10 Reasons to Move from Spreadsheets to Commission Software -Quotacal

1. Most organizations today swear by spreadsheets! We don’t blame them – the spreadsheet mania has caught on to functions in companies both big and small. Excel pros are saving the day with never-been-seen tricks and formulas! While we’ve got to give it to them for making our lives easier, considering the pace at which companies are growing today –you need more than just good ol’ spreadsheets to keep up! Coming to sales commissions, if you’re still taking the excel route (read: struggling) – we hate to break it to you but you’re doing it all wrong.

2. Studies have proved that close to 88% of spreadsheets contain errors! With today’s modern approach and mounting operational complexities – automation is the only way forward. Using sales commission software would be ideal for tracking and calculating your company’s sales incentives structure. Move over spreadsheets, sales commission software is here! There is a multitude of reasons why you need to make the switch from a manual, excel-process to an automated commission software. We’ll get to this shortly.

3. Let’s first talk about how you can avoid unnecessary commission payments by ditching the spreadsheets. According to reports by Gartner, organizations that use spreadsheets are most likely to get a 3% – 8% error rate resulting in an overpayment of sales incentives. Going by the proverb –‘To err is human’, when you’re working with spreadsheets the risk of errors that may arise in excel commission formulas cannot be omitted. Something as minor as adding an additional zero can wreak havoc in your payouts. Even a single-digit error rate in sales commission calculations can amount exponentially up to millions lost – resulting in a VERY expensive mistake.

4. Whereas, using sales commission software speeds up the whole process and removes the slightest chance of error in calculating and making payouts of sales incentives. Sales commission tracking software not only drives a higher ROI but also helps you improve your sales reps’ performance. Here’s what we’re talking about: Track sales performance of individual sales reps and the whole team to the T Save money by avoiding wrong payouts that come with spreadsheet calculations No more delays – expedite the process and make payments right on time Enjoy the ease of making sales commission payouts and achieve a better ROI True, tables and formulas in excel are the real heroes – but imagine setting this up for each payouts period. What you’ll need to do is copy the sales tracker to your master spreadsheet, put in those formulas, calculate the commissions and share a copy with each sales rep indicating the payouts they will receive.

5. Contact Us: General Inquires - support@unomok.com Sales - 91 - 880707 - 3737 Support - 1 - 812 - 00281354 Address:1014 Center Rd Suite 408-B Wilmington DE 19805 USA,219 Jayanagar Bangalore India Website:https://quotacal.unomok.com/