Home > Compensation Management Software > Spiff > Spiff vs SimplyMerit

Spiff vs SimplyMerit

Last Updated: November 18th, 2024

Our analysts compared Spiff vs SimplyMerit 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.

SimplyMerit streamlines and optimizes the compensation process by eliminating the need to manage dozens of spreadsheets and keeping all documentation in a single digital location. Reduce human error and incorporate all necessary information with premade templates. Monitor and track award allocations with real-time data and approve, modify or reject recommendations.

Manage multiple merit cycles and timelines. Generate employee rewards statements and reports. Set alerts to remind managers to complete approvals and update all stakeholders via automated emails. Automatically track every update made to budgets and plans to simplify future audits.

Pros

Easy to use
Affordable
Good support
Wide features
Integrates well

Cons

Limited reports
Not for large companies
Occasional bugs
Lacks some features
Limited customization

$99 Monthly

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Tailored to your specific needs

$10,300 Annually

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Tailored to your specific needs

Small

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Large

Small

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Large

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Chromebook

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Cloud

On-Premise

Mobile

Cloud

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Mobile

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Documentation

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24/7 Live Support

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24/7 Live Support

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.

Improved compensation fairness and transparency: SimplyMerit promotes fair and unbiased compensation practices by providing clear data and insights into employee performance and market trends.
Enhanced employee engagement and motivation: By recognizing and rewarding employee performance, SimplyMerit helps create a more engaged and motivated workforce.
Reduced administrative burden for HR and managers: With automated workflows and streamlined processes, SimplyMerit frees up time for HR and managers to focus on strategic initiatives.
Better talent acquisition and retention: A competitive and transparent compensation program attracts top talent and encourages high performers to stay with the company.
Improved financial performance: By optimizing compensation spend and aligning rewards with performance, SimplyMerit can lead to significant cost savings and improved financial performance.
Data-driven decision making: SimplyMerit provides valuable data and insights that can be used to make informed decisions about compensation strategy, talent management, and workforce planning.
Increased confidence in compensation decisions: With greater transparency and data-driven insights, managers and leaders can make more confident decisions about compensation.
Improved communication and collaboration: SimplyMerit provides a platform for open and transparent communication about compensation, leading to better understanding and collaboration between managers and employees.
Enhanced company culture: By focusing on fair and transparent compensation, SimplyMerit helps create a more positive and rewarding work environment for employees.
Reduced risk of legal challenges: By ensuring compliance with legal and regulatory requirements, SimplyMerit helps companies avoid costly legal challenges.

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: Guide managers through every aspect of the compensation management cycle, from configuring and establishing budgets to final approvals. Manage and oversee salaries, bonuses, merit increases, pools, promotions and other payment types. Prorate plans for employees hired mid-year. HR administrators can set and change guidelines to best suit the needs of the business.
Analytics: Leverage built-in analytics tools to identify biases, disparities, outliers and trends in payment.
Multiple Currencies: Calculate conversion rates and manage reward allocations in multiple currencies.
Information Templates: Speed up implementation and upload all necessary compensation information into the system with premade templates.
Report Generation: Automatically generate total reward statements and other reports for each employee.
Alerts: Set alerts and reminders to notify managers of upcoming approval and request deadlines.
Automated Communication: Automatically email individual reward statements and adjustment letters to employees. All managers or administrators can view every update or comment throughout the system, so long as their position in the hierarchy exceeds that of the author. Instantly notify impacted managers of each request approval, change or rejection.
Real-time Data: Provide managers with up-to-the-minute data to help them make informed decisions. Payments and award allocations are instantly updated to reflect how much of the allotted budget remains.
Security: Set permissions to ensure only approved users can see, change or upload data. Track every change made to each compensation process and timeline.

Product Ranking

#17

among all
Compensation Management Software

#78

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.

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4.7 (1267)

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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.

Easy to use: Intuitive interface and simple workflows save time and effort.

Fairer compensation: Data-driven insights help ensure pay is fair and unbiased.

Engaged employees: Recognition and rewards programs motivate and improve morale.

Time-saving automation: Streamlined processes free up time for HR and managers.

Improved decision-making: Data-backed insights help make informed decisions about talent.

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.

Limited reports: Lacks advanced reporting features for deeper insights.

Scalability concerns: May not handle large organizations efficiently.

Occasional bugs: Users encounter glitches and bugs sometimes.

Missing features: Certain desired functionalities are absent.

Limited customization: Less flexibility to tailor the platform to specific needs.

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.

SimplyMerit is generally praised for its user-friendly interface, data-driven approach to compensation, and time-saving capabilities. Users report that it is easier to use and improves fairness and transparency in compensation compared to other platforms like Workday or Cornerstone OnDemand. Additionally, the automated workflows free up HR professionals' time, allowing them to focus on more strategic tasks. However, some users point out that reports lack depth and customization options are limited compared to competitors. Additionally, concerns around scalability and the occasional bug are mentioned. Overall, SimplyMerit seems to offer a strong value proposition for smaller companies or those seeking a simple and efficient compensation solution. However, companies with complex needs or large employee populations might find its limitations frustrating.

Screenshots

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FAQ

How can I do a in-depth comparison of Spiff and SimplyMerit? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

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