Sales Management Tools: Understanding Clawbacks and Tracking-to-Cash for Effective Implementation
Sales management is a critical aspect of any business that aims to achieve success. It involves various processes, including tracking sales, managing sales teams, and monitoring sales performance. To achieve this, businesses need to use sales management tools that help them track sales and manage their sales teams effectively. Two essential sales management tools are clawbacks and tracking-to-cash.Clawbacks refer to the process of recovering commissions or bonuses paid to salespeople if the sale they made is later canceled or returned. This tool is essential because it ensures that salespeople are