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About Spiff
Industries
Enterprise Software
Fintech
Company Size
201-500
Company Stage
Series C
Total Funding
$111.9M
Headquarters
Sandy, Utah
Founded
2017
Overview
Spiff provides a commission management platform that helps businesses, especially those with sales teams, manage their commission processes efficiently. The platform combines the familiarity of spreadsheets with automation, allowing users to create and manage complex commission plans quickly, often in minutes instead of months. Spiff's features enable businesses to make adjustments, restructure teams, and track performance easily, all in one place. This focus on usability and speed sets Spiff apart from competitors. The company's goal is to enhance motivation and satisfaction among sales teams by ensuring transparency and trust in the commission process.
Simplify's Take
What believers are saying
- Spiff's integration with AI tools enhances predictive insights into sales performance.
- The mobile app expansion aligns with the growing trend of mobile-first fintech solutions.
- Spiff's cloud-based solutions capitalize on the rise of remote work and cloud demand.
What critics are saying
- Integration challenges with Salesforce systems could delay acquisition benefits.
- Generative AI technology may face data privacy and security scrutiny.
- Rapid growth could lead to operational inefficiencies if not managed properly.
What makes Spiff unique
- Spiff automates complex commission processes with real-time, machine learning-driven solutions.
- The platform combines spreadsheet usability with automation speed for quick commission plan creation.
- Spiff Designer offers customizable commission models, enhancing user control and flexibility.
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Funding
Total Funding
$111.9M
Above
Industry Average
Funded Over
4 Rounds
Lightspeed Venture PartnersIndustry standards
Company News
Salesforce has announced plans to acquire Spiff, a platform that automates commission processes for sales teams.
Spiff, the top provider of sales commission software, has released a series of groundbreaking updates that aim to elevate sales compensation.
Spiff, the leading sales commission software for forward-thinking revenue and sales organizations, announced its generative AI technology, Spiff Assistant, making it easier for customers to self-manage on the Spiff platform by helping them understand and build plans, design and optimize workflows, predict commissions, attainment, and attrition, and provide insights on how commission plans are performing and driving behavior.
Sales commission software provider Spiff has raised $50m in a series C funding round led by Salesforce Ventures.
Spiff also announced the launch of Spiff Designer, its newest model builder, which enables finance and sales ops professionals to build and manage their commission programs- The company is also building products for use cases such as Revenue Recognition, Forecasting, Allocations, and Territory & Quota Planning.
There are no jobs for Spiff right now.
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About Spiff
Industries
Enterprise Software
Fintech
Company Size
201-500
Company Stage
Series C
Total Funding
$111.9M
Headquarters
Sandy, Utah
Founded
2017
There are no jobs for Spiff right now.
Find jobs on Simplify and start your career today