Why NetCommissions ?
What We Do
Help companies maximize the strategic impact of the money they invest in sales commissions through delivery of the Cloud based (SaaS) sales incentive & performance Management Suite
Important elements include:
- Data Management
- Process Administration
- Reporting
- Performance modeling
- Approval workflow
A dramatic upgrade over spreadsheets & homegrown
automation
Are you outgrowing spreadsheets?
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Eliminate manual errors
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Save time
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Improve Sales Force Productivity
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Lower administrative costs
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Improve strategic value of incentive compensation
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Communicate performance feedback to sales in real time so they spend time closing profitable business
Products and Services
NetCommissions provides an integrated, on-demand Sales Performance Management Software suite for companies of every shape, size and industry.
In addition to outstanding technology, NetCommissions also provides our customers with outstanding service offerings including Plan Management Services (as needed ad-hoc technical support) as well as Managed Services (process outsourcing). Centered around providing sales professionals with timely and accurate performance feedback, our solutions are designed to be easy for anyone to use but powerful enough to uncover critical insights that help drive never before seen business results.
NetCommissions is Unique:
Unlike One-to-many cookie cutter software that embraces a product centric 'One-size-fits-all' business strategy, NetCommissions unique customer centric approach allows each customer to drive scope, process flow and experience of each user. The result is a sales compensation solution that is incredibly intuitive, easy to use and a powerful driver of improved sales performance.
Based on the vision of helping out customers by managing the 'heavy lifting' involved with automating and administering this high risk business process, NetCommissions offers its customers a unique blend of technology and support so they can focus scarce resources on growing their business and avoid the administrative activity trap of this complex and high risk business process.
NetCommissions was founded in 2003 by industry experts and is headquartered in Wakefield, MA.
Why NetCommissions?
- Timely, accurate & clearly communicated sales performance feedback
- Modular Suite allows for Managed Growth of solution to keep pace with your changing needs.
- Think Big, Start Small, Act Quickly
- A la carte, Managed Growth Path
- Powerful Reporting
- CRM integration
- Centalized Platform
- VIP Service level provides all customers with high touch support
- Implemented and supported directly by Net Commissions personnel
- Responsive, Dedicated, Personal
- Management & Employee Bonus Plans
- MIP, KPI, MBO
NetCommissions Delivers Value
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Eliminate Shadow Accounting
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Eliminate Payment Errors
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Timely and Accurate Performance Feedback & Reporting
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Approvals Workflow
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Improve Flexibility Enables Rapid Shifts in Strategy
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Full Auditability & Control
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Plan & Individual Performance Modeling
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Increased Sales Productivity
Maximize the strategic beneift of your sales compensation process
NetCommissions Sales Commission Software drives higher sales productivity and lower costs
Improved Sales Force Productivity
Companies will reduce ‘shadow accounting’ - sales people manually tracking sales for which they believe they should be receiving credit and reconciling this with their periodic commission checks. This can save companies up to 1 day per month per sales person (5% of reps monthly capacity). This additional time spent selling not only decreases labor cost by adding at least 5% more efficiency to the sales force, but also impacts revenue as the reps will have an additional day a month to sell.
Improving employee satisfaction and confidence within the sales ranks in the commissioning process will decrease turnover (and associated productivity losses) and increase revenue (cost impact alone is estimated at $110K per sales rep) and revenue gained due to lower turnover can be significant (or said differently, revenue lost due to thin sales coverage will be minimized).
Improved alignment between sales efforts & company goals will drive higher value add activities such as selling the right product mix. By placing higher commission rates on target product lines, Gross margins can be improved (through selling higher margin products) and/or cash flow can be improved (by encouraging the sale of aging inventory).
Lower Costs
The elimination of errors in commission payments can significantly lower the cost of sales. By eliminating overpayments (estimated at between 5-15 % of commissions paid) the cost of sales can be greatly reduced. Additional benefits come from the elimination of ill will that attempts by companies to recover these commission dollars can generate.
Conversely, the elimination of commission underpayments will reduce administrative costs associated with dealing with disputes over underpayment of commissions and eliminate another source of ill will within the employee ranks.
The automation of business processes related to such activities as approvals (as in the case of a change to commission rates, the periodic approval of commissions payouts or the approval of a specific override) dispute resolution, notifications, etc. drive significant cost savings and much more streamlined business processes.
Companies will realize cost savings through the application of NetCommissions technology that may result in headcount reduction of the compensation administration team. These resources are freed up to address other issues more vital to the core competence of the companBy providing a critical mass of process experts whose sole focus is the application of NetCommissions technology to their business process, customers will realize cost savings when they choose to implement or update their incentive compensation plans.
Focus on Core Competencies
The incentive compensation process is conceptually simple, but very hard to do well. Situations are common where poor process execution can drive low levels of moral, high costs, and either a sense of mistrust or entitlement throughout the employee base. Partnering with NetCommissions frees a company to focus on what it does well – its core competencies – while teaming with experts whose sole focus isto help you deliver Best In Class the incentive compensation process.
The combination of a highly complex business process and the high cost of failure makes this a process one best handled by experts; NetCommissions. Managing incentive compensation can be very complex with incentive plans built on a complex set of interdependent business rules governing such matters as credit assignment for each sales transaction, eligibility, policies and procedures, etc. Companies with large sales forces in very competitive markets, and/or companies that are growing at a very fast rate will quickly outgrow their capacity to manage this process in an effective manner. The tasks involved are time consuming, technology intensive and fraught with high risks associated with workforce alignment and moral.
By choosing a Software-as-a Service approach (SaaS) the incentive compensation process, companies shield themselves from the current and future technology costs tied to managing the incentive compensation process internally.
Maximize Return on Investment
As the saying goes, ‘people do what they get paid to do’. The ability to respond quicker to a changing competitive environment through the use of a flexible commissioning system can be a tremendous strategic advantage for our customers.
Incentive compensation is, above all, a method of communicating feedback to an employee population in a timeframe and in terms that are meaningful to them. By investing in the incentive compensation process, buy-in throughout the company will be improved.
Focused on Your Success
"My sales team is becoming more strategic and can focus more time and effort on achieving their goals."
Large Mfg CRO
"Feedback from sales has been just excellent and exceptional, very happy with the way reports are laid out and how intuitive it is for the sales team to look at them and understand their performance"
CFO
Finance & Operations, Consulting Industry
"A process that used to take our team 2 weeks every month now takes 2 days"
Courtney Chaperon
Director of Finance, Mayer Electric
"Feedback from sales has been just excellent and exceptional, very happy with the way reports are laid out and how intuitive it is for the sales team to look at them and understand their performance"
Noah C
Managing Director of Finance & Operations, EduVentures, Inc
NetCommissions changed our commissions process forever.
Desmond T.
Director of Payroll and Compensation, Wholesale Distribution 1001-5000 employees Used the software for: 2+ years
Very glad we are using it. I use it to check on individual and group results. I like it because it is fast and simple. Most of what I need is easily viewable on one screen. Administrative functions and easily understood.
Kan S.
Comp Manager - Construction Used the software for: 1-2 years
Simple, yet elegant.
John D
Sales Operations
Our Approach
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Learn about your business objectives and goals
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Get to know you and your long term plans
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Evaluate the current state of your sales performance management process
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Identify areas for improvement
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Explore match between your needs and capabilities of NetCommissions - Cost Benefit / ROI
See For Yourself What NetCommissions Can Do For You
Our experts are looking forward to showing you how NetCommissions can help you turn sales performance into your competitive edge
Case Study: Helping Wholesale Distributors transform commissions into a competitive advantage
The Challenge
