Build an Effective Sales Incentive Plan with Compass

Automate your sales compensation calculations, build innovative sales incentive plans, deliver accurate and timely payouts; Improve transparency for the salesforce using Compass–no code sales incentive software.

Reasons why don’t most sales incentive plans work

Before economists started writing about the principal-agent dilemma, salespeople were compensated with incentives. But most of these sales incentives and compensation plans fail drastically for several reasons. The major reasons behind these are following a one size fits all approach, compensation ratio is not optimized, payouts are consistently delayed, only top performers are motivated, and no intermediate recognition.

How does Xoxoday Compass help in building incentive plans for sales team 

Compensating salespeople is complex and time-intensive. Sales leaders have to figure out their budget, decide which awards they want to hand out, define the rules (based on customer size, deal size, etc.), and then use spreadsheets to figure out compensation—a process that can take a long time. With Compass, you don't have to go through all of this. Instead, we handle all of the calculations behind closed doors so that you can focus on what's important—your team's results. We help you plan sales incentives to increase sales team performance.

Plan sales incentive programs with Compass

Compass can simplify the most complex incentive plans and help you build a plan that your sales reps love. There are three ways Compass plays smartly when making a successful sales incentive plan

  • Maintain transparency and create a simple gamified incentive plan that is easy to follow.
  • Run a milestone-based sales contest that rewards and motivates the middle performers.
  • Give out rewards points for each success, and users can redeem the earned incentives across 20,000+ digital gift cards globally.

What services does Compass offer?

No matter how straightforward or intricate your sales incentive plans are, Compass can seamlessly manage them from beginning to end.

Automate complex sales incentive plans in no time

No coding or spreadsheets are needed to save time and eliminate the burden of accurately computing complex sales commissions.

  • Automate elaborate commission systems
  • Calculate a huge number of records quickly.
  • Eliminate payment mistakes and late disbursements.
  • Improved sales workflows should be created.

Add gamification in your boring sales incentive plan

By allowing your sales force to compare their performance to that of their competitors via leaderboards, level maps, live scores, and earnings, you may pique their competitive spirit.

  • Display accomplishments with badges.
  • Give salespeople timely nudges to remind them of their performance.
  • Start inter-team tournaments within the organization.
  • Monthly objectives into more manageable, shorter-term goals.

Connect and seamlessly sync data with your everyday tools

Continue the game without interfering with the process. Automate the sales process by integrating already-in-use technologies, and handle any hiccups with round-the-clock support.

  • Connect to DMS, CRM, spreadsheets, or ERP
  • Establish KPIs for all sales teams.
  • Rules, variables, and conditions help you create reasoning.
  • Set recurring goals (daily, weekly, monthly, or yearly).

Get real-time insights that aid in decision-making

You may improve planning across teams and the company with the use of strong, real-time data and predictive analytics.

  • Get a graphical representation of the data points.
  • Get a simulation of company indicators using historical data.
  • Make the most of lessons learned from earlier initiatives to improve goals and incentive payments.

Our solution caters to multiple industries

Retail
Travel & Leisure
Banking
Hospitality
SaaS
Fintech
E-commerce
Insurance
Retail
Travel & Leisure
Banking
Hospitality
Gaming
LMS
E-commerce
Luxury

Automated and distributed

$5000+

worth digital gifts within a few clicks

Respondent rewarding grown at a

65%

CAGR year on year

Sent Maximum Rewards within

6 weeks

of implementing  automation workflows

Stop with the traditional boring sales incentive plans

Instead, use our API-first platform to manage and automate sales incentive programs, from initiating sales incentive plans to computing and disbursing bonuses.