Question: Is there a tool that automates compensation plans and streamlines sales planning to optimize resource allocation?

If you need a system to automate compensation plans and help with sales planning, Xactly is a good choice. Xactly's sales performance management suite combines AI technology with 20 years of data to span the revenue lifecycle. Its modules include Incent for designing and automating compensation plans, Forecast for data-informed pipeline analytics and forecasting, and Plan for streamlining sales planning and operations. It promises to cut overpayments by 90%, ensure commissions are paid correctly, and cut compensation plan setup time by 60%.

Another good option is CaptivateIQ, a sales commission software designed to automate and simplify commission management. It provides real-time visibility and transparent earnings data, interactive what-if calculators, real-time attainment leaderboards, and advanced reports powered by SmartGrid. The system is designed to handle large transaction volumes securely and can integrate with a variety of systems, making it a good choice for large enterprises with complex operations.

If you want a broader system, Workday Adaptive Planning is a cloud-based Enterprise Performance Management platform that can be used for more general business planning with AI and machine learning. It has modules for financial, workforce, operational and close and consolidation planning. The system offers more sophisticated insights through advanced data visualization and AI-driven insights, and it's a good choice for companies that want to move to more sophisticated planning and budgeting.

Last, you should consider Vena, financial planning and analysis software that integrates with Microsoft 365 and uses AI and flexible data modeling. Vena is designed to help finance-led planning with modules including budgeting, forecasting, strategic planning and incentive compensation management. It combines the flexibility of Excel with secure data management, so it's a good choice for companies that want to improve their financial planning and analytical abilities.