Slaving away over spreadsheets and feeling trapped in all those little cells is no way to work. Even with formulas, there’s no denying how time intensive using spreadsheets can be when designing compensation plans. Is your wrist aching from all that copying and pasting? Are all the lines starting to run together? Are you deathly afraid that one small error could bring your carefully constructed plan down? This isn’t “if” an error happens, it’s “when.”
Comp plans calculated on spreadsheets take months to create, while you look at the same data day after day. It’s Groundhog Day for you on a never-ending loop. As you attempt to learn the impact of every sales commission rule, you’ll feel like the end will never come.
This kind of tedium burns people out. Without real tools to automate and analyze, you’re stuck on a long journey. No tools means no ability to scale or be efficient, and these two things dramatically impact the overall ability of your brand to grow. Comp plans don’t just matter to sales or finance, they matter to the entire livelihood of your business.
That’s why you can’t go any longer living in this loop of spreadsheet worship. You need a tool that will treat your data like a boss and make quick work of comp plan strategy. That tool is an artificial intelligence (AI) engine.
Manual or automated, it’s only fair to compare these two different approaches to comp plan development. It’s certainly not apples to apples, but rather apples to pomme tarte tatins:
Design Compensation Plans Strategically, Not Randomly
Bring more strategic value to your organization through proven, easy-to-use AI-driven insights of your compensation plan performance. When proposing changes have the quantitative proof of a change’s impact at your fingertips when justifying to executive management. Reduce time to gain plan approval by translating impact into financial terms that give executives greater confidence.
It’s time to move on from your spreadsheets. They’ve been holding you back. Spreadsheets are fine for mundane task, but they’ll never allow you to act strategically. Get out of your loop of looking at the same cells day in and day out.
You have the power to make comp planning accurate and more effective. Upgrade your sales operations with Thunderbridge. Scale and optimize like never before with ease. Your company deserves a solution that makes sense in the 21st century. Experience the power and capabilities of Thunderbridge today.