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Effortlessly manage DSA sales commissions in NBFCs with automation. Simplify unique plans, ensure GST compliance, automate invoices, and integrate systems for accurate, transparent, and efficient financial processes.
Delayed or miscalculated incentives in the BFSI industry can lead to a domino effect—damaging morale, causing retention risks, and low productivity. The blog explores strategies to prevent the domino effect by building a resilient, transparent incentive management system that keeps your team motivated and aligned with company goals.
LIC recently responded to new IRDAI guidelines mandating higher surrender values by reducing agent commission rates. Learn how Incentivate’s dynamic sales commission solution can support compliance, maintain agent motivation, and enhance customer retention.
AI-driven cross-functional integration aligns sales compensation with broader business goals, optimizing strategies by uniting teams and eliminating silos.
AI transforms traditional quota-setting into a dynamic, adaptive process, tailoring goals to sales professionals' strengths and market shifts.
Communication is the key to any relationship, be it personal or professional. Lack of communication can strain relationships in many ways especially if you are working in a sales organization. Nowadays, organizations pay a hefty amount of money to PRs and marketing agencies to improvise their external communication but in this attempt, they tend to forget that internal communication is the pillar of any organization.
"Like a human, a company has to have an internal communication mechanism, a "nervous system", to coordinate its actions."
This quote from Bill Gates says it all. Internal communication is all about effective communication among employees and employers within an organization. It is not just restrained for one team or one department. It is everyone's responsibility including top-level management, managers, and employees at all levels. You might be thinking "why is communication with sales reps important" and “why should you care"
If this is your first time building a communication strategy, keep in mind that communication is a continuous and evolving process. Be sure to talk with your sales reps and gather feedback from them regularly. Effective communication helps develop a sense of purpose among sales reps motivating them to achieve their sales targets and also ensures a positive future for your organization. If you don’t have a culture of communication amongst your sales team, it is never too late to establish it.