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What is Xactly Commission Expense Accounting?

A comprehensive solution for overseeing commission expenses that ensures compliance with the latest ASC 606 and IFRS 15 standards. This platform streamlines the adjustment process for true-up changes caused by various contract-related events, such as contract modifications, shifts in employee status, or customer cancellations. Moreover, it automatically manages impairments due to alterations, including changes to start dates and adjustments in the benefit period. By providing a holistic view of the commission expense lifecycle, users gain access to an extensive array of automated reports and dashboards that include amortization schedules, profitability assessments, accounting model comparisons, and summarized roll forwards categorized by group. Xactly CEA delivers a robust, end-to-end solution that simplifies adherence to ASC 606, supporting both full and modified retrospective approaches. It also integrates seamlessly with existing organizational systems like CRM, HRIS, CLM, and CPQ platforms, enhancing its utility across the business. Furthermore, Xactly CEA adeptly handles multiple accounting books, ensuring compatibility with all downstream accounting ledgers. This functionality guarantees that organizations keep a transparent and precise record of their commission expenditures, which is critical for maintaining integrity throughout financial reporting and analysis. Ultimately, this solution not only increases efficiency but also empowers businesses to make informed decisions based on accurate data.

What is CommissionCalc?

CommissionCalc simplifies the process of calculating commissions and rebates, leading to a substantial decrease in the time required for these activities, while also reducing errors and boosting the morale of sales staff. This tool can potentially reduce the time the Accounting Department spends on commission calculations by up to 90%. Additionally, it lessens the time commitment from sales teams and their managers, who would otherwise engage in "shadow accounting" to verify their commissions instead of concentrating on actual sales. The traditional method of manually calculating complex commissions often results in an error rate between 2% and 5%, with unrecognized errors frequently causing overpayments, as individuals receiving commissions are more likely to notice underpayments than overpayments. While businesses typically implement CommissionCalc for time savings, they often find that the resultant increase in precision yields even more significant advantages. Ultimately, the fundamental objective of commission systems is to motivate sales personnel, which necessitates timely recognition of rewards, transparency in reporting, and assurance in the accuracy of payments. By effectively addressing these critical aspects, CommissionCalc not only optimizes the commission process but also cultivates a more efficient and engaged sales atmosphere, encouraging better overall performance.

Media

Media

Integrations Supported

Salesforce

Integrations Supported

Salesforce

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$2500.00/one-time
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Xactly Corp

Date Founded

2005

Company Location

United States

Company Website

www.xactlycorp.com/products/commission-expense-accounting

Company Facts

Organization Name

Flaum Technologies

Date Founded

1987

Company Location

United States

Company Website

www.commissioncalc.com/commissioncalc.html

Categories and Features

Commission

Affiliate Management
Agency Commission
Commission Calculations
Commission Scheduling
Commission Tracking
Compliance Management
Flat Commissions
Incentive Programs
Multi-Tiered Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions

Categories and Features

Commission

Affiliate Management
Agency Commission
Commission Calculations
Commission Scheduling
Commission Tracking
Compliance Management
Flat Commissions
Incentive Programs
Multi-Tiered Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions

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