Sales commission software is a kind of software that allows sales agencies to create, manage and monitor commissions. It could be your standard commission tracking system, a platform that holds them all in one place to develop custom solutions for the individual needs of each client. It is a very useful tool that allows you to build custom solutions for the needs of your clients and automate the process of calculating commissions. You can optimise your sales process and save a lot of time, money and resources.
1. Campaign Analytics
Campaign analytics are basically a way to see how your sales compensation plans are doing over time. With this feature you can see which campaigns have been most effective and which ones have lost their way. You can also see which ones are giving you high conversion rates and what keywords are performing well. It is very important information that can help you to make adjustments with your marketing efforts so that your campaign does not lose its momentum.
2. Commission Calculation
Your commission calculation will allow you to see how much each campaign deserves. It could be very easy to set up a commission plan based on some kind of formula, but this can affect the results in the long term. Commission calculation is different because it puts emphasis on the conversion rate of each campaign and will automatically adjust itself depending on what type of client you are dealing with. This will help you gain more control over your campaigns and adapt them based on current market conditions, keeping your sales pipeline full and profitable at all times.
3. Conversions
The commissions are calculated automatically and this will only be used when the client has reached the conversion to purchase stage. It will also allow you to see where your leads are coming from and which sources are giving you the best returns. This is very important because it will provide information that will help you to focus your efforts on the most effective locations.
4. Assignments
Your sales campaign plans and projects can be based on whatever you like, but it would make things much easier if you have some sort of dashboard that shows all the client’s information in one place. This will include their name, address and details about their purchasing, so that you can assign them to the campaigns that are relevant for them and will offer your maximum possible commission. You can also get information related to the order status and sales cycle of each client when this feature is activated.
5. Client Management
Client management is a way of keeping track of who is working with you or who has purchased something from your company in the past. You will be able to see how much they have spent with you and what they bought in case they want to purchase more items or services in the future. This will allow you to track clients and keep them more than just a name in a database.
6. Time Tracking
Time tracking is very important in the field of sales and it will allow you to see all the times that your staff members are working, who is on what day and which hours they are working. This will allow you to create a collaborative and efficient team where each one understands their roles and responsibilities as well as the limits that they need to stay within. You will have complete control over your time and performance so that you know exactly how much time each agent is spending on their job.
ElevateHQ is an integrated sales commission software for modern sales teams that combines all of the features listed above into one platform. It comes with a lot of features designed to create the solutions that you need and offer you a way to track your customers, sales agents and marketing campaigns.
