Home > Compensation Management Software > Spiff > Spiff vs CompTrak

Spiff vs CompTrak

Last Updated: November 18th, 2024

Our analysts compared Spiff vs CompTrak based on data from our 400+ point analysis of Compensation Management Software, user reviews and our own crowdsourced data from our free software selection platform.

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Product Basics

Spiff is a sales commission solution that helps boost team morale and enhance company growth via automated payout calculations and incentive rewards. It allows users to create and maintain payout and incentive plans that are optimized for top-line growth without the need for any coding or professional services.

The vendor offers a combination of intuitive UI, real-time visibility and seamless integrations. It aligns and enables finance managers to manage complex incentive payout plans efficiently, automates calculations and provides transparency for the sales teams.

CompTrack helps HR administrators and managers oversee every aspect of their compensation process from end to end. Eliminate the need for paper spreadsheets and keep all data and documents in one central, digital location. Streamline workflow and facilitate efficient communication between all stakeholders. Customize dashboards, statements and guidelines to suit the specific needs of the company, department or individual.

Automate tasks to increase efficiency, eliminate errors and allow managers to focus on more critical projects. All stakeholders can access the cloud-based solution via a computer or compatible mobile device from anywhere in the world. Suitable for organizations of all sizes and scalable to fit the demands of a growing company.

$99 Monthly

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$500 Monthly, Quote-based

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Tailored to your specific needs

Small

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Large

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Large

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Android

Chromebook

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Chromebook

Cloud

On-Premise

Mobile

Cloud

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Mobile

Product Assistance

Documentation

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Documentation

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Videos

Webinars

Phone

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Knowledge Base

24/7 Live Support

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Product Insights

Automate Processes: Process millions of daily statements and updates in real time. Make direct changes to compensation plans within the platform. Automatically update accelerators and other plan structures as sales happen.
Get Error-Free Calculations: Prevent inaccuracies in commission statements by automating the commission process and ensuring fair pay for sales teams.
Leverage Real-Time Visibility: Give sales reps access to their commissions in real time and increase team motivation. Allow them to track calculations in the system and check revenue performance whenever needed.
Scale and Grow Business: Leverage the system’s flexibility and scale without limits. Get access to real-time data for as many employees as required.

Enhanced Accuracy: Reduces errors in compensation calculations by automating complex processes, ensuring precise payouts.
Time Efficiency: Streamlines administrative tasks, freeing up HR professionals to focus on strategic initiatives rather than manual data entry.
Data-Driven Decisions: Provides comprehensive analytics and reporting tools, enabling informed decision-making based on real-time data.
Compliance Assurance: Ensures adherence to regulatory requirements and company policies, minimizing the risk of legal issues.
Employee Satisfaction: Enhances transparency and fairness in compensation, leading to higher employee morale and retention rates.
Scalability: Adapts to the growing needs of your organization, whether you have 50 or 5,000 employees, without compromising performance.
Customizability: Offers flexible configuration options to tailor the system to your specific compensation structures and business rules.
Integration Capabilities: Seamlessly integrates with existing HR and payroll systems, ensuring a unified and efficient workflow.
Cost Savings: Reduces administrative overhead and potential financial losses from errors, contributing to overall cost efficiency.
Security: Employs robust security measures to protect sensitive compensation data, ensuring confidentiality and integrity.
Employee Empowerment: Provides self-service portals for employees to view their compensation details, fostering a sense of ownership and trust.
Performance Alignment: Links compensation to performance metrics, promoting a culture of meritocracy and motivating employees to excel.
Global Reach: Supports multi-currency and multi-language functionalities, making it suitable for multinational organizations.
Audit Trail: Maintains detailed records of all compensation-related activities, facilitating easy audits and accountability.
Real-Time Updates: Offers instant updates and notifications, keeping all stakeholders informed and aligned with the latest compensation changes.

Simple Plan Designer: Create and edit payout and incentive plans within a few minutes without coding knowledge. Supports an accessible spreadsheet design.
Smart Building Blocks: Leverage intelligent building blocks by using various objects such as rules and variables to lay out the perfect payout plan.
Integrated Quota Tables: Create, assign and manage quotas with the flexibility of a spreadsheet and the power of a fully integrated system.
Overwrites: Overwrite incorrect values at any level, including source data or calculated values.
Commission Statements: Assign a personalized incentive dashboard that updates in real time to every rep and keep everyone informed about changes happening in the business.
Detailed Commission Traces: Encourage transparency and build trust within the team by providing visibility to the most granular commission calculations.
Payroll Reports: Generate payroll reports in a single click for the finance department and boost motivation by ensuring timely payments.
Testing Capabilities: Test new rules and implementations against real data before implementing them in the plan. Create new plans and optimize the commission structure as per business requirements.
Open Data API: Pull and visualize commission numbers using open APIs.

Compensation Management: Manage and simplify all aspects of the compensation cycle. Utilize multiple reward types, such as salary, bonus, commission, merit and long-term incentives across multiple years, equity and deferral programs. Create specific guidelines and goals for individual employees. Ensure all allocations are equitable and free of bias. Automate tasks and data collection to optimize the workflow.
- Scenario Modeling: Utilize the scenario modeling module to review, analyze and simulate allocations. Manage multiple types of bonus payment plans, such as discretionary, formulaic or performance-based.
- Promotions Management: Oversee the entire promotions process from nominations to approval and notification. Customize eligibility requirements to ensure only qualified employees are nominated. Send personalized communications to successful candidates.
- Historical Tracking: Automatically generate an audit log tracking changes or updates to the compensation process.
Performance Management: Create and assign goals and objectives at the corporate, team or individual level. Produce comprehensive statements to illustrate how an individual’s performance impacts them, the department and the company. Keep employees informed and engaged throughout the year with milestone and goal updates. Utilize self-assessments to aid evaluation of employee and manager performance.
Statement Generation: Generate dynamic, interactive total rewards statements to show employees the value of their complete compensation package and which specific awards their eligible to receive. Employees can access statements online securely, with single sign-on via ADFS. Ensure reports are only accessible to authorized persons by configuring roles and groups. Export statements as PDFs with company marketing.
Customizable Dashboards: All key stakeholders have access to customizable dashboards with real-time data, like pool allocation and totals, to get a holistic view of the compensation plan and make informed business decisions. Tailor dashboards to display only the information valuable to the individual user. Set alerts for pending requests, recommendations, approvals and deadlines.
Global Capabilities: Manage workforces across the globe using multiple languages, currencies, exchanges and real-time FX rates. Set governance and audit requirements based on regional laws and regulations.
Third-party Integration: Integrate with legacy or preferred third-party platforms to automatically pull data from core HRIS or performance management systems.

Product Ranking

#17

among all
Compensation Management Software

#70

among all
Compensation Management Software

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Analyst Rating Summary

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User Sentiment Summary

94%

of users recommend this product

Spiff has a 'excellent' User Satisfaction Rating of 94% when considering 1631 user reviews from 5 recognized software review sites.

94%

of users recommend this product

CompTrak has a 'excellent' User Satisfaction Rating of 94% when considering 10 user reviews from 1 recognized software review sites.

4.7 (1267)

n/a

4.74 (124)

4.7 (10)

4.7 (124)

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4.2 (32)

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4.4 (84)

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Awards

Synopsis of User Ratings and Reviews

Easy To Use: About 95% of reviewers said the UI is transparent, and the platform is easy to use and navigate.

Sharing and Collaboration: Almost every reviewer noted that the Salesforce integration is very helpful and enables quick communication across teams.

Automation and Accuracy: Nearly 89% of reviewers said the software creates accurate plans and makes it easy to review them, increasing employee motivation.

KPI Monitoring: Approximately 67% of reviewers that talked about data visualization said its KPI monitoring features are robust, with descriptive charts that fully break down key parameters.

Service and Support: Almost all reviewers that mentioned support said implementation teams are very responsive and help overcome issues.

Intuitive Interface: Users praise CompTrak for its user-friendly design, making it easy to navigate and find the information they need. Many highlight its straightforward layout and logical flow.

Robust Reporting: CompTrak's reporting capabilities are a major plus for users. They appreciate the ability to generate a wide range of reports, including salary surveys and compensation analyses, with customizable options to tailor the data to their specific needs.

Efficient Performance Management: CompTrak streamlines the performance review process, allowing users to easily track employee goals, provide feedback, and manage compensation adjustments based on performance. This feature is particularly valuable for organizations focused on performance-based rewards.

Speed: Nearly 65% of reviewers said they faced bugs and errors while working with the platform that affected overall speed.

No Initial Training: According to 75% of users who reviewed training, the tool is a bit tricky to learn and there’s not much training provided.

Mobile App Needs Improvement: About 67% of the reviewers said even though the mobile app was helpful, it still lacks some features and needs improvements.

Reporting: Approximately 75% of reviewers suggested that reporting could be more robust.

Features and Functionality: According to 76% of users who reviewed this con, the tool doesn’t provide much customization, and there’s a lot of room for improvement.

Difficult to Use: Users have reported that the software can be difficult to navigate and use, especially for those who are not familiar with compensation management software.

Limited Functionality: Some users have expressed that CompTrak lacks certain features and functionalities that are commonly found in other compensation management software, limiting its ability to meet all their needs.

Poor Customer Support: There have been complaints about the quality of customer support provided by CompTrak, with users experiencing delays or unhelpful responses when seeking assistance.

The system is recommended by its users. Although it has a great support team, it would help if they provided some initial training while onboarding clients. Similarly, the mobile app could also be improved. It has powerful data visualization capabilities and provides accurate compensation plans. Most of the processes can be automated, reducing errors.

Is CompTrak truly on the right track when it comes to compensation management? Recent user reviews suggest that CompTrak is a powerful tool for managing compensation, but it may not be the best fit for every organization. Users praise CompTrak for its robust features, particularly its ability to handle complex compensation plans and automate tasks like calculating bonuses and equity grants. This has allowed companies to streamline their compensation processes and reduce the risk of errors. However, some users have noted that CompTrak's user interface can be clunky and difficult to navigate, especially for new users. Additionally, some have expressed concerns about the level of customer support provided. Compared to competitors like Lattice, which integrates performance management with compensation, CompTrak focuses primarily on compensation management. This makes it a good choice for organizations that need a dedicated tool for this purpose but may not be ideal for those seeking an all-in-one HR solution. Overall, CompTrak seems best suited for larger organizations with complex compensation needs and the technical expertise to navigate its interface. Smaller businesses or those looking for a more user-friendly platform might find other options more suitable.

Screenshots

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FAQ

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