Performio provides a better way to track and manage performance-based incentives for pharmaceutical salespeople. Our intelligence-driven commission software helps your medical technology business increase accuracy and performance while eliminating the hidden costs of manual commissions. Scalable, flexible and accessible, Performio is easy to use and maintains a high level of security, so you can rest easy knowing your sales data is safe.
Sales Commission Software for Pharmaceutical and Medical Technology Businesses
Commissions calculations are complex beasts, depending on a variety of customer factors and variables. Though such calculations are meant to match commissions more closely with the value of the sale, their complexity can bring about numerous problems for manual commission calculations. The more complex the calculation, the more likely it is to be miscalculated. This is even true for spreadsheet-based practices, which can propagate an entire series of errors before the original calculation error is caught. The result can be lost revenue, lost time and a damaged relationship between your organization and your sales force.
Avoid these problems with the best pharmaceutical sales compensation software available — Performio.
Performio is the best sales compensation software for medical equipment and pharmaceutical businesses, helping to mitigate the difficulties associated with commission compensation for medical sales teams. This easy-to-use sales commission management software for med tech companies uses a combination of business analytics, accurate commission calculations and motivating dashboards to help implement best practices in your institution. The benefits of our software speak for themselves:
- Motivated Sales Teams: Make every day a competition with dashboards and leaderboards based on real-time sales data. Easily accessible from a mobile device or PC, these dashboards show your sales associates how they stack up against other associates and their quotas. With this tool, you can keep employees motivated and push them to their peak performance.
- Better Visualization: Performio offers detailed commission reports and analytics for your administrative staff, identifying key trends in sales performance data and alerting your administrative staff about them as they happen. This way, you can quickly react to dips and peaks in sales performance, pushing your sales team to new heights.
- Greater Security: Performio is a web-hosted SaaS on Amazon Web Services. This means we can guarantee your business the highest level of security possible while still maintaining an easy-to-access commission compensation service for your medical sales teams.
- More Savings: Manual commission tracking is an expensive process between the labor costs and the costs of inaccurate commissions. With more accurate calculations from Performio, you get accurate commission tracking for your pharmaceutical salespeople that eliminates these unwanted costs and maximizes your business’ revenue.
On top of these benefits, Performio is highly affordable, on average costing less than one percent of a business’ total commissions, making for an excellent return on investment. Since our sales commission software was launched in 2006, Performio has calculated over $300 million in commission payments, saving more than 500,000 administration hours for pharmaceuticals and medical device businesses. You can be confident it’s tried and tested.
Life Science Case Studies
As the leading incentive compensation solution for pharmaceuticals and medical device businesses, we are more than familiar with the unique challenges of paying for performance in this industry. Discover how our clients got complete control over processes and procedures, reduced administrative costs and eliminated overpayments dramatically.