beqom, a cloud-based Sales Performance Management (SPM) and compensation software provider, today announced that it has been named a Sample Vendor the Gartner Hype Cycle for CRM Sales Technology, 2019 in the Sales Performance Management category¹. For each sales technology category, Gartner provides a brief reference list of “sample vendors” in the space.
According to the Gartner report, companies deploy an SPM solution primarily to manage incentive compensation, with the goals of “gaining new operational efficiencies; improving incentive compensation management and territory and quota management; and gaining better visibility into compensation plans.” Gartner identifies the top three SPM benefits as “operational efficiency, optimization of SPM processes and plans, and cost reduction.”
“Gartner’s Hype Cycle report aligns with what we see in the SPM market,” says Mike DeLeonardis, President of beqom North America, “which is that sales organizations are deploying beqom primarily to manage sophisticated sales incentive compensation but are also interested in our advanced analytics, territory and quota optimization, and total rewards capabilities.”
beqom provides a flexible, scalable platform for sales compensation that adapts to the needs of the company and its markets so that sophisticated sales strategies can be implemented without compromise and easily modified as conditions change, allowing for maximum competitive advantage. The beqom solution is unique in its level of adaptability and in its capabilities as a total compensation platform, allowing all forms of compensation to be managed on one unified system and giving sales management and HR a holistic view of the total rewards for sales and other employees.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1 Gartner Hype Cycle for CRM Sales Technology, 2019 by Adnan Zijadic, Theodore Travis, and Melissa Hilbert, July 10, 2019