Question: Can you recommend a platform that simplifies compensation management for finance and accounting teams?

For making compensation easier to manage, CaptivateIQ is a top choice. The company's commission automation and management platform automates commission calculations, offers real-time visibility into commissions, and helps motivate reps by showing them exactly how much they're making. Its user-friendly interface and ability to handle large transaction volumes make it a powerful choice for finance and accounting teams, offering a single source of truth for compensation data.

Another top contender is Xactly, a sales performance management suite. Xactly's features include Incent for automating compensation plans, Forecast for data-driven pipeline analytics, and Plan for sales planning. The company's platform is designed to cut overpayments, ensure timely commissions, and shorten sales planning cycles, and it can help companies improve productivity and revenue growth.

Workday offers a single Enterprise Management Cloud that combines finance and HR applications. Its Workday Adaptive Planning feature enables collaborative and continuous planning, and the company's AI and machine learning technology automates and analyzes finance tasks. That means companies can make more data-driven decisions and run their operations more efficiently, which can be helpful for compensation.

Last, Lattice is an all-in-one HR platform that includes compensation cycle management. It automates routine HR work with AI-driven workflows and offers tools for performance reviews, engagement surveys and OKRs. Lattice's people management and operations resource center is a good choice for companies that want to simplify HR work and improve performance management.