Traditionally sales executives are extrinsically motivated. When they don’t receive incentives such as external rewards like money, fame, grades, and praise, they lose drive. This could have an impact on your business, employees with no interest in selling will affect your bottom line.
What if I can tell you that you could remove this risk and motivate sales, shape behaviour, and increase revenue with NetSuite Incentive Compensation Management Software?
Increase sales by choosing the best incentive management software
NetSuite’s Incentive Management allows businesses to design, track and pay sales commission plans.
NetSuite is a cloud based software solution that allows you to bring together all of your key business processes such as your accounts, customer management, ecommerce and stock management into one, easy to use piece of software.
NetSuite has the best incentive management software because it allows sales teams to get a clear view into their incentives through automated commission reporting, ensuring that sales reps understand their incentives and are aligned with business goals.
Access A Clear View Of Incentives
NetSuite Incentive Management allows businesses to improve the creation, monitoring and payment of sales commission plans. This enables sales teams to access a clear view of their incentives through automated commission reporting tools, which ensures that all personnel understand their incentives and how these align with wider business goals.
Easy Handle Multi-Tier Programmes
The software offers businesses an easy-to-use platform that helps meet the challenges involved with designing and managing complex commission plans. It allows businesses to easily handle multi-tier programmes and quickly calculate sales compensation, taking into account factors such as quotas, quantities sold, service items and product profitability.
Why Use NetSuite for your Incentive Management Software?
Businesses can use NetSuite Incentive Management to bring all their commission management activities under one solution, allowing executives, sales managers and finance professionals to control all compensation rules and schedules in a familiar interface. Performance measures that can be used to set commission rules include quotas, profitability and quantity sold, as well as a range of custom criteria.
The flexibility and power of the software ensures that companies are able to define their commission rules and ensure the processes are configured exactly to their needs.
Commissions can be calculated on a linear, marginal or target factor scale, while users can also quickly calculate indirect commissions due to managers and executives.
NetSuite’s complete set of analytics and reporting tools allow sales personnel to accurately forecast their earnings, as well as view summary commission reports that are fully integrated into their sales dashboards. Sales and finance professionals can also monitor key sales trends, quote performance, and other essential information through role-based, real-time reporting tools.
What are you waiting for? Explore NetSuite products that can fit your company.
For a number of years, we have been working with clients in a variety of sectors to develop their tailored solutions and manage their NetSuite implementations. Whether your focus is on accountancy, customer service, sales or stock levels, we can devise a solution to help run your business efficiently.
Download our free whitepaper to learn more.