SPIFFS
Sales incentives that influence behavior
SPIFFs – Sales Incentives That Work!
Motivate and build and bond with your channel partners before they even start engaging with customers.
You may include an incentive program so that they are maximum sales driven. Your interaction with your channel partners is limited and hence, it is important to gain their trust and focus to get them motivated and driven towards their goals and targets. However, never compromise on your ethics.
SPIFFs (a.k.a., SPIF, SPIV, channel incentives, sales incentives)
SPIFFs (a.k.a., SPIF, SPIV, channel incentives, sales incentives) are short-term payments targeted at individual sales reps. It is designed to encourage them to push a specific product, bundle or service. An optimized SPIFF program will always have immediacy when it comes to rewards and little administrative burden.
OPEN-ENDED PROGRAMS
Everyone achieving the program goals earns awards.
CLOSE-ENDED PROGRAMS
A limited number of participants earn awards.
PLATEAU PROGRAMS
Different awards for different participants levels
SPIFFs Payment Types
Electronic Payments
Now adopt a seamless approach to the procure-to-pay process with our electronic payment solutions that reduce costs, mitigate risk, streamline processes, and generate revenue.
Corporate Cards
Choose the right corporate card for your business and have more control and transparency on your expenses that simplify payments, streamline procurement, and reduce costs.
An Incredible SPIFFs Experience
The platform offers an easy submission of claims through POS integrations, file uploads, or by having channel sales enter them from any device and fast processing of SPIFFs. Processing takes just about a few days. Raise the bar on the competition and outgrow channel expectations.
PROGRAM AGILITY
Make changes and stand-up new programs faster.
EASY CLAIM SUBMISSION
Reduce input time and get sales back to selling.
FAST CLAIM PROCESSING
Reduce time to process and expedite payments.
ROBUST COMMUNICATIONS
Everyone stays informed every step of the way.
REPORTING & ANALYTICS
Get smarter and make more strategic decisions.
FAST PAYMENT TURNAROUND
Pay sales people accurately in days not weeks.
Best solution for incentivizing performance and delivering rewards
Our instant prepaid cards offer you a very effective way to reward team performance. The receiver can easily use them anywhere in the world, making them very useful to the recipient. These cards can also be used to aid instant recall with the help of branding and merchandising of the entire infrastructure end-to-end. This could make them a very useful supplement to all your existing marketing messaging.
Reward your best performers
Most sales organizations aim to provide reward and commissions to employees quickly. The challenge is twofold – to calculate the due amounts accurately and quickly, and to get the amounts to the correct employees quickly. For many organizations, this calculation has become progressively more and more convoluted, resulting in great delays in employees getting their rewards. This delayed motivation usually reduces the satisfaction and motivation of the employees, defeating the very purpose of the rewards. Our cards are easy for you to administer, and easy to use for the recipient. The best thing for the recipients of these cards is that they can be used to purchase just about anything– from travel bookings to daily provisions, from books to electronic gadgets.
Stay on top of the gig economy
Apart from the traditional field teams and sales forces, more and more companies work with non-traditional employees such as freelancers, temporary drivers, bike couriers, and contracted part timers. The way such employees work for you and get paid by you is very different from how it is done for fulltime employees. Our payroll and payment services allow you to reward, reimburse, or remunerate these types of employees quickly and conveniently. These payment solutions also have the advantage of allowing you to handle the requirements of a non-traditional workforce.
SPIFFs influence the behaviors driving sales and profitability.
Nowadays consumers are spoilt for choice when it comes to information and products. SPIFFs help improve performance, measurable results, and engage program participants by enlisting salespeople in the sale and promotion of your brand right where it counts – on the sales floor at that critical moment of truth with consumers. Also, get dealer and retail support and make them to participate proactively in allocating market spend.
DRIVE REVENUE
Drive more sales through Sales SPIFFs that involves your channel by engaging front line sales associates right at the dealer level.
INCREASE MARKET SHARE
SPIFFs are designed to influence the product pushed at the point of sale that prove the ideal incentive for taking market share.
INFLUENCE CHANNEL BEHAVIOR
Channel incentives can drive big results. When resellers fail to drive the numbers for the brand, incentives always seem to come to the rescue!
ENCOURAGE ENABLEMENT
A little extra motivation can go a long way. Encourage your channel to acquire the required knowledge and skills. SPIFFs are a great way for sales people to complete training and achieve certifications.
IMPROVE SERVICE
Reward your dealers with SPIFFs for new or preferred behaviors that serve your brand, its business goals, and its consumers.
GAIN DEALER SUPPORT
Your dealers can turn inventories faster by rewarding sales associates with a SPIFF. It helps build teamwork between brand and dealer around a common objective