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Automating payments for the corporate sales force leads to a $10m windfall for Spiff

Utah based payments software for sales commissions raised $10m in Series A funding led by Norwest Venture Partners.

“Commissions are a major cause of anxiety for teams who don’t understand or trust their incentive plan and many waste hours every month correcting mistakes or arguing with finance, which hits bottom lines,” said Spiff chief executive, Jeron Paul. “Norwest’s investment will help us automate commission calculations so sales teams have one less thing to worry about in these challenging times.”

Tags

sales, utah, payments