What Is Spiff? Salesforce Adds Latest Acquisition to Sales Cloud
In an era where businesses increasingly prioritize transparency and operational efficiency, managing sales commissions has become a complex challenge in need of a robust solution. With the integration of Spiff—an intelligent commission management platform—into the Sales Cloud ecosystem, Salesforce not only enhances its business enablement suite but also sets a new standard for how organizations design, track, and optimize incentive programs for their sales teams.
What’s the Big Deal With ICM?
Unless you’ve worked at a big corporation before, you may wonder what the fuss is around with ICM Software. After all, commission is just a percentage calculation of a sale, right? Well, yes and no…
Enterprises like Salesforce will often have extremely complex commission incentive plans. You might get paid a certain percentage on new products being sold and a different amount on a renewal. You may also get given a bonus for signing a completely new customer. What if you exceed your target? Well, then accelerators might kick in, where you get a few extra percentage points. There may also be special one-off incentives for selling a certain product, or even team bonuses.
Overall, calculating these numbers across hundreds or thousands of sales users can become a laborious task. It is also a function that requires 100% accuracy (or you may see the full wrath of your sales team!).
Excel spreadsheets have been a previous solution to ICM, but Spiff provides robust cloud technology, which in turn provides extra functionality to users.
How Does Spiff Work?
Salesforce Spiff is available as an add-on for Sales Cloud customers from May 2024, and it provides two main aspects of functionality:
- Firstly, using a low-code commission builder, you can design incentive plans that will ultimately pay out and reward the sales teams. Salesforce states that you can also “visualize the potential impact of various plan amendments”.
- Secondly, sales users can see their estimated commissions in real time. This allows users to build out different quotes and see the impact on their targets and incentives. Spiff also has built-in dashboards and a mobile app.
The ability to create commission plans using a low-code builder makes these plans a lot more scalable and saves time messing around in Excel spreadsheets.
However, I feel the real value is in the user front end of Spiff, and being able to show in real time how much potential commission can be earned from a certain selection of products on an Opportunity.
As you can see from the screenshot below, which was taken from this demo of Spiff last year, the “Commission breakdown” component on the left-hand side of the Opportunity shows exactly how much commission will be earned.
This not only shows the amount of commission earned, but also where it is being driven from. This gives sales users the ability to see if they can potentially earn more by selling a multiple-year deal or trying to push a new product that might have a further incentive.
It also shows overall quote attainment, which may affect incentives such as accelerators.
Final Thoughts
The integration of Salesforce and Spiff marks a strategic leap in the evolution of the Sales Cloud ecosystem and ushers in a new era of commission management. With its flexible incentive design tools, real-time data visibility, and user-friendly interface, Spiff delivers a truly transformative experience for both managers and sales professionals.
In a business climate increasingly focused on transparency and performance, Spiff offers a comprehensive solution to commission management—an essential element tied directly to the motivation and success of today’s modern sales force.
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