Trax is ranked in the top 25 by Deloitte, on the list of the top 500 fastest growing global companies.
The Israeli company Incentives Solutions announced today that a contract was signed for the implementation of a commission and incentives calculations system for Trax, the Israeli-Singaporean company in the field of image recognition and shelf/inventory management within global retail chains. The project took off in the recent days, and will include the entire company’s sales and sales operation divisions, which works with different markets, globally. The project is expected to be completed within a few weeks. The financial scope of the deal was not made available.
As part of the agreement, Incentives Solutions will provide Trax with JOOPY, their cloud based solution which calculates commission for the entire sales organization located in different parts of the globe. The aim of the solution is to bring upon sales growth and contribute to the organization’s performance efficacy.
As part of the project, Incentives Solutions will implement Trax’s commission models.
Yoav Doron, Finance Manager, TRAX Israel, states: “Until today, we have invested a significant amount of time in manual calculations. We searched for a solution which would automate the commission payment process, and allow the company to have complete transparency and monitoring of this process, as well as contribute to the company’s goal attainments.”
Amir Fishslevich, CEO, Incentives Solutions, states: “The demand for our solution is increasing among enterprises in different territories, in addition to EMEA. In these times, whereby technology is making such advances, it is impossible to remain behind, and any company that wants to leverage its sales performance and achievements, must have a state-of-the-art SPM (sales performance management) system such as ours. Our solution was developed after years of gained experience and understanding of the sales world, and today it serves as an essential tool which is proven to improve performance more than ever. Both the organization, as well as its employees benefit from this solution.”
About Incentives Solutions: Incentives Solutions is a market leader technology company in the field of sales performance, commission and bonus calculations, and incentives. The company developed a solution which allows for a deep analysis of sales data, as well as analyzing the performance of the employees, from the salesperson to the manager. This analysis allows companies to get effective monitoring on their employees’ sales goal attainment and performance, and significantly increase their overall business results.
The solution is available to customers, both in the cloud as well as on-premise installation. The mobile application provides employees and managers with transparency and advanced monitoring capabilities. The company has a large customer base, with customers such as: Amdocs, Coca Cola, Strauss, AIG, Entel, Cellcom, and many more.
About Trax: Trax is an Israeli-Singaporean company which offers a unique solution for the retail industry which increases sales through product organization on store shelves. Trax is the world leader in computer vision solutions for retail. The company enables tighter execution controls in-store and the ability to leverage competitive insights through their in-store execution tools, market measurement services and data science to unlock revenue opportunities at all points of sale. Trax does this using smartphones and tablets to gain actionable shelf analytics in real-time. The technology they developed allows their customers to obtain images of their store shelves, and receive data and analytics of their shelf organization, as well as its influence on the expected sales. Based on these understandings, it is possible to take the necessary actions promptly, in real time. Today, Trax employs 220 employees globally, with 130 of them in the R & D center located in Tel Aviv. Trax has global customers in 45 different countries.