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Incentive compensation management (ICM) software is designed to streamline and automate the process of calculating, tracking, and distributing variable pay, such as commissions, bonuses, and other performance-based rewards. Here are three highly recommended ICM software solutions and the reasons for their recommendations CHATGPT style.
In the midst of economic downturns, it’s more important than ever to be adaptable and responsive to the market.
NLP is a field of AI that enables computers to analyze and understand human language. It was formulated to build software that generates and comprehends natural languages so that a user can…
I have been around the commission’s industry for some time now and I have only really seen two real, substantive changes, which is telling. Those two changes were the move from on-premise to cloud computing and the other was dashboard visualization. There is a desire for change and growth, but what does that look like?
I’ve been working with commissions for well over 20 years now and have heard the following forever: Excel is prone to error and is not a reliable commission system. Further, Excel has a 6% error rate. We can help you reduce that error rate by implementing NEWCOMP system.
Sales incentives are incredibly important for a variety of industries and of course, particular roles within said industries. However, how do you determine these roles? and where’s the line when it comes to the benefits of sales compensation for different roles not just for the employee but also the employer. So why do we even talk about incentive compensation then? Why not have these people go for a bonus or just a salary?
I’ve been working with commissions for well over 20 years now and have heard the following forever: Excel is prone to error and is not a reliable commission system. Further, Excel has 6% (from some study from someone) error rate. We can help you reduce that error rate by implementing NEWCOMP system.
In these unprecedented times, you are likely getting requests every minute from either management or finance. “We need these projections”, “we need to know our expenses”, “we need a miracle, can your system do that?”