Excellent software to calculate and manage sales incentive payouts
We use Visdum to calculate sales commissions and manage payouts. It integrates with our QuickBooks invoicing system & HubSpot CRM to sync …
Starting at $35 per month per user
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What is Visdum?
Visdum is a Sales Compensation System built to help companies manage and optimize sales incentives, to produce a motivated sales team. Visdum is a no-code SaaS platform that allows companies to design and automate any compensation plan, with the flexibility…
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Pricing
Entry-level set up fee?
- Setup fee optional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $35 per month per user
Product Details
- About
- Integrations
- Competitors
- Tech Details
What is Visdum?
Visdum is a Sales Compensation System built to help companies manage and optimize sales incentives, to produce a motivated sales team. Visdum is a no-code SaaS platform that allows companies to design and automate any compensation plan, with the flexibility to add SPIFFs, Bonuses, and Kickers. Visdum boasts SaaS companies like FarEye, Sirion Hubilo, Haptik - Reliance, DarwinBox, etc, as customers who automate their sales compensation process with the Visdum platform.
In a nutshell, Visdum helps Rev Ops, Sales Ops, and Finance teams to:-
1. Automate the sales incentive process;
2. Gamify performance with a real-time performance dashboard, etc.
3. Drive sales contests, SPIFFs, Bonuses; and
4. Execute reward and recognition programs
Visdum Features
Sales ICM Features
- Supported: Sales compensation plan creation
- Supported: Complex sales crediting
- Supported: Sales compensation process automation
- Supported: Incentive auditing/regulation compliance
- Supported: Sales compensation dashboards & forecasting
- Supported: Incentive modeling
- Supported: Agile incentive strategy
- Supported: ICM mobile visibility
Visdum Screenshots
Visdum Integrations
Visdum Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Countries | Americas, Europe, LATAM, APAC |
| Supported Languages | English |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Visdum has proven to be a valuable solution for businesses by addressing various challenges and streamlining the sales compensation process. Users have found that Visdum eliminates the need for manual calculations in Excel, automating the computation process for commission plans. This not only saves time and energy but also reduces errors and ensures accurate and timely compensation for customer success teams. With real-time visibility into sales incentives, Visdum serves as a central repository, providing users with transparency and simplicity in managing and viewing all data related to sales incentives.
By eliminating the manual processes associated with tracking incentive eligibility and reconciling reports, Visdum solves the challenge of maintaining data in Excel, particularly when compensation plans frequently change. It provides a single platform for users to check their achievements and earnings anytime, increasing clarity and reducing queries and disputes. Moreover, ready-made reports in Visdum eliminate the need to dig into Salesforce and spend hours preparing data, providing users with quick access to crucial information. Overall, Visdum's automation capabilities enhance sales performance, transparency, motivation within the sales team, and ensure accurate commission payments, making it a valuable tool for businesses seeking to streamline their sales compensation processes.
Efficient Automation: Users have found Visdum to be a highly effective tool for automating sales commission policies, including presales and partner commissions. Several reviewers have praised the software's ability to save time and effort by automating the sales incentive computation process, ensuring accurate calculations and maintaining trust with sales teams.
Exceptional Support: The support provided by the Visdum team has been consistently exceptional, according to multiple users. They appreciate the quick turnaround times for query resolutions and assistance in configuring the system according to specific requirements. This level of support has contributed greatly to their overall satisfaction with the software.
User-Friendly Interface: Many reviewers have highlighted Visdum's user-friendly interface as one of its standout features. They find it effortless to run commission calculations for sales teams and appreciate the clear visibility on variable achievement and potential earnings that it provides. This creates a sense of urgency and motivation for closing deals faster, ultimately driving productivity within their organizations.
Lack of Customization Options for Reporting: Some users have expressed disappointment with the limited customization options for reporting in Visdum. They feel that the user interface lacks flexibility and does not allow them to tailor reports according to their specific needs.
Limited Mobile Functionality: A few users have mentioned that they find the mobile functionality of Visdum to be lacking. They feel that certain features or capabilities are missing when using the software on their mobile devices, which limits their ability to work efficiently while on the go.
Learning Curve for Administrative Navigation: According to one user, there is a learning curve associated with navigating the administrative side of Visdum. This indicates that some users may find it challenging initially to understand how to use and navigate through the administrative features of the software effectively.
Reviews
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Score 10 out of 10
Vetted Review
Verified User
We use Visdum to calculate sales commissions and manage payouts. It integrates with our QuickBooks invoicing system & HubSpot CRM to sync commissions data, without having to manually update this in multiple places. Visdum allows the entire team to have more visibility into how commissions are calculated each month.
- Sales comp plan modeling - Visdum takes into account our complex sales commission plans and allows us to model our plans to accommodate multiple sales roles and make adjustments even mid-way through the year.
- Visdum's built-in ASC 606 reporting features help us stay on top of compliance standards.
- We've been able to decrease commission related disputes by 60% since implementing Visdum. Payout statements on Visdum are detailed such that sales reps have a clear understanding of their earnings.
- The UI could use a facelift
- As an admin, I love the flexibility the platform provides but I wish the reports were a bit more customizable.
98.75%
9.9
- Reduced commission related disputes by 60%
- Reduced time to reconcile commissions (down by 30%)
- Increased transparency for sales reps
- Reduced operational workload
March 11, 2024
Great tool for commission transparency!
Visdum saves a lot of time in process and commission computation vs what we used to do in excel sheets. No need to maintain data over drive. Historical reports can be pulled out. Best part is that all sales teams data whether their current and historical comp plans, quota and variable details, payout reports are available in one single system instead of sitting in silos it used to be when this process was manual.
- Seamlessly integrates with CRM and Billing system
- Allows us to over ride data for commission processing
- Allows for easy handling of exceptions
- Handling multiple currencies
- Customizing reports
- Handling down-sells and churn
95.71428571428571%
9.6
- Saved time taken in processing commissions
- Saved time in back and forth with payees in understanding their payouts
- Can finally understand the comp plan and trust the payouts
18
Sales, CSMs, and SDRs
1
Finance, RevOps
- Sales Commissions
- Comp Plan setup
- Payroll Extract
- Sales Contests
- Sales Performance Management
- Motivating Sales Teams