Sales teams thrive on motivation and clear incentives, but designing an effective commission plan can be complex. In fact, only 28% of surveyed salespeople believed they could meet their sales targets in 2022. Spiff comes in by implementing a compensation plan that rewards reps for closing more deals. But what is Spiff? Spiff from Salesforce is an incentive compensation management (ICM) platform designed to automate even the most complex commission structures. By eliminating manual calculations, Spiff ensures that sales teams are compensated accurately, efficiently, and in real time.
In this post, we’ll go over the key features and benefits of using Spiff and why you should consider hiring a Spiff partner to implement such a robust program.
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As mentioned earlier, Spiff is an industry-leading ICM system that automates the commission process. After Salesforce acquired the tool in February 2024, Spiff has become an increasingly popular tool for organizations with complex reward structures.
Creative incentive programs — such as SPIFF (Sales Performance Incentive Fund), SPIV (Sales Program Incentive Coucher), and sales compensation plans — are additional ways to fuel salespeople to close more sales. Business leaders utilize both short-term and long-term incentive programs to boost sales productivity; however, calculating these intricate rewards manually can become difficult and hinder an organization’s scalability.
Introducing an ICM system like Spiff empowers your finance team to quickly and accurately commission based on the individual sales rep’s performance. Utilizing this single source of truth allows:
EBQ’s quick insights:
In comparison to other ICM competitors, our Salesforce experts are drawn by these 7 key features that make the commission process more efficient, transparent, and effective:
Spiff simplifies commission management by reducing manual effort, improving accuracy, and cutting administrative costs. You might have considered hiring additional financial professionals to keep up with the increased sales productivity and commission calculation.
Before you make any drastic hiring decisions, you can reduce this downtime and even keep overhead costs lower by implementing Spiff to automate workflows so your team can focus on high-value work.
Accelerators, tiers, and triggers work together to push your sales reps to hit their goals. However, factoring in each sales activity and calculating their final commissions every pay period will be taxing on your finance team.
By leveraging Spiff’s ability to automate nuanced commission workflows, hundreds of commission calculations can now be done in seconds. With its integration with your payroll platform, you can quickly reward your sales team for their efforts and prevent payroll delays.
Building a team of finance professionals is an expensive endeavor. Not only do you have to pay a competitive salary, but you also have to account for their benefits, tools, and even onboarding downtime before they reach full productivity.
Spiff reduces administrative costs by leveraging real-time data to automate commission calculations. You can now rely on fewer people to periodically check Spiff’s workflows and address any concerns from the platform.
Salespeople and finance professionals get overwhelmed and frustrated when they have to open independent spreadsheets, cross-reference them, and manually calculate each commission estimate. Besides, there’s no saying if the spreadsheet these reps are referring to is the most updated file.
Spiff improves alignment by integrating all sales and finance data into one platform — thus allowing both teams to check their progress at any given moment. By having everyone reference one single source of truth, you can ensure the utmost accuracy and visibility across all departments.
Budgeting for a fair compensation program is often one of the most challenging aspects of leading a sales team. A more nuanced approach will inevitably lead to even more confusion down the road.
Spiff’s power to project sales commissions based on current activity using AI is unmatched. These insights allow for better sales projection down the line based on hard data — not estimations.
Spiff’s impact depends on expert implementation. Without the right setup, you risk calculation errors, misaligned data, and inefficient workflows—all of which can lead to frustrated sales teams and inaccurate payouts.
By partnering with EBQ, you can:
Spiff is by far the most robust commission platform on the market today, so it takes an expert to maximize the system. Without the right expertise, you risk missing out on key features that could optimize your commission processes. By partnering with a Spiff expert like EBQ, you gain the knowledge and hands-on support needed to unlock every advantage this sophisticated ICM tool has to offer.
Unlock the full power of Spiff with EBQ. Our Salesforce experts ensure seamless setup, accurate commission calculations, and ongoing optimization—so you get the most from your investment. Visit our Salesforce Consulting page to learn why thousands of organizations choose to partner with EBQ.
Makenzi is a Revenue Consultant at EBQ. She specializes in Salesforce Solution Engineering. With experience managing 100+ projects and streamlining 340+ workflows, she drives TOF growth and improves SQL-to-MQL conversions. Her expertise regularly delivers 200-300% ROI for organizations.
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