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 manual errors, and empower their sales teams with accurate and timely compensation.
In this informative post, we will explore the top 10 NextBee features that enable manufacturing companies to automate commission payouts, revolutionizing their sales operations and fueling growth in the industry.
Let’s dive in and discover how NextBee can transform commission management for manufacturing companies.
- Sales Performance Tracking – The core feature of any commission automation software is the ability to track sales performance. Nextbee can integrate with your CRM and ERP systems to pull in all sales data, units sold, revenue numbers and margin targets to determine sales performance across your company.
- Commission Plan Administration – Nextbee makes it easy to setup and manage different commission plans based on products, territories, roles and more. You have flexibility to define percent of revenue, percent of margin, unit rate and tier rate commission plans. Plans can be updated at any time and the system will automatically calculate adjustments for past sales.
- Split Commissions – Many manufacturing companies pay commissions that need to be split across multiple reps or partners. Nextbee handles this by allowing you to set up shared commission allocations across any number of payees at custom percentages. The system automatically performs the commission split calculations for you.
- Deal Management – For large complex B2B sales, Nextbee provides a deal management module to track sales that generate commissions over time based on milestones. This is useful for managing long sales cycles or contracts that pay over time. Deals can be configured to pay commissions for the life of the contract as milestones are achieved.
- Role-based Access – Nextbee provides tight control over system access based on employee and partner roles. Reps and partners can be given access only to their own sales, commission and payment data. Admins have access to make system changes. And executives can be given dashboards and reporting access. Permissions are highly configurable.
- Reporting and Analytics – Nextbee offers reporting tools to gain insight into sales performance, commissions paid, plans that are working well and more. Standard reports include sales by rep, sales by product, pareto charts and more. Analytics can uncover trends to help optimize your sales strategy and incentive compensation plans.
- Payment Processing – A key feature is the ability to automatically calculate and generate commission payments. Nextbee integrates with payroll systems to issue direct deposits, generate commission checks or issue payments via other methods like PayPal. Payments can be made on a flexible schedule you define – weekly, bi-weekly, monthly, quarterly, etc.
- Auditing and Compliance – For regulated industries, Nextbee provides the ability to maintain audit trails of all changes to plans, payments issued and more. Robust data security and access controls also aid in compliance. Permissions, access logs and documentation can be provided if audited.
- Data Security – Nextbee software uses bank-level AES 256-bit encryption for all customer data including sales numbers, commission plans, payments, accounts and more. User access controls, IP address restrictions and audit logs also help track and control system access.
- Flexible Deployment – Nextbee solutions can be deployed on-premise using private servers or hosted through the Nextbee secure cloud platform. Source code can also be licensed by clients who want full control and customization. Various pricing and deployment models suit companies of any size.
By leveraging NextBee’s solutions, manufacturing organizations can drive greater efficiency across their sales operations. Reps and partners gain real-time visibility into their sales performance and compensation. Administrators are empowered with flexible tools to optimize incentive plans and gain data-driven insights. Executives benefit from transparency and control over commission expenses.
With a combination of automation, analytics and integration capabilities, NextBee is transforming commission management for leading manufacturers. Their dedicated solutions deliver precision, control and scalability so companies can focus on growing sales rather than calculating commissions. If streamlining your commission operations and maximizing sales performance is a priority, NextBee provides the platform and expertise to achieve your goals. Their industry-leading features offer an end-to-end set of tools for manufacturing companies ready to automate commission payouts.
