Imagine a world where making adjustments to sales commissions is easy. If a sales rep forgets to update the CRM, and isn't paid out the right amount, no problem - it will be automatically adjusted on the next payment cycle. Comp plan administrators could breathe easier knowing that errors would be caught and corrected in an automated fashion, all with their final approvals.
We are one step closer to that world with the release of Palette's new statements experience, launched this week.
Customers have a view of all statements with real time updates on the number of pending approvals and approval conflicts. They can also mark commissions as paid, freezing the corresponding amount as sent to payroll, even if there are later changes to the data structure.
Areas where corrections are needed are highlighted. Palette will make intelligent recommendations on what commission adjustments are needed in the current statement to fix any past errors. Administrators can hit approve, or edit these amounts as they see necessary.
Get more details about the full release here, or watch our explainer video.