We are delighted to announce that Visdum has been nominated for Netty Award in the "Sales Compensation" category.
This recognition underscores our commitment to innovating in the field of sales compensation management and highlights the positive impact our solution has had on businesses across various industries.
Established in 2004, the Netty Awards are a notable recognition in the digital landscape.
For twenty years, these awards have celebrated outstanding achievements across a wide spectrum of digital fields, from cutting-edge web design to groundbreaking software solutions.
The Netty Awards are more than just a ceremony; they represent a standard of excellence in the digital world.
Each year, a panel of industry experts meticulously evaluates nominees based on criteria such as innovation, technical proficiency, user experience, and overall impact within their respective fields. The judging process is rigorous, ensuring that only truly exceptional contributions are recognized.
Over the years, the Netty Awards have honored a diverse array of companies, from innovative startups to established industry leaders.
Past winners like Spotify, eBay, and duolingo have gone on to reshape their respective industry landscape in profound ways, setting new standards and inspiring further innovation.
Being nominated for a Netty Award is not just an honor; it's a recognition of a company's potential to make a lasting impact on the industry.
Our nomination in the "Sales Compensation" category is a testament to Visdum's unique approach to an age-old challenge: how to effectively motivate and incentivise sales teams.
At Visdum, we believe that the right compensation strategy can be a powerful tool for driving business growth and fostering a culture of high performance.
Visdum was born out of a simple observation:
traditional sales compensation systems often created more problems than they solved.
From complex, hard-to-understand commission structures to opaque performance metrics, these systems frequently led to frustration and disengagement among sales teams.
We set out to change this paradigm.
Our goal was to create a solution that would not only streamline the compensation process but also enhance transparency, foster trust, and drive motivation.
The result is a platform that transforms sales compensation from a necessary administrative task into a strategic tool for business growth.
The true measure of any software solution is its impact in the real world. Since its launch, Visdum has been making waves across various industries, helping businesses of all sizes optimize their sales compensation strategies.
Let's dive into some detailed case studies that showcase Visdum's ability to handle diverse compensation structures and deliver significant improvements:
Brinqa, a leading Cybersecurity SaaS provider, faced significant challenges in managing their complex sales compensation structure and ensuring ASC 606 compliance.
With a growing team of sales representatives and customer success managers, their manual processes for commission calculations and revenue recognition became increasingly cumbersome and error-prone.
Here's how Visdum helped:
📚 Also read: How Brinqa Transformed Sales Compensation Management and Streamlined ASC 606 Compliance
Hubilo, a rapidly growing event-tech software company, needed a flexible solution to manage their expanding sales team across multiple roles and geographies. Their existing spreadsheet-based processes were becoming unmanageable as the company experienced rapid growth.
Here’s how Visdum's implementation enabled Hubilo:
📚 Also read: How Hubilo automated sales compensation to align with their dynamic business needs
Super Claims Assist, an Australian insurance firm, required a solution for their multi-step commission process involving external partners. Their sales commission management involved complex event-based bonuses and unpredictable adjustments, which were difficult to manage using spreadsheets.
Visdum helped Super Claims by providing:
📚 Also read: How Super Claims Assist Increased Efficiency and Transparency in Commission Management
WebEngage, a leading full-stack customer engagement platform, faced challenges with their manual, spreadsheet-based commission process. The lack of transparency and real-time tracking was causing frustration among their sales team and impacting motivation.
By implementing Visdum, WebEngage successfully shifted from spreadsheets to an aligned and transparent sales commission process. The platform provided real-time visibility into commissions, allowing sales representatives to track their earnings and performance easily. This transformation not only streamlined the commission process but also significantly boosted sales team morale and productivity.
WebEngage's success with Visdum is further evidenced by their glowing video review on G2, where Kasim Sheikh, Senior Manager Sales & CRM Operations highlights the platform's ease of use and the positive impact it has had on their sales operations.
Key improvements:
These real life case studies demonstrate Visdum's versatility in handling diverse compensation structures across different industries, consistently delivering significant time savings, improved accuracy, and enhanced transparency.
Visdum continues to shine in G2's reports, solidifying our position as a top sales compensation software. Our recent achievements in the Summer 2024 reports highlight our commitment to excellence and customer satisfaction.
Summer 2024 Report Achievements:
Key Performance Metrics:
These impressive scores across key metrics underscore Visdum's outstanding performance, reflecting our commitment to rapid implementation, strong customer relationships, and delivering tangible results for our clients.
📚 Also read: Visdum Leads in G2 Sales Compensation Reports for 2024
In addition to these recognitions, Visdum is SOC 2 Type 2 certified SaaS, with the final audit report revealing no findings or remediation requirements.
This rigorous, independent audit verifies that our security practices, policies, and procedures meet the highest standards for protecting customer data.
Key aspects of our SOC 2 Type 2 certification:
This certification underscores our commitment to maintaining the security and privacy of our clients' sensitive information, providing an additional layer of trust for our users.
📚 Also read: Visdum: The Best SOC-2 Type II Certified SaaS Sales Commission Software in 2024
While we're honored by this Netty Award nomination, we're not resting on our laurels.
At Visdum, we believe in continuous innovation, and we're excited about the future of sales compensation management.
One of our key focus areas is the integration of artificial intelligence into the sales compensation planning process. We envision a future where AI can help businesses design more effective compensation plans, predict the impact of different strategies, and even provide personalized recommendations for individual sales reps.
These are not just pipe dreams. Our team of developers and data scientists is hard at work turning these ideas into reality. We believe that the fusion of human expertise and artificial intelligence will unlock new levels of performance and satisfaction in sales teams around the world.
As we look forward to the Netty Awards ceremony, we want to express our deepest gratitude to everyone who has been part of the Visdum journey. To our clients, whose trust and feedback have been invaluable in shaping our product. To our partners, whose collaboration has helped us expand our reach and impact. And to our dedicated team, whose passion and hard work make everything we do possible.
This Netty Award nomination is not just a recognition of Visdum as a product; it's a celebration of the entire ecosystem of people and businesses who are working together to redefine what's possible in sales compensation management.
Thank you for being part of this exciting journey. Here's to the future of sales compensation management – a future we're committed to shaping, one innovation at a time.