Xactly to partner SAP for incentive compensation product

Xactly Corporation is to partner SAP to launch an integrated incentive compensation management product.

The Xactly Incent, a cloud-based incentive compensation management product, will be integrated with SAP’s Cloud for Customer products, which include desktop and mobile products for sales staff.

The integrated product aims to help employers maximise their sales effectiveness while reducing operational costs.

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Christopher W Cabrera (pictured), president and chief executive officer of Xactly Corporation, said: “Despite hundreds of billions of dollars spent on sales compensation annually, many organisations still calculate commissions and bonuses manually on error-prone spreadsheets, opening their organisations up to both material and performance risks.

“We look forward to leveraging the power of products from SAP and from Xactly to help [employers] reduce risk, gain insight and create a more engaged, aligned and motivated workforce.”