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The market for automated commission tracking solutions is expanding among SMEs as the awareness of its advantages is increasing.
These figures highlight how crucial it is to use reliable commission-tracking software for small businesses to improve employee satisfaction and business operations.
This blog highlights the top 10 commission tracking software for small businesses. We will explore their key features, benefits, and how they can transform commission management, ultimately boosting sales team morale and performance. And help you make an informed decision for your small business.
Key features to look for in commission tracking software
A booming fintech company implemented Compass, a commission tracking system, to improve its sales operations. This system enables real-time tracking of sales representatives' commissions, ensuring both accuracy and transparency in compensation. It has streamlined the commission calculation process and motivated sales teams by offering immediate insights into their earnings.
As a result, the company saw a 36% increase in payout adoption and a 34% increase in incentive program qualifiers within 90 days. Therefore, a well-chosen commission tracking software can optimize and enhance the sales commission process. To select the right tool, consider the following features.
- Automated calculations: To guarantee precision, economize time, and minimize human errors, automate commission computations.
- Customizable commission structures: Able to make commission plans that are adaptable to different team requirements and sales tactics.
- Integration with CRM and accounting software: Integration possibility with your accounting and CRM systems with ease for a streamlined workflow.
- Real-time reporting and analytics: Features for up-to-date reports and analytics to monitor sales performance and make informed decisions.
- User-friendly interface: Having an interface that is simple to use, intuitive, and requires little training to increase user adoption.
- Scalability: Select software that can scale with your company and change to meet evolving demands and higher sales volumes.
Top 10 commission tracking software for small businesses
1. Compass by Giift
Compass by Giift is a robust commission management solution for sales teams. It provides smooth CRM system integration, automatic computations, and real-time performance tracking. Compass is perfect for companies that want to increase efficiency and transparency because it makes it easier for managers and salespeople to remain on top of goals and boost output as a whole.
Key features
- Real-time tracking and updates
- Regulatory compliance monitoring
- Employee performance tracking against targets
- Seamless integration with CRM systems
G2 Ratings: 4.7/5
Capterra Ratings: 4.5/5
2. Performio
Performio is a flexible incentive compensation software suitable for companies of any size. Its meticulous analytics, customisable structures, and automated commission calculations make it an excellent option for handling complicated compensation programs. Performio seeks to improve sales success by streamlining commission procedures and offering useful data.
Key features
- Automated commission calculations
- Customizable commission structures
- Detailed reporting and analytics
- Highly customizable and user-friendly interface
- Robust reporting capabilities
G2 Ratings: 4.2/5
Capterra Ratings: 4.3/5
3. Spiff
For small sales teams, Spiff is an easy-to-use and transparent commission tracking software. It easily interfaces with different CRM systems, providing real-time visibility into commission computations and sales pipelines. Businesses may increase sales success, increase transparency, and guarantee precise and timely payouts with the help of Spiff.
Key features
- Transparent commission tracking
- Integration with multiple CRM systems
- Real-time visibility of sales pipeline
G2 Ratings: 4.7/5
Capterra Ratings: 4.7/5
4. Everstage
For businesses that are expanding quickly, Everstage offers a commission tracking solution that is both gamified and easy to use. Everstage makes incentive administration easier with its real-time performance analytics and versatile integration options, which also increase sales productivity. It is intended to increase return on investment by enhancing commission tracking's transparency and appeal.
Key features
- Real-time commission tracking
- Gamified incentive experience
- Flexible CRM integration
G2 Rating: 4.8/5
Capterra Rating: 4.9/5
5. CaptivateIQ
CaptivateIQ offers a highly adaptable commission tracking platform that simplifies complex compensation plans. With its logic-based modeling approach and real-time commission insights, CaptivateIQ empowers businesses to manage and motivate their sales teams effectively. It is known for its user-friendly interface and robust customization capabilities.
Key features
- Logic-based modeling for workflows
- Real-time commission tracking
- User-friendly interface
G2 rating: 4.7/5
Capterra rating: 4.8/5
6. QCommission
With customisable commission rules and extensive reporting, QCommission is a feature-rich commission management software. Adaptable to a range of sectors, QCommission assists companies in automating and optimising their commission procedures, guaranteeing precise and prompt payouts while offering insightful data on sales success.
Key features
- Comprehensive commission management
- Detailed reporting and analytics
- Customizable commission rules
G2 rating: 4.6/5
Capterra rating: 4.4/5
7. Xactly Incent
A commission monitoring system powered by artificial intelligence, Xactly Incent provides real-time reporting and advanced analytics. It assists companies of all sizes in managing complex compensation schemes and guaranteeing compliance because it is scalable. Xactly Incent uses automated procedures and data-driven insights to increase sales effectiveness.
Key features
- AI-driven analytics
- Real-time visibility and reporting
- Compliance tracking
- Scalable for large teams
G2 rating: 4.2/5
Capterra rating: 4.2/5
8. Varicent
Real-time analytics and precise compensation administration are combined in Varicent, making it a powerful commission management software. Small businesses will find Varicent's scalable and adaptable tools ideal for managing incentives, boosting sales, and guaranteeing precise payouts. Businesses are assisted in making wise decisions by its automated insights.
Key features
- Advanced compensation management
- Real-time analytics
- Insights and Improve Forecasting
- Robust and scalable
G2 rating: 4.5/5
Capterra rating: 5/5
9. Commissionly
A cloud-based commission management software Commissionly is intended for small to medium-sized enterprises. It provides simple setup, real-time tracking, and smooth CRM system interaction. Commissionly is an excellent option for companies wishing to simplify their commission procedures because of its priority on affordability and user-friendliness.
Key features
- Cloud-based commission management
- Integration with major CRM systems
- Real-time tracking and reporting
- Easy to use and set up
G2 rating: 4.8/5
Capterra rating: 4.9/5
10. QuotaPath
A simple and easy-to-use commission tracking tool, QuotaPath connects with most major CRM systems. It helps sales teams better track and manage their commissions by providing them with real-time information and comprehensive statistics. QuotaPath seeks to improve commission tracking's visibility and accuracy to promote efficiency and sales growth.
Key features
- Transparent commission tracking
- Integration with major CRM systems
- Detailed analytics and reporting
G2 rating: 4.7/5
Capterra rating: 4.5/5
Concluding thoughts
For firms looking to increase productivity and optimize their sales compensation procedures, selecting the appropriate commission-tracking software for small businesses is essential.
Every software mentioned above has different features, benefits, and drawbacks. You may improve the transparency and effectiveness of your commission management by weighing the options and selecting the one that best suits your company's requirements.
By integrating Compass into your commission management system, you can significantly enhance transparency, streamline the tracking process, and boost overall efficiency. Weighing your options and selecting the best solution for your company’s unique needs will ultimately lead to better performance and a more motivated workforce. Book a demo call with the specialists at Compass now!
