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With a growing number of small business, it is crucial to stay on top of your finances. Luckily, there are great commission tracking software that can help you do just that.
The “free commission tracking software” is a type of software that is used by small businesses to track their commissions. The software includes features such as commission tracking, sales forecasting and reporting.
The process of calculating and monitoring sales and performance-based compensation is automated using commission tracking software. It’s largely employed in the insurance, real estate, and banking sectors. Commission monitoring, sales forecasting, and payment processing are just a few of its key features. To select the finest commission tracking software, we looked at a number of different options and examined key features that small companies need.
Here are the top six commission tracking software options, along with examples of how they might be used:
- Overall, the best commission monitoring software with great commission forecasting features is Performio.
- Pipedrive is a great option for individuals or small commission-based sales teams looking for a customer relationship manager (CRM) with graphic pipelines for straightforward goal monitoring.
- QCommission is ideal for companies that want detailed commission reporting.
- Blitz: Excellent choice for companies that use incentive programs, such as those in the insurance, real estate, banking, and retail sectors.
- The best commission tracking software with strong email integration is NextAgency.
- Commissionly: A great option for consumers looking for a commission tracker with multi-stage payouts.
Performio is the finest overall commission tracking program we discovered. It allows users to personalize sales compensation procedures, produce reports and transactions, and anticipate commissions for their sales representatives.
Which Commission Tracking Software Is Most Appropriate for You?
We’ll offer you a tailored product match once you answer a few questions about your company.
Overall, the best commission monitoring software with great commission forecasting features is Performio.
Performio
Overall Score: 4.13 OUT OF 5 iOur score is based on our experts’ weighted analysis of hundreds of comparable items and services.
What We Enjoy
- Has a leaderboard that compares representatives’ performance to that of their colleagues.
- Provides effective commission forecasting tools.
What Isn’t There
- Customized plans need a long setup procedure.
- Third-party integrations are limited.
Summary of Costs
- Starting at $20 each month, this is a good place to start (up to 30 users)
- $25 per month is standard (up to 300 users)
- $30 per month for professionals (up to 300 users)
Performio provides customers with the tools they need to determine commission-based pay. It allows them to build commission systems and pay plans for salespeople. It also gives customers access to a commission table, which displays a detailed record of all distributions and their receivers. Its commission forecasting tool can anticipate commission pay amounts, outcomes, and accomplishment percentages.
However, Performio requires a lengthy setup process and has Third-party integrations are limited.. Users who need an easy-to-set-up system can consider Pipedrive, while those who require Integrations with a variety of third-party services can consider either QCommission or Blitz.
Features of Performio Commission Tracking
Performio offers tools for commission computation and forecasting that are simple to use. The following are the characteristics that we believe are most valuable to users:
- On desktop and mobile, agents may see all of their performance information, real-time leaderboards, commission payments, and commission estimations.
- Provides commission reports and complete transaction information for all of their agents to sales managers.
- Has strong reporting features that provide data-driven insights into the success of incentive plans and the performance of sales teams.
- Allows customers to correctly anticipate commission charges and manage accruals using modeling and forecasting capabilities.
- Salesforce, Oracle NetSuite, and DocuSign are examples of third-party software that can be integrated.
The agent dashboard on Performio displays the predicted commission, monthly performance, and ranking among peers. (Performio is the source.)
Performio may be found on the internet.
Pipedrive: Best Commission & Sales Performance Tracking Software
Pipedrive
Overall Score: 4.06 OUT OF 5 iOur score is based on our experts’ weighted analysis of hundreds of comparable items and services.
What We Enjoy
- Sales pipelines are shown graphically in a simple way.
- Revenue prediction reports are available.
- Customer service is available 24 hours a day, 7 days a week by live chat and email.
What Isn’t There
- A third-party integration is required for payment processing.
- There are no facilities for calculating commissions in the app.
Summary of Costs*
- $12.50 per month per user is required.
- Advanced: $24.90 per month for each user
- Professional: $49.90 per month for each user
- Enterprise: $99 per month for each user
- 14-day free trial
*Based on a yearly billing cycle. Except for the Enterprise package, monthly subscriptions are also available.
Pipedrive is a CRM system with goal tracking capabilities that allows users to determine bonus compensations based on individual or team success. Its Insights function generates deal reports that illustrate how many chances sales people won or lost, as well as why they did so. It’s an excellent option for businesses who want to pay salespeople based on performance-to-goal calculations maintained in their CRM.
However, Pipedrive needs third-party integrations for processing payments and There are no facilities for calculating commissions in the app.. Those who need both in one system can consider Commissionly.
Features of Pipedrive Commission Tracking
Pipedrive’s CRM dashboard includes capabilities that allow users to compute commissions depending on their success. The following are the characteristics that we believe are most valuable to users:
- Reports on sales cycle length and win rates are available to help users improve their sales operations.
- Users may create objectives for themselves, their teams, and the firm as a whole, then measure their success using real-time analytics on configurable dashboards and CRM reports.
- Agents can keep track of their leads and sales targets with the use of simple and highly graphic pipelines.
Users may track the success of each of their sales professionals using Pipedrive’s deal management application. (Image courtesy of Pipedrive)
Check out our Pipedrive review to learn more about the platform’s other features.
Go to Pipedrive.com.
QCommission is the best commission tracking software on the market, with comprehensive compensation reports.
QCommission
3.75 OUT OF 5 I I I I I I I I I I 1 Our ranking is based on our experts’ weighted assessment of hundreds of comparable items and services.
What We Enjoy
- Provides a variety of commission report forms.
- Salesforce and QuickBooks, for example, are prominent CRMs and accounting systems with which it integrates.
- Options for low-cost pricing
What Isn’t There
- The user interface seems to be obsolete.
- Novice users may face a steep learning curve at first.
Summary of Costs
- QCommission Pro costs $15 per month per user.
- QCommission Premier costs $21 per month per user.
- QCommission Enterprise costs $37 per month per user.
QCommission interacts with a variety of CRM and accounting applications to analyze sales data and calculate commissions depending on the success of sales agents. It allows users to create a variety of payee incentive commission reports, such as yearly incentive summaries, compensation changes, and payee incentive commission reports. Advanced commission calculating methods, such as split commissions and variable rate compensations, are also available.
However, QCommission’s The user interface seems to be obsolete., and beginners may experience an initial learning curve. Those who want a sleek interface can consider Blitz or Performio, while those who want a simple and intuitive system can consider Pipedrive.
Features of the QCommission Commission Tracking
Users may quickly calculate their agents’ commissions and produce payment reports using QCommission. The following are the characteristics that we believe are most valuable to users:
- Users may adjust commission payment schedules to monthly, quarterly, biannually, and yearly using the commission processing calendar.
- In the system, users may create payees, items, customers, programs, incentives, and sales quotas.
- Year-to-date commission payments, payee achievement versus targets, payee compensation changes, payee incentive commissions, commission due statements, and unpaid commissions are among the reports available.
- Salesforce, Microsoft Dynamics, SugarCRM, SuiteCRM, QuickBooks, Xero, and PayPal are just a few of the prominent third-party software that can be integrated.
QCommission creates commission statements that specify the commission sources and amounts associated with them. (Image courtesy of QCommission)
Visit QCommission.com for more information.
Blitz: Industry-Specific Incentive Features in Commission Tracking Software
Blitz
3.60 OUT OF 5 I I I I I I I I I I I Our ranking is based on our experts’ weighted assessment of hundreds of comparable items and services.
What We Enjoy
- Retail and insurance industries benefit from industry-specific solutions.
- It has a sleek, contemporary UI.
- Calculates commissions in real time.
What Isn’t There
- Technical knowledge is required for setup.
- Technical assistance is required for customizations.
Summary of Costs
- Blitz charges a monthly fee of $19, with a minimum of five licenses necessary.
Insurance, real estate, banking, and retail companies all benefit from Blitz’s industry-specific commission tracking systems. It has analytics and reporting, incentive projections, and real-time commission computations among its features. Its compensation calculation board allows customers to create bespoke compensation plans adapted to their procedures and needs, and it automates basic and complicated calculations.
Blitz’s setup, on the other hand, requires technical expertise, and configuring the system need professional assistance. Pipedrive is a good option for those who want a straightforward system to set up, whereas Commissionly is a good option for people who want readily customizable applications.
Features of Blitz Commission Tracking
Blitz’s real-time commission computations and sales estimates make it simple for users to manage commissions. The following are the characteristics that we believe are most valuable to users:
- Users may view trends and compute commissions, as well as hit estimates, evaluate sales data, and streamline the commission tracking process all in one place.
- Calculates commissions automatically and compares them to agent performance to identify high performers and those who need more instruction.
- Microsoft Dynamics, SAP, QuickBooks, Close.io, Salesforce, HubSpot, Xero, and Bullhorn are just a few of the prominent third-party software that can be integrated.
Blitz’s dashboard includes a scoreboard, total paid incentives, amount outstanding, and anticipated incentives, among other things. (Image courtesy of Blitz)
Blitz is a fun place to visit.
The Best Commission Tracking Software With Robust Email Integration Capability is NextAgency.
NextAgency
3.16 OUT OF 5 I I I I I I I I I I I Our ranking is based on our experts’ weighted assessment of hundreds of comparable items and services.
What We Enjoy
- Has a powerful email synchronization feature that matches leads to the appropriate agents.
- Reports on commissions and pay are abundant.
What Isn’t There
- Pricing that is too high
- It requires a long customisation procedure.
Summary of Costs
- NextAgency has a single pricing option, with a basic price of $93.75 for one person and $42.25 for each additional user.
NextAgency is commission tracking and processing software tailored to the insurance industry. It enables users to submit and track commissions, bonuses, fees, and overrides, among other things. Users may assess and track their remuneration by carrier, customer, product line, broker, rep, and sub-agent using the reporting options. It also syncs with users’ email accounts, allowing it to match leads to agents immediately, resulting in correct commission payouts.
NextAgency, however, has steep pricing options and It requires a long customisation procedure.. Users who need affordably priced plans can consider QCommission, while those who want an easy-to-set-up system can consider Pipedrive.
Features of Agency Commission Tracking
Users may monitor commissions from numerous sources, as well as audit commissions, bonuses, and overrides, using Next Agency. The following are the characteristics that we believe are most valuable to users:
- Allows customers to keep track of many types of pay, such as commissions, overrides, fees, and bonuses.
- Syncs with sales professionals’ email accounts, forwarding communications sent to or received from prospects and customers to their records automatically.
- Users may utilize historical data to see patterns and forecast the future, as well as track their remuneration by carrier, customer, product line, broker, rep, and sub-agent.
- From inside the system, users may create schedules, commission statements, attach files, add comments, and assign tasks.
- HubSpot, Salesforce, Zendesk, Mailchimp, Trello, and QuickBooks are just a few of the prominent third-party programs that can be integrated.
Users may get a glimpse of NextAgency’s commission distributions to different sales agents. (Image courtesy of NextAgency)
Go to NextAgency.com.
Commissionly: The Best Commission Tracking Software for Multi-Stage Commission Payouts
Commissionly
2.94 OUT OF 5 I I I I I I I I I I I Our ranking is based on our experts’ weighted assessment of hundreds of comparable items and services.
What We Enjoy
- Provides a multi-stage commission functionality that allows users to award sales agents depending on sales phases.
- Supports many currencies
- Integrations with a variety of third-party services
What Isn’t There
- Pricing that is too high
- Technical knowledge is required for setup.
Summary of Costs*
- Plan 1 costs $250 a month and allows for up to 15 users.
- Plan 2 costs $400 per month for a maximum of 30 users.
- Plan 3: Customized price for groups of 30 or more people
*Annual subscriptions are the basis for pricing. Users may also choose for a monthly paying option, which costs somewhat more.
Commissionly is a simple commission tracking system that works with a variety of programs, including CRM, accounting, ecommerce, payment processing, and recruiting. It includes commission sales split calculations, multi-currency support, multi-stage commissions, and commission payment processing when the objective is met.
However, Commissionly’s pricing options are expensive, and setting up the system requires technical experience. Users who want Options for low-cost pricing can consider QCommission, while those who want an easy-to-set-up system can consider Pipedrive.
Features for Tracking Commissions on a Commission-By-Commission Basis
Through sales split calculations and multi-stage commission processing, Commissionly assists users in managing incentives and compensations. The following are the characteristics that we believe are most valuable to users:
- Calculates and processes commission splits for projects involving several sales representatives.
- Users may design commission plans based on many factors, such as differing rates for different kinds of items, services, or locations, using the matrix commission function.
- Allows customers to pay commissions to multiple payees at different points of their sales and delivery processes, incentivizing them to meet sales targets.
- PayPal, Slack, Salesforce, Google Workspace, Shopify, Stripe, HubSpot, and Zoho CRM are just a few of the major third-party programs that are integrated.
Users may pick and manage multiple commission kinds, such as income splits and overrides, using Commissionly. (Image courtesy of Commissionly)
Pay a visit to Commissionly.
How We Decided Which Commission Tracking Software Was the Best
Commission tracking software is a sales management solution that uses commission formulae to replace manual spreadsheets and expedite incentive payout procedures. It must have tools that motivate representatives to monitor their success and raise their commissions, such as real-time commission computations and leaderboards. It should also provide a variety of cost-effective pricing options.
We also took into account the time and resources necessary to put the system in place. We also looked at how effectively they worked with other applications, such as CRMs, payment processors, and sales management systems.
The tabs below provide further information about how we choose the best commission tracking software:
40% of the overall score
Budget-friendly commission tracking software is essential. While the number of user seats isn’t a major concern, entry-level plans should allow users to access fundamental features and operate the platform successfully.
20% of the overall score
The goal of commission tracking software is to offer practical solutions that assist organizations in monitoring sales agents’ performance and compensating them appropriately. We looked at the possibilities and determined which ones provide the most important and basic functionality for small enterprises.
15% of the overall score
When evaluating a software’s ease of use, we look for two things: user-friendliness and intuitiveness. We looked at whether the program is user-friendly for beginners or whether it required some prior expertise to bring users up to speed.
15% of the overall score
Assistance is an important aspect of operating a program, particularly for small enterprises without in-house technical support. We looked at the sorts of assistance given by these companies through live chat, email, and phone, as well as the hours during which they are accessible.
10% of the overall score
We analyzed existing customer evaluations on reputable websites to determine the degree of happiness current customers have, as well as any issues they often face. Our ideas and expert opinions on essential features, value for money, and popularity were also included.
*Percentages based on total score
The “sales commission tracker excel” is a type of software that helps small businesses keep track of the sales they make. The software is used to track commissions and other earnings, as well as create reports for tax purposes.
Related Tags
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