Varicent vs Commissionly

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Our analysts compared Varicent vs Commissionly based on data from our 400+ point analysis of Sales Commission Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Varicent is a software provider that helps industries boost productivity and workforce motivation through incentives and sales performance management. It has an experienced team and preeminent partners that enable organizations to improve performance and drive profitability. The company mainly offers two resources — Diversity and Gender pay apps and a scholarship program called E.D.G.E.

It provides automating calculations, analyzing incentive compensation plans, managing sales territory assignments, accessing real-time performance dashboards, handling transaction inquiries, establishing a workflow for collaboration and making evidence-based decisions. The offerings are also categorized based on the need, role and services for ease of access.
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Commissionly is a fully automated solution that offers an affordable and intelligent way to pay sales employees. It handles a variety of commission structures, from the most basic to complex. It helps reduce the time and effort spent calculating and processing commission payments.

It provides real-time updates on performance, motivating team members. The vendor also provides insights and intelligence to financial managers and leadership teams to help forecast and strategically plan for the future.
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$56/User, Monthly
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Tailored to your specific needs
$15/User, Monthly
Get a free price quote
Tailored to your specific needs
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Product Assistance

Documentation
In Person
Live Online
Videos
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Live Online
Videos
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Email
Phone
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FAQ
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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Automate Calculations: Configure and schedule data imports to access transactions, products, customers and other data whenever needed. Schedule automated calculations to keep dashboards and reports updated and provide visibility to the sales team. Save money by reducing or eliminating under and overpayments. 
  • Streamline Sales Operations: Assign sales team quotas and optimally allocate the financial objectives to all sales channels and resources using the quota program. Effectively allot and communicate job expectations, planning and monitoring for better workflow and increased productivity. Plan and review payment actions and enforce policies around crediting eligibility. 
  • Identify Opportunities: Align corporate goals with sales methodologies and ensure sales efficiency. Predict future sales and direct the team accurately to meet the required quotas. Stay ahead of the competitors by discovering new opportunities via data recovery and augmented intelligence. 
  • Analyze Compensation Plans: Highlight and avoid abnormal results by tracking the outliers in the sales incentive compensation plans. View reports and compare the corporate strategy with the payout plan measures to ensure efficiency. Create model scenarios and check their effect on sales performance and payouts. 
  • Manage Sales Assignments: Manage sales assignments and quota targets by rep, account, product, geographic location or any other attribute. Create territory crediting rules to credit the right people and encourage fairness at work. Avoid missing market opportunities by identifying and realigning sales territory coverage gaps. 
  • Establish Workflows: Configure simple or complex workflows and routing processes. Automate payout calculations and quota relief to follow a routing process that requires review and approval by sales and finance leaders. Communicate compensation plans properly via a multi-level workflow and routing process. 
  • Track and Monitor Sales Performance: Manage all end-to-end processes using the integrated platform. Plan territories and quotas, improve revenue operations and pay sellers on time using the SPM solutions suite. 
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  • Increased Accuracy: Automate commission calculations to eliminate human errors and ensure precise payouts.
  • Time Savings: Streamline the commission process, freeing up valuable time for sales managers and finance teams.
  • Enhanced Transparency: Provide clear, real-time visibility into commission structures and earnings for sales representatives.
  • Motivated Sales Teams: Boost morale and productivity by ensuring timely and accurate commission payments.
  • Customizable Plans: Tailor commission structures to fit unique business needs and sales strategies.
  • Data-Driven Insights: Leverage detailed reports and analytics to make informed decisions and optimize sales performance.
  • Scalability: Easily adjust commission plans as your business grows and evolves without significant manual effort.
  • Compliance Assurance: Maintain adherence to regulatory requirements and internal policies with automated tracking and documentation.
  • Improved Forecasting: Use historical data and trends to predict future commission expenses and budget more effectively.
  • Seamless Integration: Integrate with existing CRM and ERP systems to ensure a smooth flow of data and reduce administrative overhead.
  • Enhanced Security: Protect sensitive financial information with robust security measures and user access controls.
  • Reduced Disputes: Minimize commission-related disputes by providing clear, auditable records of calculations and payments.
  • Global Reach: Support multiple currencies and international sales teams with ease, ensuring consistent commission management worldwide.
  • Performance Tracking: Monitor individual and team performance against targets to identify top performers and areas for improvement.
  • Cost Efficiency: Reduce operational costs associated with manual commission processing and error correction.
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  • Revenue Intelligence: Leverage revenue insights from marketing sources to improve forecasting accuracy and sales pipeline management. 
  • Real-Time Performance Dashboards: Create reports and dashboards for monitoring KPIs and staying consistent with business goals and objectives. Explore data patterns using augmented intelligence and get access to hidden insights and opportunities. 
  • Territory and Quota Planning: Assign and manage territory assignments and quota targets based on accounts, products, location or other attributes to minimize coverage gaps. 
  • Symon.ai: Enhance sales performance management with AI using symon.ai. Eliminate the need for data scientists by implementing flexible machine learning. 
  • Integrations: Integrate with other solutions to centralize data and align business processes. Connect to systems like CRM, HRIS, BI and more. Extract, transform and load data from other enterprise solutions using the Data Import Wizard. Save time and eliminate data entry errors by scheduling and automating data imports from external systems. 
  • Compensation Administration: Optimize incentive payout plans aligned with corporate strategies and objectives to motivate the sales team. 
  • Augmented Intelligence: Leverage artificial intelligence and natural language processing to automate responses to salesperson questions. Guide salespeople to their plan agreements and avoid confusion. Check the model regularly to prevent inaccurate compensation for specific sales transactions. 
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  • Varied Commissions: Calculate and track the sales compensation. Use the wizard to create complex commissions, including flat or tiered, revenue, profit or product-based plans. Set the commission against product sales volume, product sales revenue, product category sales volume and product category sales revenue. 
  • Multi-currency Support: Choose different currencies for different sales reps and sales managers. Display different deals in different currencies and run reports to consolidate all sales in the chosen currency.  
  • Sales Split: Leverage the revenue and overlay split features to credit teams and supporting team members. Create three additional split types by enabling custom splits for better information tracking and storage. 
  • Manager Override Commission: Handle manager overrides and set them up as part of any commission plan. 
  • Draws: Calculate draws automatically, display the final commission amount and send the remaining draw in the monthly report. 
  • Automate Payments: Connect with the invoice or payment system to automate the payment process and pay commissions to representatives only after clients have collected the payment. 
  • Clawbacks and Adjustments: Handle clawbacks and adjustments, and recover incorrect compensation paid to an employee due to inaccurate financial reports. 
  • Matrix Commissions: Create commission plans based on multiple variables. Set up tables that are easy to modify and maintain, with variable combinations. 
  • Catch Up: Reward reps based on achievements at the end of the target period. 
  • Target Required: Set specific thresholds for reps (a revenue or margin amount) that must be reached before they get paid. Automate the process and generate commissions only once the specified revenue amount has come in through sales. 
  • Unpaid Commissions: Accurately calculate due commissions to assess outstanding commitments in real time. 
  • Multistage Commissions: Pay commissions at different stages of the sales and delivery process to different payees. 
  • Criteria Filtering: Automate payments when specific criteria are met, such as ‘new business’ or ‘renewal business.’ 
  • Lookup Tables: Automatically match one set of data with another. Import data from existing sources and link it with corresponding data in the system. Build relationships between your data feeds to create commissions from more than one source. 
  • Delayed Payments: Schedule commission payments for a specific period. Set up automatic payments for one, two or more months after commissions have been earned. 
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Product Ranking

#22

among all
Sales Commission Software

#36

among all
Sales Commission Software

Find out who the leaders are

Analyst Rating Summary

83
78
81
56
100
100
97
97
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Dashboard and Reporting
Inquiry or Case Management
Territory and Quota Management
Deal Management
Dashboard and Reporting
Deal Management
Territory and Quota Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Varicent
Commissionly
+ Add Product + Add Product
Collaboration Dashboard And Reporting Deal Management Inquiry Or Case Management Platform Capabilities Territory And Quota Management 81 100 97 100 79 99 56 100 97 0 78 93 0 25 50 75 100
83%
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17%
50%
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100%
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100%
78%
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22%
78%
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22%
100%
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96%
0%
4%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

38%
0%
62%
46%
0%
54%

User Sentiment Summary

Great User Sentiment 276 reviews
Excellent User Sentiment 27 reviews
89%
of users recommend this product

Varicent has a 'great' User Satisfaction Rating of 89% when considering 276 user reviews from 3 recognized software review sites.

96%
of users recommend this product

Commissionly has a 'excellent' User Satisfaction Rating of 96% when considering 27 user reviews from 1 recognized software review sites.

4.5 (120)
n/a
n/a
4.78 (27)
4.5 (64)
n/a
4.4 (92)
n/a

Awards

SelectHub research analysts have evaluated Varicent and concluded it earns best-in-class honors for Inquiry or Case Management.

Inquiry or Case Management Award

Commissionly stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Flexible and Customizable: Users appreciate that Varicent can be tailored to their organization's specific compensation processes, such as bonus calculations or merit increases.
User-Friendly Interface: Many users find the system easy to navigate and use, even for those who are not tech-savvy.
Improved Efficiency: Varicent automates many compensation-related tasks, which saves time and reduces errors.
Data Insights: The platform provides robust reporting and analytics features that help organizations make informed compensation decisions.
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Automated Calculation and Tracking: Commissionly automatically calculates commissions based on defined rules, eliminating manual spreadsheets and reducing errors.
Real-Time Visibility: Sales reps can track their earnings in real-time, providing transparency and motivation.
Customizable Plans: The platform allows businesses to create various commission structures, accommodating different roles and performance goals.
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Difficult to Use: Users have reported that Varicent can be difficult to use, especially for those who are not familiar with compensation management software. Some have found the interface to be clunky and unintuitive.
Limited Reporting Capabilities: Some users have expressed frustration with Varicent's reporting capabilities, finding them to be limited and inflexible. They've noted difficulty in creating custom reports or extracting specific data points.
Poor Customer Support: Several users have reported issues with Varicent's customer support. They've described slow response times and a lack of helpfulness in resolving technical issues.
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Limited Customization: Users have expressed frustration over the platform's limited ability to tailor commission structures to their specific needs. For example, creating tiered commission rates based on product types or sales volume can be challenging.
Reporting Functionality: Some users have reported that the reporting features lack depth, making it difficult to gain granular insights into sales performance and commission payouts. This can hinder efforts to identify top performers or areas for improvement.
Customer Support: Response times from the Commissionly support team have been criticized by some users, leading to delays in resolving technical issues or getting answers to questions.
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Is Varicent a variable you should consider for your compensation management needs? Recent user reviews suggest that while Varicent offers a comprehensive suite of features, it may not be the perfect fit for every organization. Users praise its robust customization options, allowing for tailoring to specific organizational needs, which is particularly beneficial for companies with complex compensation structures. However, some users find the interface less intuitive than competitors like Lattice, requiring more time for training and adoption. A key differentiator is Varicent's focus on sales performance management, with features like "clawback" calculations and pipeline-based earning projections, making it ideal for businesses with sales-driven compensation models. Ultimately, Varicent is best suited for larger enterprises with intricate compensation plans, particularly those heavily reliant on sales performance. Its strength lies in its ability to handle complex calculations and provide granular insights into sales compensation. However, organizations prioritizing user-friendliness and a more streamlined interface might find other solutions more appealing.

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Is your sales commission process feeling a bit "commission-impossible"? Commissionly users have a lot to say about this platform. While many appreciate its user-friendly design and robust reporting features, enabling them to easily track commissions across multiple sales channels and generate detailed reports, some have expressed concerns about its cost and customer support. For example, users praise Commissionly's ability to automatically map agents to customer data, saving countless hours of manual effort. However, criticisms highlight that its pricing might be prohibitive for smaller businesses and that support responsiveness could be improved. Ultimately, Commissionly seems best suited for medium to large businesses with complex commission structures who prioritize ease of use and in-depth reporting capabilities, even if it means potentially paying a premium. Smaller businesses or those with simpler commission needs might find better value with more budget-friendly alternatives like Sales Cookie or QCommission, which offer similar core functionalities at a lower price point.

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Screenshots

Top Alternatives in Sales Commission Software


Anaplan

Blitz

CaptivateIQ

Commissionly

Core Commissions

Iconixx

Nice SPM

Oracle Sales Performance Management

Performio

QCommission

QuotaPath

Sales Cookie

SAP Commissions

Spiff

Xactly Incent

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