sales INCENTIVE MANAGEMENT SYSTEM (sIMS)
The Incentive Management System (IMS) tracks scholarships, bonuses, and incentives within an organisation to help manage and monitor their incentive compensation programs. IMS integrates seamlessly with Human Resource (HR) Enterprise Resource Planning (ERP) systems and accounting systems to securely automate the management of all scholarships, bonuses, and incentives. We are developing sales and incentive management software in Dubai, UAE.
Through the IMS, organisations have transparency into each candidate’s information so that executives, management, human resources, or eligible employees understand outstanding benefits at any given time. If employees leave before fulfilling their commitments; their obligations should be balanced out before they leave the company. In real-time, IMS tracks employees enrolled, monies that are still outstanding, and reports on everything from deferrals and defaults to current outstanding receivables.
what is Sales Incentive Management System
Sales Incentive Management System (SIMS) is our new web-based incentive calculator. SIMS is an automated tool to generate scorecards. SIMS has built in functionalities to accommodate simulations and minor changes from time to time.
Advantages and features of sales incentive management software
- Web based automated incentive calculator
- Speedy and accurate report generation
- Flexibility & Scalability
- Accommodate Simulations
- Accommodate Minor changes time to time
- Possesses Best Functionality & Dynamism
- Ease the current manual painful calculators
Sales Compensation Software
Sales compensation software automates the accounting and administration of commissions and incentive plans based on several customisation rules such as employee role, tenure, or sale type. It also allows salespeople to view their quotas and progress while enabling management to generate reports to gain high-level insights into sales performance. Sales compensation software is utilised by sales, accounting, and administration teams. Because sales compensation structures often differ from those of the rest of a business, these tools promote less time-consuming and error-prone accounting practices. This software is usually implemented as part of a broader compensation software infrastructure. This might include payroll, accounting, or billing software. Many sales compensation tools also integrate with other sales tools such as sales performance management, enterprise software, van sales system, Training managenet system, asset management, HRMS solution, sales analytics, or sales gamification.
Challenges of sales and incentive calculation
Many companies don’t have the right resources to manage end-to-end sales compensation processes and struggle with the following challenges:
- Payment errors and delays in compensation processing
- Complex calculations and the integration of data from varied sources
- Management of compensation disputes from the field
Benefits of sales and incentive system software
Make sure sales reps are fairly and accurately incentive, and that processes are transparent, consistent, and compliant with regulations. The auditability of your incentive expenses is vital to your organisation. Reduce risk associated with versioning and inaccuracies of spreadsheets by locking down each pay period and auditing every plan design change, payment, and adjustment.
- Promote and reward selling behaviours that achieve company objectives
- Automate to reduce payment errors and process inconsistencies
- Gain insight into plan effectiveness and foresight into plan results
Please contact www.acepaq.com, Acepaq for sales incentive management system software and sales compensation system Demo, pricing and quote. Available in Dubai, UAE, Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Fujairah and Al Ain.