A commission tracking software automates the management of sales commissions within a company or organization. It simplifies calculating, monitoring, and distributing commissions to sales representatives, agents, or employees who earn part of their income through commission-based sales. These platforms, commonly used in industries such as sales, insurance, real estate, and finance, automate commission calculations based on specific rules, saving time and minimizing errors caused by manual computations.
Choosing the right commission-tracking software can be the difference between a motivated sales team and a confused, frustrated workforce. Below, we have compiled a list of the 20 best commission-tracking software for 2024.
1. QCommission
QCommissio tracks commissions, royalties, and bonuses, offering standard reports like annual incentive summaries, compensation adjustments, and payee incentive commission reports. It integrates seamlessly with leading CRM platforms and top accounting systems, analyzing sales data and calculating commissions based on sales representatives’ performance.
2. Core Commissions
Core Commissions empowers organizations that offer sales commissions by simplifying the process. With its drag-and-drop technology, users can easily set up commission rules and generate custom reports. It ensures compliance with regulations and reduces calculation errors, allowing for accurate payments to sales representatives.
3. EngageBay
EngageBay has customer tracking tools that make managing customer relationships easier for businesses. It integrates CRM, marketing automation, and help desk functions, enabling organizations to improve customer interactions, track leads efficiently, and enhance customer service. The platform lets companies systematically log and record customer communications.
4. QuotaPath
QuotaPath offers a flexible plan builder, making it ideal for businesses with rapidly changing commission structures or those aiming to develop a customized sales compensation plan. In addition, the platform accommodates both simple and complex plans. What truly sets it apart, however, is its ability to let users test their rules beforehand, allowing for any needed adjustments before fully implementing the plan.
5. Spiff
Spiff automates commission calculations and tracks sales commissions, helping sales teams stay motivated. Sales reps can see their earnings as they close deals, promoting transparency and driving performance. With integration into major CRM tools, Spiff is a preferred solution for businesses looking to grow. Key features include real-time commission tracking, easy CRM integration, and dashboards for enhanced insights.
6. Everstage
Everstage offers a user-friendly, no-code platform to simplify sales commission tracking and automation. It empowers teams by providing real-time insights into earnings, motivating them to achieve more. The platform helps the design, modeling, and customization of commission plans to align with business objectives. Additionally, it manages data efficiently for precise commission calculations while ensuring security through advanced access controls.
7. Xoxoday
Xoxoday Compass empowers sales representatives with competitive incentive structures through its commission tracking software. Organizations can enjoy impressive ROI by implementing effective sales compensation plans. This software helps the operations and auditing processes, significantly reducing the time spent on commission processing. Additionally, Xoxoday Compass simplifies the sales commission workflow, delivers actionable insights, and ensures timely payouts.
8. Performio
Performio is a solution for tracking sales commissions, enhancing the accuracy and efficiency of commission calculations. This user-friendly tool empowers organizations to boost performance immediately upon implementation. With Performio, businesses can automate their commission processes, execute incentive and compliance programs, and explore new markets with innovative products.
9. CaptivatelQ
CaptivateIQ empowers companies to transform their sales expenses into key business drivers. With its unmatched flexibility, it allows users to track commissions seamlessly. You can sync any data source and apply any logic you need. CaptivateIQ simplifies the complexities of compensation while offering a user-friendly interface that resembles Excel, combined with data management features and calculations for compensation.
10.Varicent
Varicent provides sales compensation software that enables organizations to develop and oversee their sales compensation plans effectively. Our suite of sales and revenue performance solutions empowers enterprise businesses to achieve significant efficiencies and enhance top-line results. With our intuitive sales dashboards and models, decision-making improves at every level of the organization.
11. Palette
Palette manages sales commissions, helping you save time and minimize errors. With its user-friendly interface, Palette simplifies the process of reviewing your commissions and makes it easily accessible. You can track your current goals, ensuring you stay on target. Designed to accommodate even the most intricate commission plans, Palette allows you to initiate commission payouts based on customer payments and product usage thresholds.
12. Iconixx
Iconixx provides an automated sales performance management solution that helps businesses design, manage, and monitor commissions for their partners and channel representatives. This tool caters to various industries, including retail, life sciences, insurance, healthcare, and manufacturing, enabling organizations to effectively plan, establish, and track compensations, commissions, salaries, and incentives for individuals and teams.
13. Xactly Incent
Xactly empowers organizations to unify their revenue ecosystem by providing robust planning, optimizing performance, and offering predictive data solutions. This enterprise-grade commission tracking software caters to businesses with complex commission structures, enabling them to manage large teams and intricate compensation plans with ease. With Xactly, you can effortlessly track your commissions, bonuses, and performance against your goals.
14. Qobra
Qobra is an all-in-one sales commission software that aligns revenue teams. This platform automates the management of sales commissions and incentive plans, making it easier for organizations to handle these processes. With commission updates and comprehensive analytics, Qobra ensures that sales performance aligns with business goals. Notable features include automated commission calculations, team leaderboards, and integration with popular CRM systems.
15. Commissionly
Commissionly automates your sales commission process, helping you save both time and money while boosting productivity and minimizing errors. By automating commission calculations, this software significantly reduces mistakes in payments. With the Commissionly platform, you can accurately calculate commissions on both initial contracts and ongoing residual payments.
16. Blitz
Blitz is a flexible and adaptable platform designed to support innovation and modernization. This solution uses automation to reduce errors and cut costs. Additionally, Blitz provides features that encourage sales teams and enhance overall business efficiency. These include tracking and calculating commissions, commission plans, quota management, clear reporting, and multi-tier commissions.
17. ElevateHQ
ElevateHQ transforms the way businesses improve staff performance by offering more than just traditional commission automation. This tool aims to enhance sales incentives and is based on the idea that motivated people lead to exceptional results. With ElevateHQ, companies can easily track and calculate commissions. It also helps modernize the way organizations boost performance through effective incentives.
18. Visdum
Visdum makes it easy to set up and automate sales commission programs, no matter how complex they are. It automates the calculation of commissions and incentives, ensuring efficiency. Additionally, it involves planning, validation, adjustments, payments, tracking, and measurement through rule-based automation. Its CRM commission tracking software provides a reliable solution for achieving accurate, clear, and timely commission payments while preserving the integrity of CRM data.
19. Salеs Vista
Sales Vista simplifies the entire process from planning to measuring through automated calculations and rule-based automation. You can calculate commissions and incentives automatically, which makes things easier. Planning, validating, adjusting, paying, tracking, and measuring can all be done automatically. Plus, you can access a wide range of statistics and analytics for detailed reporting.
20. Tipalti
Tipalti is a complete finance automation tool that goes beyond simple commission tracking, focusing on managing international teams within large companies. It offers several key features, such as managing invoices, automating payments, onboarding suppliers, ensuring global payment compliance, automating workflows, and analyzing reports.