Commissions

Finance: Reduce organizational risk


Incentive compensation is often one of the biggest expenses on a company’s balance sheet.Yet with spreadsheets and data silos, the process is ridden with errors, does not give you the visibility you need, and has massive auditability gaps. Comply with the Revenue Recognition ASC 606 standards and reduce risk with a solution that powers Fortune 500 companies worldwide.

Reduce Financial Risk

Reduce Financial Risk

Large distributed spreadsheets not only leak money but are not easy to monitor or audit. They are hardly the tool to manage the single biggest expense on your balance sheet. Plus, can it support your growing business as your sales force and customers increase? With Commissions you can easily:

  • Meet SOX requirements for tracking, monitoring, and auditing processes.
  • Complete auditability and traceability.
  • Comply with Revenue Recognition ASC 606.
  • Cut costs by reducing errors and overpayments.
  • Accurately model and forecast commissions expenses.

Comply with ASC 606 revenue recognition standards

The Revenue Recognition ASC 606 standards require you to overhaul how you account for sales commissions and revenue. To comply with the new norms you need granular visibility into cost of sale and customer contracts. Spreadsheets are bound to come up short. An incentive compensation management system is imperative and can deliver:

  • Error-free commission payments.
  • Granular visibility into commissions costs and contract balances.
  • Dynamic reporting to meet the heightened disclosure requirements.
  • Connect to a complete rule-based, revenue recognition management solution.

Comply with ASC 606 revenue recognition standards
Increase visibility with robust reporting and modeling

Increase visibility with robust reporting and modeling

Increase visibility with robust reporting and modeling Bring visibility into commissions spend and sales performance with detailed reporting, robust modeling, and forecasting. You can:

  • Access a library of pre-built reports or create your own.
  • Track amortization, accruals, total spend, and more.
  • Model and compare compensation plans before you make them live.
  • Have a firm hand on your expenses.

Keep costs in check with a self-service application

Keep costs down with a low maintenance solution you administer yourself, rather than depending on IT or a vendor’s professional services team for mid-year changes to plans or people. A self-service application brings:

  • Speed to market and a competitive advantage.
  • Self-service with no need for any coding.
  • No need to spend unplanned amounts on consulting and services costs.
  • Support for your growing business with a scalable and extensible application.

Keep costs in check with a self-service application

Improve business outcomes with Informed planning and analytics

You are always looking to make a significant impact on your business. You want to grow the top line while reducing cost of sales. With the CallidusCloud Lead to Money suite, you can:

 

Improve business outcomes with Informed planning and analytics

 


Confidently create accurate sales forecasts.

Maximize revenue with informed territory and quota planning.

Predict revenues, uncover payout trends, and investigate costly payout errors.

Using spreadsheets for incentive compensation management? Here are the top 12 things you are missing

Using spreadsheets for incentive compensation management? Here are the top 12 things you are missing.

Gartner’s 2017 Magic Quadrant for Sales Performance Management

Gartner’s 2017 Magic Quadrant for Sales Performance Management

Making the Move to ASC 606: What to Know with Less Than 6 Months to Go

Making the Move to ASC 606: What to Know with Less Than 6 Months to Go

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