"Sales compensation has become both more complex yet more critical to a company's growth and success. While most finance
departments struggle to manage the process, many run the risk of noncompliance with Sarbanes-Oxley (SOX) due to errors resulting
from spreadsheet-based systems..." more
Intuitively, most people realize that effective sales compensation is vital for sales and
business success. When performance measures relate directly to business goals,
sales reps and others with a variable compensation component are motivated to sell
more, increasing corporate revenues and profits..." more
"The Sarbanes-Oxley Act (better known as SOX, but officially known as the Public Company Accounting Reform and Investor Protection Act of 2002) requires companies to establish and maintain internal financial controls. One of the major provisions of SOX is that systems need to provide an archive or audit trail, which is something that spreadsheets simply weren't designed to do..." more
"Incentive compensation management (ICM) has gained traction in recent years because corporations recognize its potential
to profoundly affect both the top and bottom lines. Companies can preview the effects of business volume forecasts as well as
changes to compensation plans or organizational structure. This foreknowledge can help them generate revenues while they
manage cost and risk..." more
"When you use Xactly Incent, your data is stored in a secure data center where all server and system maintenance is handled for you. Xactly Corporation provides an industry leading security infrastructure ensuring that customer data is always secure. Xactly understands the confidentiality of financial information, so ensuring security both within and across customers is our top priority..." more
"The Sarbanes–Oxley Act of 2002 (SOX) has forced corporations to examine their spreadsheet use in financial reporting. Corporations do not like what they are seeing. Surveys conducted in response to SOX have shown that spreadsheets are used widely in corporate financial reporting. Spreadsheet error research, in turn, has shown that nearly all large spreadsheets have multiple errors and that errors of material size are very common..." more
