterra , G2 Crowd , Gartner and more to pull out our top 126 picks for everything from new-age social selling tools to B2B sales automation software. Monday: Simplified the complexity of a CRM into one visual tool. Top 5 Social Selling Tools. Top 5 B2B Prospect Research Tools. Mozenda: Quickly turn web page content into structured data. Top 10 Prospect List Creation Tools. Top 8 B2B Sales Intelligence Tools.
Xactly
SEPTEMBER 5, 2018
MBOs can be an extremely useful tool in addition to your sales commission structure because they give each rep individual goals to strengthen the overall sales organization. An MBO program is a great tool for driving the behavior of non-sales-related activities, too.
Smart Selling Tools
JUNE 5, 2019
3rd party behavioral data – especially real purchase intent — is one of those areas. I recommend starting with what real intent data can tell you about your list of target accounts. All too often, “quick wins” means taking a data-poor approach to change.
OpenSymmetry
NOVEMBER 3, 2016
From executive compensation and incentive strategies to the legislative framework, we will dissect this case to address the fact that this is not just a problem plaguing Big Pharma, but any entity that drives people within the organization to a goal through incentive compensation. Mylan’s Executive Compensation Structure – The Incentive Plan that Started It All. The principle demonstrated in this high profile case is that incentives undoubtedly drive behavior.
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