Sales Incentive Management System

Channel incentive sales spiffs.

Sales incentive management system.

Enterprise incentive management eim is a software solution for incentive management. Incentive compensation plans. Vendor manager vendor manager is a revolutionary tool used to consolidate and manage all your vendor incentive programs on a single platform with integrated business process management bpm features. Although sales incentive compensation management tools may alternately be called sales commission software or commission tracking software more advanced icm products go beyond tracking commissions with the ability to set up more nuanced compensation plans and incentive formulas sometimes including gamification and contest features or non.

The basic functions of eim are the management of incentive programs and the calculation of compensation. Often incentive programs fail miserably because of complexities in their recording and reporting systems or in how rewards are won. If you put the salesperson in a position where they are forced to assess to get this i first have to sell this plus these and not these and they must include these you are creating a recipe for confusion sales frustration and failure. Nice spm seamlessly connects sales territory definitions with sales crediting commission calculations reporting and payments in a continuous integrated process.

Eliminating the silos that separate territory and quota management sales operations incentive calculations and payment by automating processes. Eim can also provide rollout of new incentives in depth data analysis delivery of pertinent information to salespeople manage sales competitions. Sales incentive compensation can vary but normally sales reps are paid incentive compensation and or bonuses when they close a sales deal. Full cycle incentive program management including mobilization implementation and fulfillment.

Since frontline sales reps and specialist sellers are responsible for acquiring or retaining customers and thus have the highest impact on revenue they will continue to be rewarded with a classic incentive system quota or commission when they meet sales or revenue targets. We offer migration services to move your existing incentives into this new system and help you get up and running quickly. Gartner magic quadrant for sales performance management melissa hilbert 18 february 2020. Gartner does not endorse any vendor product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation.