Sales Incentivesby Cybrosys Techno Solutions https://cybrosys.com
|Odoo Apps Dependencies||
• Invoicing (account)
• Calendar (calendar)
• Contacts (contacts)
• Discuss (mail)
|Lines of code||471|
|Versions||12.0 13.0 16.0 11.0 15.0|
Are you missing the incentive calculation for your sales team in Odoo? We Cybrosys technologies bring forth a solution for it. The app enables the company to efficiently calculate the sales person's incentive based on his achieved target. The user can set the incentive calculation based on the invoiced amount/received amount. In addition, the module also provisions the user to track the status of the incentive payment and thereby aid account team to update the status of both paid and unpaid, and thereby enter the same in accounts.
Now seamlessly design, track and pay the sales incentives of your employee. To know more about the Sales Incentive app built in Odoo V12, refer our blog Sales Incentives: An Odoo V12 App
Generates incentive for sale target given in gamification based on:-Linear Method
Generates incentive for sale target given in gamification based on:-Tiered Commission Plan
Calculates incentive based on:-Percentage
Calculates incentive based on:-Fixed amount
Sales manager can set challenge for salesperson. Go to CRM --> Challenges --> Challenges and select sales challenge to be used for incentive calculation. Select 'Use in incentive calculation' to use this challenge in incentive calculation. You can set periodicity as 'Monthly', 'weekly', 'yearly' and the incentive will be calculated based on these dates. You can set the target value to reach. The incentive calculation will be based on this target.
Challenge and Achievement
Go to CRM --> Challenges --> Goals and you can see the target set for the challenge and achievement made by each salesperson. Based on this target and achievement, incentive can be calculated for each salesperson.
You can create the method of incentive calculation in CRM --> Challenges --> Incentive Scheme. Select 'linear or Tiered Commission Plan' as the method for calculation. In the 'achievement%' column, you can give the minimum achievement percentage to be reached for getting incentive. In the 'reward' column, specify the reward when this achievement% is reached. If the 'Type' column is selected as 'percentage', then reward column will be considered as percentage of amount to be given for this achievement. If 'Type' is 'amount', then reward will be the amount specified in the reward column. Click on 'compute incentive' button to calculate incentive based on the given settings.
If the selected method is 'linear', then 'compute incentive' will calculate incentive based on linear method. For example, if the target is 10,00,000 and the achievement is 6,90,000, that is 69%, incentive for this will be calculated in the 50% slab. So, Incentive for upto 50% achievement is 2%, so incentive will be 2% of achievement(690,000). i,e.13800. If type is given as amount, then that amount will be given as incentive. In 70% slab, incentive is given as amount 10,000. So, for 89% achievement, incentive will be 10,000 as given in the slab settings. The lowest achievement% given in slab settings will be considered as minimum achievement percentage. You can set the amount to be given for each achievement in the settings.
Tiered Commission Plan Method
If the selected method is 'Tiered Commission Plan', then 'compute incentive' will calculate incentive based on incremental basis. For example, Consider target is 10,00,000 and achievement is 6,90,000. The reward for 50% in slab is 2% and reward for 70% in slab is 10,000. Target is 10,00,000 so, we take 50% of target ,that is 5,00,000 and give 2% reward for 5,00,000. that is 10,000. Remaining 19% will be given reward of next achievement% specified in the slab settings. Considering 70% as next achievement specified in slab settings and reward for 70% is 10,000 and type is amount. So incentive for the remaining achievement of 19% will be 10,000. Total incentive becomes 20,000. If type selected is percentage, then incentive will be reward for remaining percentage.
You can submit the incentives for approval when the end date is reached. If incentive is calculated on monthly basis, then it can be submitted for approval at the end of the month. Refresh the challenge to get the next month calculations and to submit previous month incentives for approval. To refresh challenge, go to CRM --> Challenges --> Challenges and select the challenge used in incentive calculation, click on 'refresh challenge' button. Now when you compute the incentive again, you can submit the previous month incentives by clicking on 'Submit for approval'.
Submitted to Accountant
Then status will become 'submitted to accountant' and the submitted incentives will be send for approval.
Accountant can see the submitted incentives in Invoicing --> Incentive --> Incentives to Approve
Approve or Reject
Accountant can approve or reject the submitted incentives.
After Approval or Rejection
If approved, then state changes to paid and journal entry will be created for this incentive in draft state. If rejected, then status changes to rejected
Approved Entry in the Journal
Approved incentives will have an entry in the journal as draft.
Hire Odoo Developer
Odoo Licensing Consultancy
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
Please log in to comment on this module
- The author can leave a single reply to each comment.
- This section is meant to ask simple questions or leave a rating. Every report of a problem experienced while using the module should be addressed to the author directly (refer to the following point).
- If you want to start a discussion with the author or have a question related to your purchase, please use the support page.