Why are Sales Quotas Important
Setting up a strategy is a crucial part of every company or business. A growing corporation depends on a proactive sales team to offer great sales volume and hit revenue
Solutions for Manufacturing Industry
Drive business growth by aligning employee incentives to strategic goals. Motivate sales reps to outperform targets with effective communication plans, visibility into commission details, and instilling confidence in compensation data.
Lack of Data Transparency
It is difficult to motivate sales reps when reps are focused on ensuring their commissions for the period are accurate. No clear visibility into commissions results in shadow accounting & a lack of confidence in the compensation teams & data.
Employee Performance Management
Designing & effectively communicating rewards programs that align to strategic goals such as revenue growth, profitability and inventory management are core to business growth in the manufacturing industry.
Financial Performance Improvements
Without an agile, collaborative approach to Fp&A, manufacturing firms miss out on the opportunity to identify growth opportunities by assessing macro trends, identifying areas of production costs reductions, creating product-level forecasts & estimating ROI on marketing spend.
Ease of Compensation Administration
Manual compensation management brings with it the danger of long payroll processing times. Without a proper inquiry management and reporting system, administrators can easily lose the trust of the sales team & lower productivity.
SPM and EPM Solutions deliver the right information at the right time right to your fingertips
InnoVyne Solutions
Drive accelerated top-line growth by aligning sales behavior to sales outcomes. Empower your sales teams to outperform targets by optimizing territories, quotas and compensation plans for maximum effectiveness and complete visibility into performance trends.
Turn Financial Planning & Analysis (FP&A) into an advantage. Realize transformative business value by responding to market changes with agility and resilience with collaborative planning, always-on forecasting & predictive financial intelligence.
InnoVyne Insights
Read More »
Commission Tracking: Why it matters and how to do it right
It is no secret that some sales teams, if not all of them, are motivated to close deals faster by the commissions they will receive for meeting their sales quotas.
Sales Performance Management in the High-Tech Industry
Characterized by a high degree of innovation and speed of change, the technology industry has changed our lifestyle, our society and our culture. Recently, the world has seen the effects