PerformanceCentre makes managing 15 incentive plans, 7 sales roles, 4 payment cycles easy
Commissions are never straightforward, especially for financial institutions. With several variables employed for each calculation, it can be difficult to calculate commission compensation for loan officers and salespeople. This is especially true for banks, financial institutions and insurance companies with larger sales forces and high sales volumes. A single mistake can cost your institution dearly in revenue and time, and can negatively impact your organization’s relationship with its sales force. Avoid these pitfalls with PerformanceCentre.
PerformanceCentre is the best commission software for banks, mitigating the difficulties of sales commission management with easy-to-use software that implements best practices in your institution. Our performance-boosting features include:
Since our sales commission software was launched in 2006, PerformanceCentre has calculated over $300 million in commission payments, saving more than 500,000 administration hours for banks and financial service businesses. You can be confident it’s tried and tested.
“Ever since we deployed PerformanceCentre to automate our sales incentive compensation and recognition program we have reduced costs by 3% and reduced time spent managing the process by 75%. Our front line people love it because of the clear, up to date reporting and we love it because it helps us increase sales.”
Our software will help you control the cost of commissions and develop an incentive plan to attract and retain the best sales talent. All whilst being compliant will the rules and regulations in the banking and financial sector. Read how our clients were able to reduce their complexity, cut administration time and motivate their sales staff using our sales compensation software.
See for yourself how PerformanceCentre incentive compensation management software works.