How to automate sales commission calculation in Pennylane
Palette connects with any data source to automate sales commission calculation! Get started now with our intuitive and powerful compensation engine.
Pennylane
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PALETTE
Examples of resources available to calculate commissions
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Invoice
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Product
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Customer
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Estimate
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Subscription
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Custom Object
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3 steps to get started with Palette
Connect your CRM/Billing system
We developed 1-click secured connection with HubSpot, Salesforce, Sellsy, Close, QuickBooks and others.
Create plans and define your rules
We developped 1-click secured connection with HubSpot, Salesforce, Sellsy, Close, QuickBooks and others.
Invite team
Invite your sales team in Palette as well as your managers, finance and HR teams so they can access the data they need.
Should you automate sales commission calculation when using Pennylane?
For businesses using Pennylane, automating sales commission calculations is crucial to streamline financial operations and ensure accuracy. Relying on Excel for these tasks can introduce numerous issues, such as human errors, data discrepancies, and the laborious nature of manual updates. As your financial operations expand, managing Excel sheets becomes overly complex and difficult to handle, increasing the risk of mistakes that can impact your bottom line and employee satisfaction. Automation enhances precision and reliability while saving valuable time, allowing your team to focus on strategic initiatives. PaletteHQ is the best tool for businesses utilizing Pennylane, providing seamless integration that ensures your sales commission data is always accurate and current. PaletteHQ connects effortlessly with all major CRM providers, offering a comprehensive solution that bridges the gap between your CRM and Pennylane. This integration supports real-time updates and detailed reporting, giving you a clear, consolidated view of your sales performance and commissions. By choosing PaletteHQ, you opt for a robust, user-friendly platform that eliminates the complexities and potential errors of manual calculations, ensuring your commission processes are efficient, transparent, and reliable.
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.
The best teams
rely on Palette
Trusted by leaders
around the world
Rated
on G2
Gwendolyn Damaren
Revenue Operations Manager @ Contentfly
The implementation team is super responsive, quick to reply and always happy to jump on a meeting. They listened to our feedback and iterated fast on the product. It's exactly what we needed!We are using it to calculate the commissions of our AEs, SDRs, BDRs and Managers. It also allowed us to connect with Stripe and reconcile the Stripe charges with HubSpot deals. Palette provides visibility for each rep with customizable dashboards.
Jenny Schwartzenhauer
Systems Operations Manager @ Nextech AR
The Palette team was able to tkae our complex commission structure and automate it - saving us hours and hours of work each month. the design is clean and easy to understand. We love it! Palette made it easy to translate information gathered form our CRM and accounting software into clear statements to the Sales team, updated in near real-time as sales and payments were happening. It streamlined and standardized the process and way that our teams work.
Pierre-Etienne Daviet
Chief Financial Officer @ Play Play
Palette allowed Playplay to scale the calculation of commissions and manage complex plans. Commissions payouts are now calculated instantly, without errors. It has freed up a lot of time for our small finance team and our managers can monitor the team's performance in real-time. Bonus point for their great support!
Danny Zorotovich
Chief Financial Officer @ Kandji
Palette was game changer for us!Implementation was smooth and all teams are very happy with their dashboards. Finance is thrilled to not be wasting time in manual spreadsheets. Commission plans for all teams are managed and automated on Palette. (AEs, Sales Engineers, SDRs, and management). They were also able to reconcile data from SaaSOptics with HubSpot deals which was a key benefit for us. As the CFO, I now have a real-time view of the company’s performances.
Remi Knudsen Allegre
Senior VP Business operations @ SalesScreen
Looking for the next level commission management software?Your search can end here. Palette is, hands down, the most intuitive, flexible, and powerful solution out there. We design, simulate, compare, roll out and manage commission models for our entire Revenue department with Palette. Our business Operations team has saved countless hours every month and has kissed Excel spreadsheets goodbye for good.
