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Optymyze vs. Xactly Commission Expense Accounting

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Optymyze

    Score7 out of 10
    N/AOptymyze SPM Cloud supports a wide range of incentive compensation and sales performance needs with a comprehensve suite of fully-integrated applications that feature a common, touch-oriented UI, utilize a single, configurable data repository, and enable non-technical users to implement and manage business processes without programming, scripting, or coding.N/A

    Xactly Commission Expense Accounting

    Score7.6 out of 10
    N/AXactly Commission Expense Accounting™ (CEA) delivers a commission expense management solution—with full capitalization and amortization capabilities—that lets companies monitor performance obligations and ensure compliance with ASC 606 and IFRS 15 standards. Their Intelligent Revenue Platform enables Xactly to align planning, performance, and prediction functions into one platform.N/A
    Pricing
    OptymyzeXactly Commission Expense Accounting
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    OptymyzeXactly Commission Expense Accounting
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details—Contact Xactly for a demo and pricing.
    More Pricing Information
    Features
    OptymyzeXactly Commission Expense Accounting
    Security
    Comparison of Security features of Optymyze and Xactly Commission Expense Accounting
    Feature
    Optymyze
    -
    Ratings
    Xactly Commission Expense Accounting
    7.3
    1 Ratings
    13% below category average
    Single sign-on capability00 Ratings7.31 Ratings
    Role-based user permissions00 Ratings7.31 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Optymyze and Xactly Commission Expense Accounting
    Feature
    Optymyze
    -
    Ratings
    Xactly Commission Expense Accounting
    6.4
    2 Ratings
    21% below category average
    Dashboards00 Ratings1.81 Ratings
    Standard reports00 Ratings8.72 Ratings
    Custom reports00 Ratings8.72 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Optymyze and Xactly Commission Expense Accounting
    Feature
    Optymyze
    -
    Ratings
    Xactly Commission Expense Accounting
    4.7
    2 Ratings
    49% below category average
    Multi-currency support00 Ratings6.41 Ratings
    Multi-division support00 Ratings6.41 Ratings
    Journals and Reconciliations00 Ratings9.82 Ratings
    Configurable Accounting00 Ratings1.81 Ratings
    Centralized Rules Framework00 Ratings1.81 Ratings
    Standardized Processes00 Ratings1.81 Ratings
    Best Alternatives
    OptymyzeXactly Commission Expense Accounting
    Small Businesses
    No answers on this topic
    Sage Accounting
    Score9.1 out of 10
    Medium-sized Companies
    Sales Performance Management solutions from SAP SuccessFactors
    Score9.1 out of 10
    MYOB
    Score7.7 out of 10
    Enterprises
    Sales Performance Management solutions from SAP SuccessFactors
    Score9.1 out of 10
    Microsoft Dynamics GP
    Score6.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    OptymyzeXactly Commission Expense Accounting
    Likelihood to Recommend
    9.0
    (1 ratings)
    8.0
    (3 ratings)
    Implementation Rating
    -
    (0 ratings)
    9.8
    (2 ratings)
    User Testimonials
    OptymyzeXactly Commission Expense Accounting
    Likelihood to Recommend
    Optymyze
    It depends on the complexity of your selling process, the sales crediting and the number of associates. Small or large organizations who have a simple selling to incentive process; sell something and get paid will find Optymyze to be too much for them. Organizations who have multiple selling organizations who overlay each other and have complex selling will see benefits from a platform such as Optymyze
    Incentivized
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    Xactly Corp
    CEA is well suited for small and rapidly growing companies where manually calculating commissions expense for ASC606 is not an option due to a lack of internal resources. CEA is less appropriate for larger companies that have the resources and likely a person, or people, who only focus on commissions.
    Incentivized
    Read full review
    Pros
    Optymyze
    • Incentive Compensation - It is able to calculate complex plans with complex sales crediting rules
    • Quota Setting / Management - It provides the ability to properly tie quotas to performance and provide the visibility at the lowest level all the way through to executive leadership.
    Incentivized
    Read full review
    Xactly Corp
    • Amortization waterfalls
    • Locked periods & PPA adjustments
    • Journal entries
    Incentivized
    Read full review
    Cons
    Optymyze
    • The front-end reporting functions were supported by a third-party platform at the time. It made it challenging to create reports on your own and relied on Optymyze to provide that type of work.
    • The ability to map territories with similar function to a ZS Associates Territory Designer. Allowing to lasso areas and create "what-ifs"
    Incentivized
    Read full review
    Xactly Corp
    • Dashboard is on a different page
    • Needing to rerun reports
    • Not being able to download reports and edit them
    Incentivized
    Read full review
    Implementation Rating
    Optymyze
    No answers on this topic
    Xactly Corp
    Go into implementation knowing how you will handle churn, if there are claw backs, treatment for every type of commission payment (i.e. new business, renewals, etc.) and know your average customer life. You'll also want details by customer for as far back as you can go (within reason).
    Incentivized
    Read full review
    Alternatives Considered
    Optymyze
    Optymyze is not the cheapest nor most expensive product out there. What I found with the firm was the ability to deliver on its promises and be able to adapt to the business without getting outside of their comfort zone. Other products have a box that is too rigid while others are so complex, and so open, you might as well develop a home grown system
    Incentivized
    Read full review
    Xactly Corp
    We selected Xactly CEA for ASC 606.
    Incentivized
    Read full review
    Return on Investment
    Optymyze
    • Reduced the number of resources supporting the sales compensation, territory and quota setting processes.
    • Reduced the time spent to finalize incentive payouts to associates at the close of each quarter by 25%.
    • Reduced overall expense related to the sales operations function,
    Incentivized
    Read full review
    Xactly Corp
    • Efficiency
    • Centralized
    • Accurate
    Incentivized
    Read full review
    ScreenShots

    Optymyze Screenshots

    Product screenshotProduct screenshot

    Xactly Commission Expense Accounting Screenshots

    Screenshot of Commission Expense Accounting Reports HomeScreenshot of Commission Expense Accounting Portfolio SummaryScreenshot of Commission Expense Accounting Journal EntriesScreenshot of Commission Expense Accounting Amortization Schedule