Sales commission software is a system that calculates commissions and bonuses, as well as tracks sales. This type of software is very common in the sales industry. A sales compensation management software helps to keep track of all payments and commissions, which is especially important when there are many salespeople in an organization.
The software also makes it easier to do things like:
- Calculate commissions for each type of sale (e.g., retail vs wholesale)
- Track bonus payments
- Calculate the total amount owed to each individual