Paid

CompensationXL

CompensationXL is a platform that enables users to streamline their whole compensation process without affecting their flexibility. The platform comes with an automation feature that does everything for the manager, from aligning the data to calculating the compensations’ values depending on each sales representative… read more
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What are best CompensationXL Alternatives?

#1 CompTrak

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CompTrak is a platform that offers compensation management software for better decision making and improving productivity with configurable solutions to manage compensations. The platform comes with effective software that centralizes what was once custom and fragmented data into aligned and structured data for the calculation of compensations. Moreover, it also helps the staff focus on what matters to them, and the software will improve the organization’s performance.

The platform comes with end-to-end management in a single platform from where they can handle the entire compensation cycle process. Moreover, users can handle it right from planning the design, modeling the leader inputs, and delivering total rewards statements. It also reduces the uncertainty regarding the workflow and proactive notification system from the whole compensation cycle.

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#2 Commissionly

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Commissionly is a platform that enables users to get rid of the commission spreadsheets with the easy setup, and it can be replaced with the affordable sales commission software. The platform is completely automated, saving time and money and eliminating all kinds of human errors while improving productivity. It comes with varied commission structures through which managers can create commissions, whether they are flat, revenue, profit, or product based.

The platform supports multiple currencies, and sales reps are paid in their respective currency through this software. Moreover, it comes with sales splits that allow managers to divide a commission among the different sales reps. It has seamless integrations with the CRM and accounting software for the movement of data.

#3 CommissionCalc

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CommissionCalc is a platform offered by Flaum Technologies, enabling users to eliminate the daunting tasks of computing and adjust commissions manually. The platform performs the whole tasks of computing commissions, whether unique or complex, automatically from the data that is provided to it. Moreover, it helps save time, increases accuracy in the calculation of commissions, and eliminate any kind of human error.

The platform enables managers to improve their sales force morale, as they will be getting the right amount of compensation for their work. The rate and bonus are computed from the product, quotas, price or discounts, or promotions in this software. Moreover, the pay added for the commission calculation is based on revenue, profit, and quantity.

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#4 Sales Cookie

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Sales Cookie is a platform that solves sales commissions’ issues as it provides a separate dashboard to each representative through which they can see their goals and payouts. The platform covers everything from creating incentive plans to running one-shot calculations across all company representatives. Moreover, it ensures that all the reps are paid correctly and that too on time to keep them happy and comes with easy integrations with other software.

The platform helps managers in managing the commissions with ease and provides them with an experienced sales commission error calculator. Moreover, its working is simple: create incentive plans and define the employees’ goals and potential rewards. After that, sync the sales transaction data from the CRM or accounting system and run commission calculation.

#5 COMPview

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COMPview is a platform that comes as a global leader in the compensation management software, which helps users simplify the calculation and allocation of merit and bonus to their employees. The platform comes with an intuitive and configurable design, which makes it even easier for the managers to devise a plan for the whole compensation process. Moreover, it also enables the HR managers to define, oversee, and control the entire compensation cycle from budget monitoring to allocating rewards to the employees.

The platform helps the line managers make strategic decisions to award the deserving clients the right amount of compensation. Furthermore, the software also allows users to set up different merit, bonus, and equity plans for their different employees depending on their pay and work.

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#6 CompAccelerator

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CompAccelerator is a platform that comes with a compensation management software which is tailored specifically for the HR professional to meet their needs in the compensation work. The platform comes with a clear and intuitive interface through which it allows managers to deliver sophisticated functionality. Moreover, it comes with flexible features which are configured according to the need of HR and meet all the needs.

The platform’s design drives the fastest time-to-value in the industry while providing substantial annual savings and unmatched business agility, and it has efficient adaptability. Moreover, the platform works to solve users’ problem in their everyday tasks, and they can make calculations on the go with easy to use tools.

#7 PromptPayPlanner

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PromptPayPlanner is a platform that comes with a compensation management system that takes out all the pain from the process, and users can easily manage their pay and incentives. The platform offers 24/7 support to the users, and they can call anytime to get help from them. Moreover, it allows users to generate customizable reports, and they can make communications better with their employees and manager.

The platform feels like an excel that can automate the process, and users can add different tasks to the spreadsheet. Moreover, users can incorporate performance review and goal setting processes, and users can decide according to the guidelines provided to them. The platform also allows users to make pay changes which they can implement on all the compensation set up.

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#8 Xactly Incent

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Xactly Incent is an incentive compensation management software that helps users align their company objectives and increase the trust with the error-free commission payments. The platform allows users to reduce their time spent on planning administration, and they can automate incentive compensation processes. Moreover, it helps in driving performance with visibility and mobile access, and users can trust the software with on-demand visibility.

The platform helps users realize higher quota attainment and enables organizations to compare their industry peers’ plans easily. The platform ensures system security and scalability, and they can support the most complex implementations through it by processing hundreds of orders. They can handle the pay of employees along with the compensation.

#9 Harvest HCM Compensation

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Harvest HCM Compensation is a compensation management and planning software that allows users to eliminate all compensation spreadsheets. The platform comes with the ability to help the managers to handle all the finances and compensation of their employees, depending on their pay grade. Moreover, it enables the users to access all the details of their company and employees and generate reports on it.

The platform comes with a custom dashboard through which users can access all the files and functions and manage different operations through it. Moreover, it allows users to integrate different other software to it for a streamlined working of employees, such as ERP, CRM, and accounting software. The platform has a communication feature that can allow the managers to communicate with the employees and get feedback from them.

#10 SimplyMerit

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SimplyMerit is a platform that is used for engaging and empowering the managers to make informed compensation decisions. The platform is a real-time HR compensation management that allows users to optimize their merit budgets and make equity grants. Moreover, it helps the employees avoid errors, headaches, and helps them manage spreadsheets. Users can handle the finances of their employees and can implement compensation according to the company’s rule.

The platform helps manage the conversion of currencies, and they can apply the configurable portions to the incentives and pay. Moreover, it helps manage workflow approvals, and users can generate and distribute adjustments letters. It allows users to make deliberate adjustments to their employees’ pay, and they can eliminate the need for training with the automation feature.

#11 Engagedly

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Engagedly is a platform that allows users to manage their employees’ performance, engagement, development, and progress. The platform enables users to have continuous performance management, and they can track their goals related to performance and engagement. Moreover, it allows users to have a complete and comprehensive view of their human resource system, and they get real-time feedback from their employees regarding business policies.

The platform enables users to drive behaviors with gamification, and they can manage their core values. Moreover, employees can avail of social praise from their managers to make them feel encourage and excited. The platform helps the managers to recognize their hard-working employees to whom they can award points and badges.

More About CompensationXL

CompensationXL is a platform that enables users to streamline their whole compensation process without affecting their flexibility. The platform comes with an automation feature that does everything for the manager, from aligning the data to calculating the compensations’ values depending on each sales representative. Moreover, it combines the flexibility of the excel formula and the efficient workflow of a SaaS solution.

Before running the software, the managers choose whether they want to implement a single solution for compensation, like only calculating the bonus or equity. However, they can choose all the four options to provide by the software, i.e., merit, bonus, equity, and reward. Moreover, it shrinks the cycle time while eliminating the administrative burden associated with managing merit increase.

CompensationXL comes with the merit pay that aligns rewards with individual and organization performance. Furthermore, it helps the staff to manage all of their plans in a single place. Lastly, it supports multiple currencies and allows managers to set up plans in their currencies.

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