Sales compensation has become both more complex and increasingly critical to a company's success. While most finance departments struggle to manage the process, many run the risk of non-compliance with Sarbanes-Oxley (SOX) due to errors resulting from spreadsheet-based systems. Leveraging sales compensation management positively impacts a company's top and bottom lines because it aligns sales behavior directly to corporate financial objectives for increased sales performance and profits. Xactly Incent 7.2 reduces cost, risk and provides better insight for administering compensation. According to Gartner Research, managing compensation through manual processes can be time consuming and can lead to an error rate of anywhere between 3 to 8 percent. Xactly Incent solves this inefficiency by automating data collection and securely integrating it with a back office ERP, finance or order management systems. Xactly Incent also features historical record keeping and built in audit controls for every transaction, so finance administrators have an audit trail and can easily comply with regulations like Sarbanes-Oxley (SOX). Incent can also customize, route, track and approve compensation documents with the Xactly eDocs & Approvals add-on module.
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