Sales commission tracking and management is an essential component of the day-to-day operations of any company. However, the procedure may be laborious and prone to making mistakes for dealerships. To do it correctly involves a significant investment of time as well as careful consideration of the myriad of nuances involved. You have a combination of full-time and part-time workers, some of whom are paid hourly, while others are given a salary, and the majority are paid on the basis of commission.
In addition, you already have a staffing shortage, and your human resources department is devoting practically all of its time and effort to recruiting new employees and filling open positions so your dealership can operate at total capacity. When it comes to managing people, it might seem like there isn’t enough time in the day to do all of these jobs, much less do them well. This is especially true if you want to do them well.
This is where our sales commission tracking solution for comprehensive people management developed with dealerships in mind might be helpful. You will save time and reduce the risk of payroll and compliance errors by consolidating your recruitment, hiring, payroll, and other post-hire operations into a single, centralized system when you choose the appropriate application. Click here to know more about our software.
Consider this in greater detail:
Reduce the amount of time spent on administration to save money
There is no denying that the commission tracking process may be incredibly time-consuming, mainly when most steps are performed manually. You will be able to save a substantial amount of time and money on administrative tasks if you use commission tracking software that is integrated with the tools that you are currently using for managing dealerships, such as your dealer management system (DMS).
The following is a list of indicators that might help you determine whether or not your commission tracking platform is helping you save or waste time:
• Does your system have an intuitive user interface, and will it be simple to teach new employees how to use it?
• Does your organization provide excellent customer service and maintain a positive reputation?
• Does it serve other customers that operate within your industry?
• Can your system work in conjunction with the other operating systems you use?
• Does your system provide self-service options for your staff?
If any of the questions above prompted you to respond with “no,” you may want to give some thought to upgrading the payroll service that your company uses. We provide comprehensive commission tracking software that interfaces directly with the industry’s leading DMS vendors. You can safely synchronize data about new leads as soon as the lead is identified. You may prepare workers for instant success by providing them with digital tax forms, training videos, and other materials relevant to their roles before their first day on the job.
Improve employee retention
Your ability to pay your workers correctly and on a regular schedule is one of the factors that have the most significant influence on employee turnover. This may be accomplished with the assistance of a commission tracking solution developed concurrently with your scheduling and applicant tracking software, which interacts directly with your DMS. You may gain the confidence and loyalty of your workforce by removing the need to go manually from system to system to complete the process. This will lessen the danger of human error and tax filing problems.
Reduce the complexity of procedures
Most of your day-to-day human resources operations may be easier if you use an all-in-one commission tracking system. For instance, if your payroll software is integrated with your recruiting platform, any new lead data may flow immediately from your existing software to your commission tracking software, which will considerably ease the day-to-day responsibilities of your dealership staff.
Ensure compliance
One of the most challenging aspects of sales commission tracking is ensuring that the system is always compliant. Suppose you depend on your own expertise and understanding to stay in compliance with tax rules and regulations. In that case, you are putting yourself in a position to make errors, many of which may result in costly penalties from the government. If you want to avoid this situation, you should get professional assistance. Your software should be able to assure compliance with state regulations in addition to federal and any other regulatory obligations, giving you peace of mind and protecting your company from potential liability.
Ensure accuracy
Increase the correctness of your paperwork and save up critical time for your dealership resources personnel so they can perform their duties. The more times your staff is required to input the same data, the greater the likelihood they will make an error. By integrating your payroll software with your other systems, not only can you cut down on mistakes, but you can also ensure that the task only has to be completed once.
Bottom Line
As we continue to maneuver through a highly competitive automobile market, the last thing you should be worrying about is whether or not your sales and commission tracking is holding you back and exposing you to the possibility of making mistakes. You may not realize how simple and beneficial it is to streamline your sales with our commission tracking software. Fill out this form to know more or schedule a free demo!