CaptivateIQ provides a sales commission solution that automates and simplifies the commission calculation process for sales teams. The platform integrates various data sources, allowing for real-time commission calculations and reducing the need for manual data entry. Its interface is designed to be user-friendly, resembling tools like Excel or Google Sheets, which means that no coding skills are required to use it. What sets CaptivateIQ apart from its competitors is its ability to offer customizable reports and commission plans, helping organizations align their sales teams and motivate them effectively. The goal of CaptivateIQ is to help sales-driven businesses optimize their incentive structures and enhance operational efficiency.

Amity Ventures

S28 Capital

Sequoia

Accel

Y Combinator

ICONIQ Growth

Sapphire Ventures

Fintech

Financial Services

CaptivateIQ

CaptivateIQ is recognized as a “Strong Performer” in Forrester’s new report, “The Forrester Wave: Sales Performance Management Platforms, Q1 2023.”. The report reportedly “uses 25 criteria to evaluate 11 sales performance management (SPM) providers.”. CaptivateIQ was recognized for “having an enterprise roadmap that has ‘delivered an enterprise-grade solution with a complete incentive compensation product that is robust enough to support the most complex requirements’.”

Fintech Captivateiq Identified As Strong Performer In Sales Performance Management In New Industry Report

The Floorr launched earlier this year to shake up the digital styling experience by empowering personal shoppers and stylists to manage and expand their businesses in an increasingly competitive environment. Available on the web and iOS devices, The Floorr offers tools for conducting sales, hosting tailored styling sessions, creating mood boards, and engaging in text or voice chats with clients, all in one place. The company recently introduced a new styling tool called “Styling Sessions,” allowing stylists to create complete outfit looks using products from The Floorr’s marketplace or by uploading images or taking pictures of in-store items on their phones. Additionally, The Floorr formally announced Thursday its $1.7 million pre-seed funding round, backed by Net-a-Porter co-founder and investor Carmen Busquets (who is also an adviser for The Floorr) and Nigora Tokhtabayeva, a jewelry designer and founder of Tabayer. Styling Sessions featureImage Credits: App Store ScreenshotSince beginning her career as a sales associate at Harrods in 2000 and later shifting to a leadership role for Net-a-Porter’s personal shopping service, founder Lupe Puerta has witnessed an increasing trend among luxury brands to adopt digital platforms to enhance the one-on-one styling experience. Virtual consultations and online styling services are common nowadays. For instance, companies like Next Level Wardrobe, Thread,and Wishi, among others, offer digital fashion services. Not to mention, the rising popularity of virtual try-on tech, AI-powered style assistants, and subscription boxes (Stitch Fix, Wantable and DailyLook) makes finding curated looks that much easier.Lupe PuertaImage Credits: The FloorrHowever, digital solutions for personal stylists, especially freelancers, remain relatively limited. “I wanted to create what my community needed in the form of an app by [helping] personal shoppers have the tools to really be agile and create beautiful content in one place and have that instant interaction with customers,” Puerta told TechCrunch. “Instead of creating PDFs, sending screenshots on WhatsApp, or sending an email, [The Floorr] has everything centralized in one place and gives them access to their business and analytics, allowing them to be more entrepreneurial.”Another tool available on the platform is a sales dashboard for stylists, which displays analytics like the total number of clicks, orders, items sold, and weekly/monthly earnings. Stylists and their clients have access to a wide selection of luxury items, thanks to partnerships with high-end retailers, such as Bergdorf Goodman, Browns, Chloé, Farfetch, Neiman Marcus, Net-a-Porter, Saks and SSense

Luxury Fashion Startup The Floorr Empowers Personal Stylists With Tools To Grow Their Businesses

CaptivateIQ has unveiled its real-time commission platform built specifically for enterprise scale.

CaptivateIQ Introduces Real-Time Commission Platform for Enterprises

CaptivateIQ, a leading incentive compensation management (ICM) solution, announced CaptivateIQ Assist, a cutting-edge commissions AI solution designed to transform the way businesses manage their compensation processes.

CaptivateIQ Announces Groundbreaking Commissions AI Solution, CaptivateIQ Assist, to Revolutionize Incentive Compensation Management

SAN FRANCISCO, Dec. 12, 2024 /PRNewswire/ - CaptivateIQ, a leading sales performance management solution, today announced the launch of Quotient, a redesigned commission admin experience for their Incentives solution.

CaptivateIQ Unveils Quotient, Transforms Commissions Management for Compensation Professionals

SAN FRANCISCO, Sept. 16, 2024 /PRNewswire/ - CaptivateIQ, a leading incentive compensation management (ICM) solution, today expanded into sales planning with the launch of CaptivateIQ Planning, a data-driven tool that ensures territory and quota plans are set up to maximize sales team effectiveness.

CaptivateIQ Expands into Sales Planning with New Solution for Revenue Teams

CaptivateIQ has unveiled its real-time commission platform built specifically for enterprise scale. The new SmartGrid brings both speed and scale to enterprise commissions by managing, modeling and calculating them at a scale of up to 50 million records of data per sync and a speed of 12 seconds to process calculations with 10 million source transactions, CaptivateIQ said in a Tuesday (Nov. 14) press release. “As enterprises look to the future, they are realizing the traditional way of managing commissions — where they have to compromise between speed or scale — is no longer sustainable,” CaptivateIQ Co-Founder and Co-CEO Mark Schopmeyer said in the release. “That’s why we’ve set out to build the future of enterprise commissions with SmartGrid, empowering our customers to manage their incentive programs with ease, no matter how large or complex.”

Captivateiq Introduces Real-Time Commission Platform For Enterprises

New Calculation Components and Global Attributes Features Bring Unmatched Level of Efficiency and Precision to Incentive Plan BuildingSAN FRANCISCO, June 25, 2024 /PRNewswire/ -- CaptivateIQ , a leading incentive compensation management (ICM) solution, today introduced two features designed to bring a new level of efficiency, scalability and precision to enterprise commission plan management: Calculation Components and Global Attributes.Commission plan management is only growing more complex as the number of employees on incentive plans increases across organizations. In fact, according to CaptivateIQ's State of Incentive Compensation report , almost half (49%) of incentive compensation professionals rated the inability to scale their programs as a top challenge. Traditionally, they have had to compromise between using spreadsheets for flexibility, despite the inefficiencies of manual upkeep, or rule-based ICM solutions that offer scalability but limit customization.Now, CaptivateIQ – which has long offered a flexible, no-code modeling experience - has reimaged plan building and maintenance for its users, pairing flexibility with scalability through reusable Calculation Components and Global Attributes. Key features include:Global AttributesCompensation professionals often spend countless hours on data upkeep. CaptivateIQ's new Global Attributes feature serves as a centralized source of truth for attribute data—such as roles, teams, and quotas—with effective dating and inheritance. This significantly reduces the manual effort and risk of errors, streamlining the management of commission plans.Global Attributes allows users to build a table of employee attributes and plan data for use across all plans, making updates from a single hub

Captivateiq Pairs Flexibility With Enterprise Scalability For Commission Plan Management

Enterprise Workflow Automation brings intelligence, automation and flexibility to complex commission processes, driving efficiency and timely payoutsSAN FRANCISCO, March 13, 2024 /PRNewswire/ -- CaptivateIQ , a leading incentive compensation management (ICM) solution, today introduced Enterprise Workflow Automation, a solution that enables compensation administrators to build intelligent and automated commissions workflows that fit their specific business needs and ultimately expedite Time-to-Payroll (TTP).TTP serves as a critical benchmark in evaluating the efficiency of a company's commissions process. However, once commissions calculations are run, compensation administrators and revenue teams often face weeks of painstaking reviews, disputes, and approvals that span different teams and systems. This manual orchestration can lead to communications sprawl, error-prone outputs, and, inevitably, delays in getting commissions paid out – which not only takes up significant time for the admins, but in turn impacts team performance and motivation.As the foundation for Enterprise Workflow Automation, CaptivateIQ designed a Custom Workflow Builder to save compensation teams time while keeping sellers motivated through faster delivery of incentives. Available immediately is the ability to build custom workflows for one of the most common and lengthiest parts of the TTP process: inquiry approvals. With Custom Workflow Builder, admins can build intelligent workflows that define unique inquiry types, automate inquiry assignment, add approvals to those inquiries and offer visibility into those approvals all in one place.Looking forward, CaptivateIQ will build reviews, processing, and adjustments into the Custom Workflow Builder to cover the entire gamut of activities in the commissions to payroll process. The flexibility to automate any commissions workflow through CaptivateIQ's no-code platform will cut down on manual triage, create a source of truth for communications, help ensure accurate data adjustments, and drive a more efficient commissions process.Based on a 2024 CaptivateIQ customer survey, CaptivateIQ users see an average reduction of 31% in TTP, from 14.7 days to 10.1 days and, in some cases, much more

Captivateiq Expedites Time-To-Payroll For Revenue Teams With New Solution

SmartGrid™ ELT brings enterprise-scalability and speed to importing, aggregating, and transforming commission data – all without codeSAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ -- CaptivateIQ , a leading incentive compensation management (ICM) solution, today introduced SmartGrid™ ELT engine, a real-time data management suite for importing, aggregating, and transforming commission data sources without code.Commissions are often a sales organization's largest expense and getting sales data into a commissions-ready state is a prerequisite to a successful and cost-effective incentive compensation program. Before CaptivateIQ, calculating commissions meant combining data from multiple sources, investing in daylong data clean-up efforts, and waiting on help from consultants or data teams."Our founding team lived the pain of running commissions first hand. We know exactly how frustrating it is to spend days cleaning and manipulating data and how powerless you feel waiting on technical teams for help," said Mark Schopmeyer, Co-Founder and Co-CEO at CaptivateIQ. "We knew our platform had to be different. That's why we built SmartGrid

Captivateiq Introduces Real-Time Data Management For Incentive Compensation

Sales commission automation and calculation platform

CaptivateIQ

Sales commission automation and calculation platform

CaptivateIQ

Sales commission automation and calculation platform

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