SmartGrid™ brings both speed and scale to enterprise commissions
SAN FRANCISCO, Nov. 14, 2023 /PRNewswire/ -- CaptivateIQ, a leading incentive compensation management (ICM) solution, today introduced the only real-time commission platform built for enterprise scale. CaptivateIQ's SmartGrid™, their proprietary ELT and calculation engine, can manage, model and calculate enterprise commissions data in real-time, at scale – loading up to 50 million records of data per sync and taking just 12 seconds to process calculations with over 10 million source transactions.
Enterprise commission teams have historically been forced to use slow, rigid legacy solutions to manage their sales compensation and total rewards programs due to their unique complexity and data volume. Now, they can support the magnitude of their commissions with the speed and scale required for the modern enterprise. Companies like Affirm, Figma, and Gong have already turned their commissions program from a cost center into an efficiency driver, leveraging CaptivateIQ's SmartGrid to:
"As enterprises look to the future, they are realizing the traditional way of managing commissions - where they have to compromise between speed or scale - is no longer sustainable," said Mark Schopmeyer, Co-Founder and Co-CEO at CaptivateIQ. "That's why we've set out to build the future of enterprise commissions with SmartGrid, empowering our customers to manage their incentive programs with ease, no matter how large or complex."
"[With CaptivateIQ] Payees no longer need to wait for one to two weeks after month close before seeing expected payment amounts. They now have the option of previewing updated pay statements in real-time as deals close," said Sean Emberley, Sales Operations Analyst at Planview.
Today's announcement comes as a follow-on to CaptivateIQ's recent introduction of its SmartGrid calculation engine – which helps businesses run commission calculations in real-time, at scale – and SmartGrid ELT engine, which delivers real-time data management through native connectors and no-code transformations to bring in data in any format, without code and in real-time. For more information about the data management or calculation capabilities of SmartGrid, visit www.captivateiq.com/smartgrid.
CaptivateIQ offers the most flexible way to automate commissions, motivate sellers, and captivate with insights. Leading companies such as Carta, Gong, and Intercom rely on CaptivateIQ to provide world-class technology, real-time transparency, and unprecedented visibility into their most important metrics, driving faster close times, reducing costly payout errors, and improving visibility into sales performance.
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