The Spiff Blog

SEPTEMBER 28, 2023

We’ve put together a trusty checklist of the most essential considerations for evaluating commission software. Within this list, you’ll learn what questions to ask vendors about the key features, functionality, and benefits you should be looking for in a commission platform. See why the stakes are so high? And, much more!

Commission 81

Commission Software Software Scale 81

The Spiff Blog

JULY 21, 2022

If you’re reading this, it’s likely because you’ve made a regrettable software purchase or gone through a nightmarish buying process at some point in your career. And, unfortunately, your software buying woes may only get worse in the near future. Standardize Your Vendor Assessment Process. Consult with a Vendor’s Customer Base.

Software 76

Software Software B2B Vendor 76

Allego

JUNE 26, 2024

Have you ever rolled out new sales enablement software to your team only to have them not use it? To ensure your sellers use the software—and to its fullest potential, you need a comprehensive plan. By following these 11 best practices, you will ensure your sales enablement software implementation is a success.

Software 62

Software Software Sales Enablement Scale 62

SBI

APRIL 29, 2014

Leslie: CallidusCloud provides organizations with the leading sales and marketing effectiveness cloud software. Other SaaS vendors offer standalone solutions that only address one need at a time creating a situation where the customer becomes the integrator of all of their siloed solutions provided by multiple vendors.

Up-Sell 135

Up-Sell Closing Revenue Lead Generation 135

Canidium

MAY 22, 2024

They can cause cash flow problems, complicate reconciliation, damage vendor trust, increase administrative costs, distort financial reporting, and generally disrupt business operations. Overpayments are difficult to handle. The bottom line is that overpayments severely threaten any business's economic stability and future.

Incentive 52

Incentive Incentives Compensation Software 52

Sales Hacker

DECEMBER 14, 2018

On the one hand, sometimes vendors will offer a price break to push their number over the line for the year. This is an example of a nice incentive to shop that is attractive to a buyer and provides a little extra perk. A vendor may say “Oh yes, we have at-a-glance metrics also.” Beware the bait and switch software”.

Discount 71

Discount Software Software Vendor 71

Hubspot Sales

APRIL 24, 2019

Will additional bonuses or incentives be a part of the compensation plan? For example, this would include CRM databases , software, forms, etc. commission, performance incentives, bonuses). Door-to-Door Sales Workers, News and Street Vendors, and Related Workers. What is the base salary? Non-Compete Clause.

Commission 145

Commission Salary Compensation Territories 145

Hubspot Sales

JULY 29, 2022

Some of the leading partner relationship management software options in the space, as rated by user reviews and market presence, include Impact.com, Impartner PRM, and Allbound PRM. Let's take a look at these PRM software options to find one that helps you launch or expand your partner program. One PartnerPortal.io We’re using PP.io

Scale 122

Scale Hubspot Referrals Top of Funnel 122

Sales Hacker

MARCH 29, 2021

They have shifted their buying process even further online, only talking to vendors after they have already conducted significant research. Like with other revenue driving tech stacks, a partner tech stack has keystone software as well as best-in-breed solutions that integrate with the main software.

Revenue 107

Revenue How To Ideal Customer Profile Software 107

OpenSymmetry

APRIL 29, 2016

The 2016 SPM Vendor Guide is an information resource that provides organizations an introduction to the leading suppliers of Sales Performance Management systems and solutions. The goal of the vendor guide is to help organizations evaluate all options available as it relates to SPM technology selection. Mark adds. “It

Vendor 40

Vendor Compensation Conference Incentives 40

SBI

JUNE 25, 2013

SPIFs (Sales Performance Incentive Funds) are commonly used to incentivize salespeople to sell more of a particular product in a given period of time. After-all, incentive-based compensation (commissions) is just a form of Gamification. SPIFs are an example of using contests to change behavior.

Hiring 122

Hiring InsideSales Commission Incentive 122

Hubspot Sales

JUNE 24, 2019

This was an epidemic in pre-SaaS software (and still happens, even in SaaS). It reduced the friction to implement software or move to a different vendor if one overpromised. By paying over time, software companies are incented to keep customers happy, rather than extract as much money upfront as possible.

Scale 106

Scale Churn Motivation Commission 106

OpenSymmetry

JULY 15, 2015

For the past decade, OpenSymmetry has published the Sales Performance Management (SPM) vendor guide to help organizations understand what options they have as it relates to implementing solutions to help improve the performance of their sales organization. Candidate Assessment and On-Boarding. Coaching and Training. Picture that.

Vendor 40

Vendor Territories Compensation SalesForce 40

OpenSymmetry

FEBRUARY 10, 2016

In the first scenario, the eager software sales rep wants to expedite the project start and does not want to introduce any delays in their sales pipeline. They are thinking about a potential 6-12 month delay in the sales pipeline, then delayed recognition of the software sale before the project can get underway. Cost Impact.

Incentive 40

Incentive Incentives Compensation Territories 40

SBI

AUGUST 21, 2012

One enticing benefit (or incentive) of the sales profession is the freedom and independence it offers. Studies now reveal startling findings: that”buyers conduct75% of their research before talking to a vendor” and that “the majority of buyers claim theywere the ones who found the vendor, not the other way around.”

Vendor 108

Vendor Quota Account Incentive 108

SBI

OCTOBER 16, 2012

Your Crystal Ball: What This Year’s Sales Incentives Tell You about 2013. As President of Smart Selling Tools , she consults with many of the top sales productivity software vendors as well as end-user organizations looking to select the right tools. How Gamification Leads to Improved Sales Performance. Sales Management.

Conference 131

Conference Social Selling Data Marketing 131

Canidium

NOVEMBER 13, 2023

Reference calls can seem like a tedious step in software implementation (SI) partner selection, but at Canidium , we believe they are essential. Software implementation firms often present their best potential services during evaluation.

Vendor 40

Vendor Software Software SAP 40

Openview

JANUARY 14, 2019

Software that’s sold with a traditional license and maintenance contract is rapidly taking on dinosaur status. According to Gartner , “By 2020, all new entrants and 80% of historical vendors will offer subscription-based business models.” For these reasons, it’s best not to transfer the account as one might a baton in a relay race.

Hiring 88

Hiring Lead Rank Face-to-face How To 88

SBI

NOVEMBER 27, 2012

Whichever approach you choose, gamifying CRM through incentive-centered motivational strategies, or changing the game with newer and more versatile technologies, the end-result will be higher sales efficiency. 1] Forrester research. [2] 2] CSO Insights. Author, Nancy Nardin is the foremost expert in sales productivity tools.

CRM 133

CRM Wireless SalesForce Commission 133

The Spiff Blog

MARCH 21, 2023

But, then, we experienced another seminal change in business software. Today, we explore the evolution of commission software. Spreadsheets are still, in my opinion, the most successful business software ever created. The second most successful business software, after Excel, is Salesforce ( source ). True, I’m biased. )

Commission 74

Commission SalesForce Siebel Software 74

Sales Hacker

MAY 3, 2021

There’s a myth that corporate buyers hold all the power over vendors – that vendors struggle to sell. 6 things vendors can do to ease the pain of buying. You may have noticed some vendors pushing the envelope and creating landing pages or sales pages that pit them against a competitor – or several. Work on this.

Ideal Customer Profile 85

Ideal Customer Profile Top of Funnel Customer Vendor 85

The Spiff Blog

APRIL 7, 2022

Gone are the days when commission, bonuses, and incentive pay were accounted for as direct expenses. It’s also more familiar— you can jump right in to your next ASC 606 report without having to stop and learn a new software. Bespoke software is technically customizable— for your vendor’s engineers. Think about it.

Commission 79

Commission Software Software Vendor 79

Cincom Smart Selling

OCTOBER 4, 2016

Sales automation is driven by selling tools like customer portals, ecommerce websites, sales configurators and guided selling software. These may be generalized pieces that display specific knowledge that hopefully builds the credibility of the vendor in the buyer’s eyes.

Sales Automation 78

Sales Automation Gatekeeper Software Software 78

The Spiff Blog

MAY 18, 2023

If done correctly, an incentive compensation strategy is tailored to each particular role so that it drives more of the right outcomes. Constant Change In the world of incentive compensation, the only constant is change. The Cons of the Legacy Commission Platform Now, let’s look at the things legacy commission vendors got wrong.

Commission 73

Commission Scale Compensation Hiring 73

Allbound

OCTOBER 31, 2018

In fact, partners churn about 10% of their vendors per year. In addition to referral commission, helping your partners feel well educated and prepared to have conversations with your customers is a huge incentive. As a bonus for the vendor, referred customers are more likely to adopt, quicker. Eyes on The Prize—Now What?

Churn 74

Churn Incentive Incentives Vendor 74

Xactly

MAY 7, 2018

The resulting incentive plan must develop a compensation process that will motivates the right sales behaviors to achieve goals, all while driving growth. Finding the right mixture of compensation requirements is not always easy, but luckily, it can be much less time-consuming with the help of automation software.

Compensation 49

Compensation Incentive Incentives Networking 49

Gong.io

MARCH 30, 2022

Building software for enterprise customers is never easy. . As a software vendor, your enterprise customers usually represent an important segment—often a strategic one. Gong recently won the #1 spot on G2’s enterprise software list for 2021 (across all software categories).

Enterprise 62

Enterprise Enterprise Strategy Vendor 62

Canidium

JUNE 13, 2024

Choosing your software solution is foundational to the success of your project. However, your software selection is not the only critical decision you need to make. Your choice of implementation partner will ultimately be as important as which solution you intend to integrate.

Software 52

Software Software SAP Commission 52

Cincom Smart Selling

DECEMBER 8, 2016

New software changes the way people work, and some will resist that change. As with any proposal, the IT manager will need to choose the software wisely. For instance, if you’re looking for the best CRM software , check to see what your sales team is currently using and what features are lacking.

Sales Technology 61

Sales Technology Software Software Proposal 61

Openview

MARCH 15, 2019

Value-added Resellers (or VARs) purchase third-party software to sell to the end user at a markup bundled with added features, integrations, configuration or other professional services. In addition, they purchase third-party software to bundle with these services. Extra Incentives. Value-added Resellers. System Integrators.

Channels 129

Channels Scale Hiring Lead Rank 129

Hubspot Sales

JANUARY 16, 2020

Selling software is more complicated than ever before. If you’re selling in the Marketing Technology space, you know that the problem you’re solving might also include one of 7,040 other vendors in the industry. Another factor is the core nature of sales — problem solving.

Sports 105

Sports Scale Up-Sell Vendor 105

The Spiff Blog

MARCH 8, 2023

The clip shows her, not in her typical role as a seller, but as a buyer evaluating a piece of software. In the clip, the vendor accidentally shares the wrong screen– exposing an internal group chat making crude comments about Sharpe’s appearance. Though Sharpe didn’t share the exact language used, she didn’t have to.

Face-to-face 76

Face-to-face Commission Incentive Incentives 76

OpenSymmetry

JANUARY 2, 2018

The sales team produces a large body of disparate information which needs to be collected, converted into a suitable format and analysed to build out forecasts and leverage incentive compensation for peak sales performance.

Compensation 56

Compensation Incentive Incentives Commission 56

Allbound

SEPTEMBER 12, 2018

As AppDirect co-CEO Daniel Saks points out , “80% of on-premise software vendors operate a channel program to enable other companies to sell their products, while only 20% of SaaS vendors operate similar programs.” Every software company is different, and likewise, every partner program is different.

Commission 112

Commission Referrals Marketo Hubspot 112

The ROI Guy

JUNE 29, 2015

Procurement specialists’ incentive pay is now directly tied to the discounts they can extract from each vendor. IDC reports discounts of 20% are now commonplace, but most vendors wich that was all. IDC reports discounts of 20% are now commonplace, but most vendors wich that was all. So how bad has it become?

Discount 83

Discount Lead Rank Proposal ROI 83

Sales Hacker

NOVEMBER 16, 2021

SalesHandy is software that lets businesses and sales teams automate and track their email outreach from Gmail and Outlook. It’s a robust software solution that integrates marketing, CRM, and analytics collection (e.g. Qualaroo is a customer and user feedback software designed to gather real-time website and product feedback.

Paid Content 119

Paid Content Lead Generation Lead Rank Lead Scoring 119

OpenSymmetry

MAY 23, 2016

While, incentive compensation administration is still a main piece, the broader SPM technology concept is expanding more holistically to include other key aspects which directly impacts how a sales team might perform, including talent development, sales enablement, and territory and quota management.

Territories 40

Territories Vendor Incentive Incentives 40