Pharma Sales Target & Incentive Software
Targets everyone can see and incentives nobody argues about. Set targets, track achievement as sales come in, and calculate incentives from your own scheme.
What is sales target and incentive software?
Targets drive a pharma sales team, and incentives are how they're rewarded. In many companies both live in spreadsheets: targets sent out at the start of the month, sales collected at the end, and incentives worked out by hand, with disputes to follow.
RxRep keeps targets, sales and incentives together. Managers set monthly targets by person, product and area. Sales are entered weekly and closed at month end, so everyone sees achievement as it builds. Incentive schemes are set up once, with slabs, product rules, caps and deductions, and RxRep works out each person's earnings. Managers can adjust an amount with a reason, and approved incentives go to payroll.
Why do pharma companies need target and incentive software?
- Targets and incentives worked out in spreadsheets
- Reps only find out where they stand at month end
- Incentive disputes because nobody can see the calculation
- Complex schemes with slabs and caps are error-prone by hand
- Days lost every month reconciling sales and payouts
Key Features
Monthly targets
Set targets by person, product and area for each month.
Target vs achievement
See achievement as sales come in, for each rep, team and product.
Weekly entry, monthly closing
Enter sales during the month and close it once figures are final; managers can approve them.
Incentive schemes
Build schemes with achievement slabs, chosen products, extra steps above target and a cap.
Who's eligible
Choose which roles a scheme applies to and how often it pays out.
Adjustments
Managers adjust a person's incentive with a reason, kept on record.
Approve and close
Close an incentive period once it's approved, so the numbers stop changing.
Send to payroll
Approved incentives go to the payroll run.
How RxRep Helps
Without RxRep
- Targets emailed as a spreadsheet
- Achievement known only at month end
- Incentives calculated by hand
- Disputes over how a payout was reached
- HR re-enters incentives into payroll
With RxRep
- Targets visible to each rep in the app
- Achievement updated as sales are entered
- Incentives worked out from your scheme
- Every slab, adjustment and approval on record
- Approved incentives sent to payroll
Benefits
Frequently Asked Questions
Ready to put pharma sales target & incentive software to work?
From $7 per user per month. Start with a 7-day free trial, or let us show you around first.