Unlike sales incentive programs that are typically always-on-programs that can run for a year or more, a SPIFF (Sales Performance Incentive Fund) are incentive strategies designed to reach short-term goals fast, such as shifting old inventory across retailers by rewarding cash payouts.
Old inventory can often get overlooked by sales partners. Launching a SPIFF sales incentive can help shift old stock and improve your brand reputation.
Sometimes advertising isn't enough to launch a new product into new markets, so Sales Performance Incentive Funds are a great way to refocus sales efforts.
If you're not tracking too well towards your sales period targets, launching a SPIFF incentive can help accelerate progress and meet your goals fast.
Explore features you can use to build and launch your program using Kademi's SPIFF software.
When they log into their portal, give sales reps access to dynamic sales data and performance metrics to keep them engaged and selling.
To help our customers make cash payouts, Kademi integrated with www.xtrm.com so incentive funds can be automatically paid to participants in a SPIFF program. Payout options typically include:
Give internal sales reps and stakeholders access to real-time sales reports, which can include:
Explore features that will help you manage your program on Kademi.
Setup multifaceted SPIFF payout rules that consider factors including product SKU, sales volume, cross-sell scenarios, and partner status.
Access all the tools you need to easily upload regular sales data using Kademi's import wizard, or set up a real-time integration.
Kademi's sales incentive framework enables administrators to easily roll back a sales transaction and payout with a single click of a button.
Stay ahead of your competition by firing up regular tactical sales promotions using an easy-to-use wizard - no coding required.
Using Kademi, payouts can be rolled back with a click of a button, adjusting payouts for the current or next sales period.
Kademi's sales incentive framework ensures every sales transaction is linked to a corresponding payout for auditing purposes.
SPIFF programs tend to be short-term strategic programs that payout cash/commissions on sales. Sales incentive programs tend to run for longer periods of time, can have more complexities, and incorporate a broader range of rewards i.e. merchandise.
SPIFF, SPIF or SPIV are the same things.
Yes. Although Kademi markets itself as a Channel Management Platform (CPM) targeting B2B customers, our SPIFFS sales incentives capabilities can be used to launch an employee SPIFF incentive program as well.
Using Kademi’s SPIFF commission software programs sit behind a password-protected partner portal and use 2FA (two-factor authentication) for added security. Kademi's engineers always put security first. Our platform architecture adopts best-in-class endpoint detection, and we host Kademi on Amazon Web Services, one of the world's leading hosting providers.
Kademi can be configured to support many different types of incentive programs.
Help your sales channel launch product into new markets fast by using MDF programs to offset or pay for a partner's marketing development costs.
Accelerate channel performance by creating pricing rules on inventory that can be targeted to entire sales regions, right down to a specific partner.
Launch channel loyalty programs that nurture customer loyalty year on year and influence buying behavior using targeted sales promotions.