Commissions drive sales rep's motivation and performance. Ensure your commission plans promote the right sales behaviour that aligns with the company's revenue objectives by gathering comprehensive commission ROI insights with commission reporting software.
Gather comprehensive and accurate insights into sales performance, commission payouts, and overall return on investments in sales compensation.
Gain comprehensive insights into whether your commission plans are increasing sales performance and driving desired revenue, and optimize them confidently with complete data without guesswork.
Commission summary
Territory reports
Graphs and charts
Predictive Analytics
Benchmarking
Quota attainment
Investment vs revenue
Plan comparison
Plan effectiveness
Payout trends
By analysing the sales commission reports, RevOps or SalesOps can identify trends, identify top-performing sales reps, and optimize commission plans to incentivize higher sales.
Enable the finance team to analyze the revenue impact from commissions with custom reports for future budget allocations.
Optimize territories by identifying high and low performing areas, adjusting boundaries, and allocating resources effectively.
Ensure accurate financial reporting with commission expenses and revenue data, facilitating financial planning and analysis.
Replace manual labour in approving payouts with a complete end-to-end automated system that schedules commission payments and resolves disputes.
Automatically calculate and withhold taxes based on local tax laws and regulations.
Ensure that sensitive payment data is encrypted to protect against unauthorized access.
Provide reports including changes made to commission plans, adjustments, and payment history.
Stay compliant with revenue recognition standards, including ASC 606, IFRS 15, etc.
Automating incentive processes lets your team focus on their core sales activities without worrying about errors or payout delays. Additionally, real-time visibility into performance ensures that your team knows exactly how their efforts translate into rewards, keeping them motivated and aligned with company goals.
You can worry less about shadow accounting and provide complete transparency across stakeholders about the budget allocated vs commissions spent and revenue generated through it, which is more challenging and may lead to errors through an in-house system.
Yes, Compass has one of the most powerful calculation engines with real-time data processing, rigorous logic checks, and advanced reporting. It provides accurate calculations for commissions, bonuses, etc., ensuring fair and timely payouts.
While Excel is a familiar tool, it can be prone to errors, time-consuming, and lacks scalability. Shifting to Compass provides a centralized, automated solution that reduces errors and offers real-time insights, robust reporting, and scalability as your business grows.
Yes, Compass offers 85+ data integration options, allowing you to connect multiple data sets from different systems. Compass consolidates all your incentive data into a single platform through API integrations or data imports, making it easier to manage, calculate, and report on incentives across different departments or business units.