From 2 weeks to 24 hour
Calculations that used to take 2 weeks now take 24 hours. ElevateHQ syncs with its data sources every day and provides updated and accurate calculations every 24 hours.
SUCCESS STORY
At WorkBetterNow, they provide remote workforce and virtual assistant services to help small businesses run their operations more efficiently.
WBN provides incredible full-time and dedicated talent from Latin America. Our pre-screened talent pool ensures you find the perfect professional – fast.
Their clients turn to them for top performers in roles such as executive assistants, project managers, marketing coordinators, bookkeepers, and customer service representatives.
WorkBetterNow encountered a significant challenge in managing commissions, particularly with the increasing number of representatives and the complex commission structure that included a placement + retention component with a revised rate in 2024.
The commission is based on whether the placement was successful and whether it was retained for two months after placement. To process the latter, they had to manually check whether the placement was retained, which wasted time.
By integrating our software with their CRM (HubSpot) and spreadsheets, we automated the commission calculation process for WorkBetterNow. When the reps update the CRM and spreadsheet, the calculation automatically happens. This saved them time and effort and ensured accurate and timely commission payments.
Here's what troubled them the most:
WorkBetterNow has a bi-monthly cycle. There was a lot of time invested in two tools (HubSpot and Spreadsheets) to check if a placement was made and if any retention commission was due to pay to older deals.
Edge cases such as retention, replacement for non-retained placements, and overtime calculation made the calculation difficult. They had also changed their commission rate. So, the retention commission in 2024 has two different rates based on when the placement happened.
WorkBetterNow has two approval workflows for overtime and commission statements. It was difficult to get approvals via spreadsheets and emails before the payout cycle bi-monthly.
Calculations that used to take 2 weeks now take 24 hours. ElevateHQ syncs with its data sources every day and provides updated and accurate calculations every 24 hours.
As we automated calculation, room for error was reduced to less than 1%. Reps were not underpaid or overpaid ever since they started using ElevateHQ.
With the latest calculation of commissions earned on their dashboard every day, they have high visibility and are motivated to make more.
Reps can add directly on ElevateHQ if they have worked overtime. It goes through the approval workflow and, when approved, gets added to their commission statement.