SPM or Sales Performance Management is the set of tools and processes that enable to better allocate and manage compensation and incentives for individual sales or channel personnel to achieve the sales targets. The appropriate territory allocation, and by keeping the sales team rightly trained and motivated would keep the sales in line with the organizations objective.
Right information and tools of SPM helps a sales team across in various ways. A Sales representative would be more accurate and efficient. The Sales Managers would be able to make decision faster, avoid surprises and have a better control of the sales operation by directing the incentives bt designing result oriented programs.
An organization managing the commissions and compensation for the sales reps and the channel partner by traditional home grown methods tend to loose considerably. Most systems of this type are error prone and not as efficient. They lack the dynamism of having to adapt with the changing customer behaviour and sales management decisions. Sales strategies would help focus on right resource, territory, channels etc. based on quota.
Accurate on time reports enable to monitor sales performance, which in turn can be used to analyze scenarios and make ammendments to the sales plans. The impact on the sales goals are very easily tracked.
Some of the feature it provides are :