Compensation Management Software

Get the best compensation management software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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CompLogix Compensation Management Screenshot

CompLogix Compensation Management

★★★★★
★★★★★
(9)
CompLogix Compensation Management software (formerly Harvest HCM ) helps organizations automate any pay/compensation program (merit, bonus, stock, equity, STIP/LTIP, promotion, etc) through an easy to use web-based software solution. The compensation…
Price Range
   $     $     $     $     $   
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Starting Price
$15,000/year
Client OS
Web
Deployment
Cloud Hosted
Paycom Screenshot

Paycom

★★★★★
★★★★★
(5)
Paycom is an online payroll services and HR payroll software option that helps businesses streamline their employment processes from recruiting to retirement and everything in between. The Talent Acquisition, Time and Labor Management, Payroll, Talent…
Client OS
Mac, Web, iOS, Android
Deployment
Cloud Hosted
Acumatica Cloud ERP Screenshot

Acumatica Cloud ERP

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(17)
Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Through leading-edge technology, best-in-class business functionality, and customer-friendly business practices…
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Client OS
Web, iOS, Android
Deployment
Cloud or On-Premises
Workday HCM Screenshot

Workday HCM

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(5)
Workday Human Capital Management (HCM) software provides you the tools necessary to plan, recruit, and develop talent within a single unified system. Workday HCM lets all your employees access the solution from any device they choose; whether desktop or a…
Price Range
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Starting Price
$100/user/year
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Core Commissions Screenshot

Core Commissions

★★★★★
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(3)
Core Commissions provides sales commission management software that can handle even the most complex commission rules. The application automates all the steps involved in calculating sales commissions, including: Importing data from multiple sources…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$10/employee/month
Client OS
Mac, Web, Windows, Linux
Deployment
Cloud Hosted
Zenefits Screenshot

Zenefits

★★★★★
★★★★★
(2)
Zenefits is an HR software providing an integrated approach to HR, payroll, benefits, and time and scheduling. Zenefits helps streamline all things related to human capital management with their easy to use solution. Zenefits has the HR tools your…
Price Range
   $     $     $     $     $   
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Starting Price
$8/employee/month
Client OS
Mac, Windows, iOS, Android
Deployment
Cloud Hosted
Sage 300 Screenshot

Sage 300

★★★★★
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(16)
Sage 300 is a business management software solution designed for small and medium-sized businesses. Critical program functionality includes support for accounting, sales, service, purchasing, and inventory management tasks. Sage 300 helps businesses…
Price Range
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Starting Price
$2,075/user (perpetual license)
Client OS
Web, Windows
Deployment
Cloud or On-Premises
Anaplan Screenshot

Anaplan

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(3)
Anaplan Connected Planning platform helps businesses turn response time to real time. The leading platform provider helps connect data, people, and plans across your business. Large and fast-growing organizations use Anaplan’s planning platform in every…
Client OS
Web
Deployment
Cloud Hosted
QCommission Screenshot

QCommission

★★★★★
★★★★★
(5)
QCommission is powerful, flexible sales commission software. It calculates your sales people’s compensation, accurately, quickly and professionally. QCommission is integrated with US & Canadian editions of QuickBooks 2002, 2003, 2004,2005 & Enterprise…
Starting Price
$10/user/month
Client OS
Windows
Deployment
Cloud or On-Premises
CaptivateIQ Screenshot

CaptivateIQ

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(3)
CaptivateIQ provides all the tools necessary to design better incentives for today’s workforce. Empower your customer-facing teams with the clarify they need in their compensation plans to work smarter. Increase team productivity and alignment with an…
Client OS
Web
Deployment
Cloud Hosted
Commission Plan Screenshot

Commission Plan

★★★★★
★★★★★
(3)
Commission Plan uses a three dimensional model, based on Salesperson, Customer and Item to determine the commission rate. It gives you the ability to define commission schedules that range from extremely simple to highly complex. And you can do all this…
Client OS
Deployment
Cloud Hosted
SAP SuccessFactors Screenshot

SAP SuccessFactors

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(1)
SAP SuccessFactors is a human resource management solution in the cloud. The option provides one of the leading human capital management (HCM) suites that provides fully integrated: Core HR and payroll; Recruiting and onboarding; Learning and development…
Client OS
Web
Deployment
Cloud Hosted
NetSuite ERP Screenshot

NetSuite ERP

★★★★★
★★★★★
(16)
NetSuite ERP is a cloud-based, developer-hosted, cloud ERP software platform offered on a software-as-a-service (SaaS) basis. NetSuite advertises its ERP solution as “the world’s most deployed cloud ERP” solution. NetSuite ERP is used by over 40,000…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$99/user/month
Client OS
Web
Deployment
Cloud Hosted
Commissionly Screenshot

Commissionly

★★★★★
★★★★★
(3)
Commissionly is a fully automated sales commission software that saves you time and money, eliminates errors and improves your productivity. Use this software to make intelligent commission payments simple. This platform solves common sales commission…
Price Range
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Starting Price
$299/month
Client OS
Web
Deployment
Cloud Hosted
Xactly Agile Sales Performance Management Screenshot

Xactly Agile Sales Performance Management

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(1)
Xactly’s Agile Sales Performance Management platform helps businesses drive growth through continuous, collaborative resource alignment. This solution offers a data-informed approach to plan, manage, integrate, incent, and analyze your sales organization…
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Spiff Screenshot

Spiff

★★★★★
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(2)
Spiff is a new breed of sales commission and tracking software. This real-time commissioning platform offers full visibility and transparency to sales teams. Spiff has everything needed to Design; Manage; Motivate; and Scale. @youtube Simple plan designer…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$100/user (perpetual license)
Client OS
iOS, Android
Deployment
Cloud Hosted
Compport Screenshot

Compport

★★★★★
★★★★★
(3)
Compport is a cloud-based HR software that provides assistance in automating the compensation management process, employees’ analytics, surveys, payroll management, and compliance management process. It is a flexible, efficient, smart, and agile software…
Client OS
Web
Deployment
Cloud Hosted
SAP Business One Screenshot

SAP Business One

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(10)
SAP Business One provides comprehensive business management capabilities for small and medium sized companies. This system provides integrated departmental support for finance, sales, supply chain management, production, project management, and production…
Price Range
   $     $     $     $     $   
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Starting Price
$410/user/year
Client OS
Windows
Deployment
Cloud or On-Premises
FocalReview Screenshot

FocalReview

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(2)
FocalReview® is used by Total Reward professionals administering employee Compensation Planning and Performance Management processes, including but not limited to the Pay Review process with bonus and stock capabilities. The reporting allows many systems…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$25/employee/year
Client OS
Web
Deployment
Cloud Hosted
Commissions Management Screenshot

Commissions Management

Advanced Billing enhances the receivables capabilities of Great Plains and Small Business Manager with functionality designed specifically for the Insurance industry: recurring transaction processing, split commission schedules with multiple commission…
Client OS
Windows
Deployment
Cloud Hosted

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Compensation Management Software Buyer’s Guide

What is Compensation Management Software?

Compensation management software provides ways for companies to handle all their custom compensation plans for employees. This ranges from standardizing salaried payment plans to structuring commission policies. Sometimes part of human resource systems, compensation management software solutions can operate independently based on your business needs.

Along with human capital management (HCM) and performance management, employee compensation practices reveal a great deal about how well your organization is operating. Accurately predicting, calculating and tracking incentive-based compensation can be vital to your long-term success. Real-time management software can help improve sales productivity by both centralizing and automating your incentive compensation plan. Find the right compensation management solution for your business.

Paycom Payroll Software
The Paycom dashboard is easy to navigate when planning compensation.

Key Features of Compensation Management

  • Compensation planning: Create a consistent plan for compensating employees based on custom factors, such as sales, overtime, or client retention rates
  • Compensation calculator: Automatically and accurately calculate bonuses and other benefits for high performing employees
  • Benefits management: Determine special compensation such as financial bonuses, time off, and insurance plans for healthcare, vision, or dental coverage.
  • Performance management: Track, and evaluate the performance of employees to ensure individuals and/or teams are on-track with organizational goals
  • Reporting and analytics: Retain information on past compensation decisions and analyze the impact on employees and performance

Best Compensation Management Software Benefits

Compensation management software functionality can help your business operations:

Improve Automation and Budgets

Setting an annual, quarterly, or monthly budget can be tricky in the best of circumstances. Trying to predict any special employee compensation can make budget planning even more difficult. Building a compensation strategy with management software can provide automated allocation of funds for bonuses and commission, making it easier to accurately forecast your budget and make adjustments in real-time.

The best solution for companies like yours is automation of compensation programs through software. Avoiding error prone and time intensive manual methods will not only yield better results, but cut overhead time. Time saved for your sales team means more time for revenue generating activities. The more complex your commission plan, the larger the time savings can be from compensation management software.

Ensure Performance Visibility

Compensation processes help greatly with general employee performance tracking as well. The compensation data you gather through these automated modules provide a rich resource of key performance indicators (KPIs). Access to accurate and easily visualized commission tracking data can help you make better decisions at both the individual and corporate level.

Depending on the compensation packages you design, HR management can calculate commission compensation based on various performance variables and pay equity requirements. It will also help manage regulatory reporting requirements related to compensation and bonuses.

Workday HCM
Simplify workforce planning with Workday HCM.

Incentive Programs

Great HR leaders recognize that compensation management systems are a sales executive’s best strategic tool to motivate specific selling behaviors. With capable software you can configure incentives on the basis of value, number of units, products, channel, time period, location and campaign. Commissions can be split between multiple payees while allowing for manual overrides. Some solutions use menu-based calculations while others allow you to create custom calculations.

This can tie in with talent management to ensure you are attracting the best new workers, setting them up for success through onboarding, and retaining current employees. Self-service employee portals can even allow your staff to check their own compensation for accuracy.

Maintain Transparency

There’s few places transparency is more important to employee satisfaction than when it comes to their pay. Many compensation issues arise when employees don’t fully understand compensation rules. Are your commissions based on gross sale revenue, or gross sale revenue minus discounts, returns, taxes, etc? Compensation management software not only handles calculations, but can be used to publish clear reports for staff members by creating a central repository that clearly defines these rules.

Drawbacks of Manual Methods

Many companies rely on manual methods, using spreadsheets or Word documents, for commission tracking, which can quickly become a complex chore. If your HR department is utilizing multiple plans with a variety of commission rates, splits, bonuses, caps, overrides, and guaranteed payments, payroll can take days to complete. And these manual processes tend to be error prone as well, as it’s incredibly easy for an HR rep to enter the wrong number or make a minor mistake. Fortunately, automation software can streamline these operations and reduce the possibility of human error.

Sales managers rarely have time on their side. For most sales executives, measurements of key performance indicators are only available after the close of the month or quarter. Waiting for sales compensation calculations means reacting to dated data. It also introduces delays in terms of making adjustments. Real-time compensation management software can show who is performing well and how they are being rewarded.

Zenefits HR Payroll Software
Zenefits offers a clear overview of payroll and other forms of compensation.

Compensation Management Software Pricing

Finding the right HR software to build your compensation management system can seem like a difficult task, especially if you have a tight budget. SaaS plans start as low as $8 per user per month. Some offer free training, customer support, and IT while others charge for these additional services. Add-ons and custom configurations can also increase the total costs.

Our free software search service will help save you time finding the right program for your organization. Find the right compensation management software for your business today with a free software recommendation.

CompLogix Compensation Management
Plan out your budget with CompLogix compensation management software.