IBM Sales Performance Management

581 views
427 views

Published on

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
581
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

IBM Sales Performance Management

  1. 1. IBM Software Business Analytics IBM Cognos Sales Performance Management Highlights • Automate commission calculations • Top-down and bottom-up quota planning • Sales analytics and performance reporting • Compensation plan modeling and forecasting • Manage and track territory assignments • Electronic plan approvals, inquiries and sign offs • View robust audit log • Available on-premise and Cloud Benefits • Drive sales behavior to boost cross-sell and profit • Reduce administration costs and errors • Align revenue targets to sales resources Improving sales effectiveness with speed, flexibility and visibility With a single application that manages sales compensation programs, data and processes, organizations are able to significantly reduce administration costs and drive profitable sales across the entire product portfolio. By automating compensation calculations, IBM® Cognos® Sales Performance Management distributes detailed commission statements to sales professionals in a more timely manner and with greater accuracy. As a result, field reps can conduct more customer-facing activities instead of spending time tracking their own sales and pay, while more accurate calculations reduce overpayment of commissions which help control corporate costs. Sales leaders and executives have even better visibility across the sales organization with the alignment of field reps along with their products, quotas and territory assignments, enabling them to effectively drive performance. Cognos SPM provides a single, integrated platform to manage sales performance processes including: Territory management Efficiently manage frequent territory reassignments and maintain crediting rules to help ensure more accurate compensation and optimal sales coverage. Cognos SPM enables organizations to define territories across complex combinations of geographies, industries and named accounts. Quota planning Align corporate revenue plans and objectives to each sales representative by establishing the appropriate quotas, commission rates, and product mix to motivate the right desired sales behavior. Cognos SPM automates workflow processes to efficiently facilitate plan sign-offs and approvals across the organization from a top-down or bottom-up approach.
  2. 2. IBM Software Business Analytics Best-of-breed sales performance management solution “ ognos SPM was selected based on its ability C to provide us the speed, flexibility and visibility for our sales compensation across all of our business units.” Business user centricity Cognos SPM is designed for business users and does not require IT resources or technical expertise in order to deploy and administer incentive programs. Compensation analysts are able to navigate through, create, and administer plans and reports without coding or scripting skills. This helps enable organizations to quickly roll out new incentive plans that more accurately align the sales team to constantly changing marketplace conditions. —  Global Information Services Director of a Global Medical a Technology Company Channel management Identify and manage sales talent to develop a high performing sales force. Cognos SPM tracks and manages employee attributes including certifications and training to help ensure that compensation and plan eligibility rules are properly applied and maintained. Analytics and reporting With a better understanding of the composition of their sales forces, organizations can better manage their internal and external sales capacity to capture more business opportunities. Cognos SPM provides an easy-to-use, graphical reporting tool that enables business users to quickly generate highly formatted and customized reports. Sales managers and executives can gain deep, detailed insight into sales performance and effectiveness such as profit margins, cost of sales, and account penetration in order to drive more effective selling strategies and enhance up-sell and cross-sell opportunities. Incentive compensation Modeling and forecasting Build and manage incentive plans efficiently through a graphical interface to drive corporate growth and profitability across the entire product portfolio. Cognos SPM automates commission calculations while managing complex compensation rules including sales splits, prior period pay adjustments, selfreported sales, and plan changes in a timely and accurate manner. Cognos SPM provides modeling capabilities that enable users to simulate the effects of plan changes or new components prior to roll out in order to optimize sales strategies and reduce risk. By modeling against real historical data, managers can more accurately forecast the payout amounts of incentive programs to control costs. Robust calculation engine Organizations can more quickly deploy sales incentive programs and processes using Cognos SPM’s library of prebuilt solutions. Users can focus on the distinct aspects of their plans rather than creating them from the ground up, dramatically reducing implementation time and expense. Faster to implement Cognos SPM delivers a robust calculation engine for managing sales compensation processes. With support for defining complex compensation logic, managing retroactive pay adjustments, tracking effective dates of incentive plans or territory assignments, and streamlining quota relief allocations, Cognos SPM can significantly reduce the amount of manual administration effort and calculation errors in managing sales compensation. Systems integration Cognos SPM consumes data from any number of disparate data sources, integrating directly into an organization’s existing infrastructure. Compensation results and commission statements can also be exported directly to downstream systems including payroll and customer relationship management (CRM) applications, business intelligence (BI) systems and corporate portals. 2
  3. 3. IBM Software Business Analytics Figure 1: Cognos SPM delivers high-level and in-depth detail into sales performance measures and metrics Customer experiences About Business Analytics Large bank holding company: IBM Business Analytics software delivers data-driven insights that help organizations work smarter and outperform their peers. This comprehensive portfolio includes solutions for business intelligence, predictive analytics and decision management, performance management, and risk management. • Reduced their commission calculation cycle from 2-3 weeks down to 1 day. • Impacted their profit margins by 25 percent by improving their plan management. • Reduced their annual review cycle down to monthly incentives. Business Analytics solutions enable companies to identify and visualize trends and patterns in areas, such as customer analytics, that can have a profound effect on business performance. They can compare scenarios, anticipate potential threats and opportunities, better plan, budget and forecast resources, balance risks against expected returns and work to meet regulatory requirements. By making analytics widely available, organizations can align tactical and strategic decision-making to achieve business goals. World-class employment services company: • Unified their data across Human Capital Management (HCM), Enterprise Resource Planning (ERP) and financial applications into a single repository. • Supported complex compensation plans to streamline sales planning and execution. • Delivered detailed, personalized commission statements to their payees so they could fully understand their payout results. • Modeled their compensation plans before rollout to better understand and optimize its impact on their business. For more information For further information please visit www.ibm.com/business-analytics. Leading provider of process control and yield management solutions company: • • To request a call or to ask a question, go to www.ibm.com/business-analytics/contactus. An IBM representative will respond to your inquiry within two business days. Achieved 5-6 additional selling hours a month per employee by improving reporting accuracy and reducing shadow accounting. • Request a call Reduced their administration of compensation process by 50 percent. Reduced errors in data and calculations by automating imports from key source systems. 3
  4. 4. © Copyright IBM Corporation 2013 IBM Corporation Software Group Route 100 Somers, NY 10589 USA Produced in the United States of America January 2013 IBM, the IBM logo and ibm.com, and Varicent are trademarks of International Business Machines Corp., registered in many jurisdictions worldwide. Other product and service names might be trademarks of IBM or other companies. A current list of IBM trademarks is available on the Web at “Copyright and trademark information” at www.ibm.com/legal/copytrade.shtml The content in this document (including currency OR pricing references which exclude applicable taxes) is current as of the initial date of publication and may be changed by IBM at any time. Not all offerings are available in every country in which IBM operates. THE INFORMATION IN THIS DOCUMENT IS PROVIDED “AS IS” WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING WITHOUT ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND ANY WARRANTY OR CONDITION OF NON-INFRINGEMENT. IBM products are warranted according to the terms and conditions of the agreements under which they are provided. Please Recycle YTD03254-USEN-00

×