We charge a monthly subscription fee based on the number of payees. We do not charge for Admin or any non payee users. There is a one-time implementation fee that is dynamic and flexible based on the type of comp plans and our services team will set up the same with employee data so that you are quickly up and running.
Implementation will include call sessions to understand and implement your commission plans prior to training the Admin on how to use the system followed by a training session for the Sales team on their logins before go-live.
At Visdum, security is important. We know that safety is important for both your business and ours. Your data is encrypted when you send it to and receive it from Visdum. We store all data using the latest security technology and best practices in the industry, such as:
Visdum is ISO 27001:2013 certified, which is an international security standard that lays out best practices for how organizations should manage information security risk by creating an information security management system (ISMS).
Data is encrypted both at motion and at rest with industry leading protocols and standards
CCPA and GDPR Compliant
Strict role-based Access Control Rules
In our experience, successful implementation can take anywhere between 2-4 weeks. This depends upon the complexity of the commission plans, the time it takes to receive complete data, and the technical requirements from the organization for CRM and Billing Systems Integration.
Time-consuming and error-prone: Manually calculating commission payments using Excel can be a time-consuming and error-prone process. This is particularly true for companies with complex commission structures or a large number of sales reps. Even small mistakes in calculation can lead to significant discrepancies in payouts, which can cause frustration and damage relationships with sales reps.
Lack of transparency: Excel sheets can be difficult to manage and maintain, especially when it comes to tracking changes over time. This can lead to a lack of transparency in the commission calculation process, which can cause distrust and confusion among sales reps.
Difficulty in scaling: As a company grows, the complexity of its commission structure can increase, making it more difficult to manage using Excel. This can lead to further errors and inefficiencies, as well as additional costs in terms of time and resources needed to maintain the spreadsheet.