Bonus and Commissions
M3 Bonus and Commissions keeps customers, salespeople and agents satisfied and motivated.
M3 Bonus and Commissions (COB) enables you to manage all activities related to planning, settlement and payment of bonuses and commissions. M3 COB handles multiple salespeople and agents in a single sales transaction. Each participant in the sale receives a bonus and commission according to his or her unique agreement.
Stay on top of costs
Developing and maintaining effective plans for bonuses and commissions is therefore critical to reaching sales goals. Efficient tools for continuous monitoring and follow-up mean that your salespeople spend time selling instead of developing their own manual systems. Furthermore, you can stay on top of costs accrued for future payments and avoid costly overpayments based on miscalculated sales figures.
Tailor unique agreements per product line
M3 Bonus and Commissions enables you to tailor unique bonus and commission agreements per product line, customer, salesperson and/or agent. M3 COB agreements can be based on sales volumes, contribution margins, quantities and more.
The bonus and commission process supports advances and partial payouts based on fixed values, as well as dynamic percentages based on accrued values and forecasts. Reservations for future payments, as well as final settlements, update the agreement, the sales statistics and the general ledger, thus helping to keep your contribution margins correct.
Stay in control
M3 Bonus and Commissions promotes sales by tailoring your bonus and commission agreements to align with your compensation and incentive plans. M3 Bonus and Commissions makes sure you stay in control by minimizing the costs of administration and of losses due to overpayment on agreements.
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