New: Intelligent Commission Adjustments
Imagine a world where making adjustments to sales commissions is easy. If a sales rep forgets to update the CRM, and isn't paid out the right amount, no problem - it will be automatically adjusted on the next payment cycle. Comp plan administrators could breathe easier knowing that errors would be caught and corrected in an automated fashion, all with their final approvals.
We are one step closer to that world with the release of Palette's new statements experience, launched this week.
Customers have a view of all statements with real time updates on the number of pending approvals and approval conflicts. They can also mark commissions as paid, freezing the corresponding amount as sent to payroll, even if there are later changes to the data structure.
Areas where corrections are needed are highlighted. Palette will make intelligent recommendations on what commission adjustments are needed in the current statement to fix any past errors. Administrators can hit approve, or edit these amounts as they see necessary.
Get more details about the full release here, or watch our explainer video.
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Why Palette?
Automate calculations
Automate sales commission payments. Create commission rules, define a payout schedule and access monthly statements for each sales rep.
Motivate and coach with real time dashboards
Motivate sales professionals with real-time visibility into commissions. Coach your team, align everybody with company goals and drive long term sales performance.
Compare, simulate and design commission plans
Roll out new commission plans with ease. Compare plans and simulate new rules with a single click.
No more errors
Palette keeps history logs and tracks every calculation detail, helping you to reduce sales commission errors.
Reconcile revenue with CRM data
With Palette you can reconcile invoices and payments with CRM data and pay commissions to your reps only when the money is in the bank.
Create challenges with one click
Incentivize your teams on short term goals. Create a challenge targeting any KPI you want to uplift, drive better results and boost your company’s culture.
