Author: rav singh

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June 30, 2023 by rav singh

Streamlining Sales Compensation: How Top Manufacturing Brands Automate Commission Payouts

Streamlining Sales Compensation: How Top Manufacturing Brands Automate Commission Payouts In the competitive landscape of manufacturing, automating commission payouts has become a crucial aspect for optimizing sales performance and motivating sales teams. This article highlights the strategies adopted by some of the top manufacturing brands, including Tesla, Caterpillar, John Deere, 3M, GE Transportation, and Honeywell, […]

June 30, 2023 by rav singh

From Complexity to Simplicity: The Journey of Automating Commission Payouts

The life of commissions professionals in manufacturing companies has historically been complex and tedious. Manual processes for calculating global incentive payouts involve navigating multiple spreadsheets, resolving data discrepancies, performing complex math, and distributing funds through various channels. The resources, time, and costs required are substantial. And the risks of errors, delays, and non-compliance are high. […]

June 30, 2023 by rav singh

5 mistakes to avoid when automating commission payouts

For manufacturing companies, choosing to automate the commission management process is a strategic decision that pays substantial dividends. However, to leverage the full benefits of commission automation software, organizations must avoid key mistakes that undermine their success. This article explores 5 common pitfalls to watch out for when transitioning to an automated incentive compensation platform.  […]

June 30, 2023 by rav singh

7 benefits of automating commission payouts

In today’s fast-paced manufacturing world, rep and partner compensation is a strategic priority. However, the reality for many companies involves inefficient manual processes, lack of data visibility, high error rates, lengthy payment delays and limited scalability – all of which undermine salesforce motivation and performance.  Manufacturers worldwide are realizing these outdated commission management approaches can […]

June 30, 2023 by rav singh

Top 10 Nextbee features that help manufacturing companies automate commission payouts

In the dynamic and highly competitive world of manufacturing, automation plays a pivotal role in streamlining business processes and driving operational efficiency. NextBee, a leading software company, offers a comprehensive suite of features designed specifically to help manufacturing companies automate commission payouts. By leveraging NextBee’s cutting-edge platform, manufacturing companies can simplify their commission management, eliminate […]

June 30, 2023 by rav singh

From Complexity to Simplicity: The Journey of Automating Commission Payouts

The life of commissions professionals in manufacturing companies has historically been complex and tedious. Manual processes for calculating global incentive payouts involve navigating multiple spreadsheets, resolving data discrepancies, performing complex math, and distributing funds through various channels. The resources, time, and costs required are substantial. And the risks of errors, delays, and non-compliance are high. […]

June 30, 2023 by rav singh

5 mistakes to avoid when automating commission payouts

For manufacturing companies, choosing to automate the commission management process is a strategic decision that pays substantial dividends. However, to leverage the full benefits of commission automation software, organizations must avoid key mistakes that undermine their success. This article explores 5 common pitfalls to watch out for when transitioning to an automated incentive compensation platform.  […]

June 30, 2023 by rav singh

7 benefits of automating commission payouts

In today’s fast-paced manufacturing world, rep and partner compensation is a strategic priority. However, the reality for many companies involves inefficient manual processes, lack of data visibility, high error rates, lengthy payment delays and limited scalability – all of which undermine salesforce motivation and performance.  Manufacturers worldwide are realizing these outdated commission management approaches can […]

June 30, 2023 by rav singh

Building Lasting Customer Relationships: How Dealer Rep Training Drives Customer Loyalty in Manufacturing Companies

In the highly competitive landscape of the manufacturing industry, building strong and lasting customer relationships is essential for long-term success. Dealer representatives play a crucial role in establishing and nurturing these relationships. By investing in comprehensive training programs for dealer reps, manufacturing companies can empower their sales force to deliver exceptional customer experiences, resulting in […]

June 30, 2023 by rav singh

Increase Product Success Rates: How Manufacturers Use Competitive Insights for R&D

For manufacturing R&D teams, gaining insights into competitors’ product roadmaps and innovations is key to determining where to invest resources for maximum success. By analyzing competitors’ pipelines, performance data, customer reviews, and emerging technologies, manufacturers can pinpoint unmet needs, spot opportunities for differentiation, and avoid duplicating competitors’ efforts. The result is higher product success rates […]

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