"I need to streamline and automate the process of calculating accurate compensation payments."
Calculating sales incentive compensation payments is a time-consuming process that also typically involves manual processes that are cumbersome and disconnected without a Sales Performance Management solution.
Many organizations are using spreadsheets and home-grown solutions that may be riddled with bad data and errors in formula's that are difficult to identify and fix resulting in over/under payments.
The process of managing sales incentive compensation is often described by compensation administrators as lengthy/time consuming, resource heavy and stressful.
Using Varicent, you can streamline and automate the end-to-end process of calculating accurate sales incentive payments, freeing up time to focus on more strategic and valuable activities.
- Configure data imports and schedule these data imports so transactions, products, customers, sales employees, and other data required to support your sales performance management requirements and process is always available when you need it.
- Schedule the Varicent model to calculate automatically resulting in the most relevant and up-to-date dashboards and reports while providing visibility and transparency to your sales team.
- Construct business workflow and routing throughout your end-to-end process of calculating, reconciling, approving, and distributing your sales incentive compensation payouts.
- Reduce or eliminate any under/over payments of sales incentive compensation, saving hundreds of thousands, or potentially millions for your organization.