Incentive Calculation Engine with built-in life sciences specific sales incentive process intelligence, commonly used plan components, and business workflow that enables end-to-end automation of monthly operations. The platform comes armed with an integrated quality assurance and auditing framework with easy access to all historical and current performance data. It also empowers business users to configure custom reports, model plan designs, and compare plan performance.
Incentive Compensation is one of the most crucial factors for business success in modern times. Businesses rely mainly on incentive compensation to drive the salesforce to improve sales and overall business performance. The primary objective of a sales incentive plan is to align sales representatives' behavior with strategic corporate goals. A good Incentive compensation strategy acts as a catalyst to keep the sales teams motivated and helps businesses meet their sales and performance targets.
However, the impact and benefits of incentive for sales and sales management system mainly depend on several factors. The right incentive compensation plan must adhere to some key guiding principles to ensure maximum results with minimal effort.
Incentive compensation can significantly benefit you if you have the right sales incentive plan design that aligns with your business needs. Here are some key elements that an ideal incentive plan should have.
A good incentive compensation program (ICM) provides several benefits for a company. Take a look at the various benefits you get with the right IC plan.
Well, as you can see, planning the right IC strategy and implementing the most efficient sales performance management system are the primary keys to the success of the sales incentive compensation (IC) plan.
However, with the constantly changing business environment, managing sales incentive (IC) plans using excel spreadsheets and legacy systems can be really tedious and costly resulting in significant loss of time, and money as well as higher response time to business changes. The automated sale incentive compensation solution can help organizations be ready for evolving market needs and also prepare them to take proactive actions for higher performance outcomes.
With an effective platform like the Incentive Manager from Aurochs, you can completely automate your sales incentive programs and significantly reduce the processing time and total cost of ownership related to sale incentive compensation management, all while boosting operational efficiency.
Here are some benefits of implementing Aurochs Incentive Calculation Manager:
Clearly, incentive program automation is the best strategy for your business. It helps you overcome various limitations associated with manual/traditional incentive calculations and empowers you to change your sales performance game.
So, if you are designing a new incentive bonus program for the new year or looking to improve the performance of your existing program, all you need to do is get in touch with Aurochs.
Get the best incentive calculation manager for your incentive program and experience an overall performance boost.
Automate your incentives in 6 weeks.