Depending on who you talk to, the actual process of commission management requires hours or days. It’s the tedious work of hunting down data, pulling it into spreadsheets, checking formulas, and auditing results. All that happens before you even create reports for...
Congratulations! You finally tossed the spreadsheets and adopted commission software! It was the right choice because, as we’ve said before, spreadsheets are filled with errors. At the end of the day, the commission workload will be reduced and commission reports will...
Sales organizations scrambled to comply with the Accounting Standards Codification (ASC) when it was introduced a few years ago. This new set of standards was implemented by the Financial Accounting Standards Board (FASB). One important part of the code, ASC 606,...
Commission plans come in all shapes and sizes. There are as many different ways to structure commissions as there are sales organizations to implement them. Between splits, tiered rates, hierarchy overrides, and all the other ways to calculate commissions, an...
No matter how many employees earn commission at your organization, commission management requires a lot of time and effort. Administrators may spend hours every day processing commissions at the end of each cycle. In 2022, cut that workload by 85 percent...