#commission software for salesforce

[beardedmrbean]

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed three bills Tuesday to crack down on the use of artificial intelligence to create false images or videos in political ads ahead of the 2024 election.

A new law, set to take effect immediately, makes it illegal to create and publish deepfakes related to elections 120 days before Election Day and 60 days thereafter. It also allows courts to stop distribution of the materials and impose civil penalties.

“Safeguarding the integrity of elections is essential to democracy, and it’s critical that we ensure AI is not deployed to undermine the public’s trust through disinformation -– especially in today’s fraught political climate,” Newsom said in a statement. “These measures will help to combat the harmful use of deepfakes in political ads and other content, one of several areas in which the state is being proactive to foster transparent and trustworthy AI.”

Large social media platforms are also required to remove the deceptive material under a first-in-the-nation law set to be enacted next year. Newsom also signed a bill requiring political campaigns to publicly disclose if they are running ads with materials altered by AI.

The governor signed the bills to loud applause during a conversation with Salesforce CEO Marc Benioff at an event hosted the major software company during its annual conference in San Francisco.

The new laws reaffirm California’s position as a leader in regulating AI in the U.S., especially in combating election deepfakes. The state was the first in the U.S. to ban manipulated videos and pictures related to elections in 2019. Measures in technology and AI proposed by California lawmakers have been used as blueprints for legislators across the country, industry experts said.

With AI supercharging the threat of election disinformation worldwide, lawmakers across the country have raced to address the issue over concerns the manipulated materials could erode the public’s trust in what they see and hear.

“With fewer than 50 days until the general election, there is an urgent need to protect against misleading, digitally-altered content that can interfere with the election,” Assemblymember Gail Pellerin, author of the law banning election deepfakes, said in a statement. “California is taking a stand against the manipulative use of deepfake technology to deceive voters.”

Newsom’s decision followed his vow in July to crack down on election deepfakes in response to a video posted by X-owner Elon Musk featuring altered images of Vice President and Democratic presidential nominee Kamala Harris.

The new California laws come the same day as members of Congress unveiled federal legislation aiming to stop election deepfakes. The bill would give the Federal Election Commission the power to regulate the use of AI in elections in the same way it has regulated other political misrepresentation for decades. The FEC has started to consider such regulations after outlawing AI-generated robocalls aimed to discourage voters in February.

Newsom has touted California as an early adopter as well as regulator of AI, saying the state could soon deploy generative AI tools to address highway congestion and provide tax guidance, even as his administration considers new rules against AI discrimination in hiring practices.

He also signed two other bills Tuesday to protect Hollywood performers from unauthorized AI use without their consent.

[mcalign]

Track and structure sales commissions effectively: Boosting performance and motivation

For businesses, tracking sales commissions effectively is crucial to motivating sales teams, driving performance, and making sure commissions are paid on time. Here are some tips to streamline the process:

1. Implement a Robust Commission Management System: Invest in a reliable commission management software or system that automates the commission tracking process. Based on predefined rates, sales data, and individual performance metrics, these tools can calculate commissions accurately. Additionally, they keep a transparent record of transactions, making it easier to resolve disputes.

2. Define Clear and Transparent Commission Structures: Establish transparent commission structures that sales representatives can understand. Clearly explain how commissions are calculated, the applicable rates, and any thresholds or bonus structures. Clarity helps salespeople track their progress and motivates them to succeed.

3. Communicate sales performance regularly: Keep the sales team informed about their performance regularly. Get real-time updates on commission earnings, sales targets, and goals. A sense of competition and urgency is fostered by this open communication.

4. Set Realistic and Attainable Targets: Ensure that commission eligibility sales targets are realistic and achievable. Having unrealistic goals can demotivate the team. Setting attainable goals keeps your sales environment positive and encourages steady progress.

5. Monitor and Analyze Sales Data: Analyze sales data and commission reports to identify trends, opportunities, and potential issues. Analyzing this data regularly helps optimize commission structures, adjust to changing market conditions, and identify areas where training or support is needed.

6. Include Clawback Provisions: Implement clawback provisions in your commission policy to safeguard against potential fraud or sales cancellations. This allows the company to reclaim commissions paid for fraudulent or reversed transactions.

7. Provide Timely and Accurate Commission Payouts: Ensure commission payouts are processed promptly and accurately. Delayed or incorrect payments can lead to dissatisfaction and reduced motivation among the sales team. A reliable commission management system avoids such issues.

8. Offer Performance-Based Incentives: Consider introducing performance-based incentives alongside regular commissions. These can include bonuses, rewards, or recognition for exceptional achievements, motivating top performers.

9. Seek Feedback from the Sales Team: Regularly seek feedback from the sales team regarding the commission structure and process. Understanding their perspectives can help you refine the system and address any concerns, leading to improved satisfaction and performance.

10. Stay Compliant with Legal Regulations: Ensure that your commission structure complies with all relevant legal regulations and employment laws. Failure to do so can lead to legal issues and damage to the company's reputation.

References:

Zoho Sales Commission tracking

McAlign: Increase sales with a commission plan that works for your business

Salesforce Sales Incentive

HubSpot on Sales Commission

Using these strategies and commission tracking tools, businesses can optimize their sales commissions, boost team performance, and foster a competitive and motivated sales culture. A well-designed commission structure aligns incentives with company goals, helping you hit short- and long-term sales goals.

[thinkcapadvisors]

Top 5 Reasons a Fractional CMO is Key to Successful CRM Implementation

CRM (Customer Relationship Management) is not just a software tool—it is the digital backbone of any organisation's customer-facing functions. Whether it’s tracking leads, managing customer support tickets, or running targeted marketing campaigns, CRM plays a central role in business growth. But even the best CRM platform will fail if the underlying processes it’s meant to support are not strong or clearly defined.

This is where a Fractional CMO (fCMO) adds immense value. A fCMO isn’t just a marketing strategist on a part-time retainer—they are a business leader who can align marketing, sales, and customer support functions around a common objective: revenue growth and customer satisfaction.  A core part of this alignment today comes from driving successful CRM implementation and adoption.

Let’s understand how a fCMO can lead a CRM initiative from a business standpoint and not just a technology perspective.

Process Before Platform: Strengthening the Foundation

A Fractional CMO’s key performance indicator (KPI) is clear: improve marketing and sales outcomes to maximise business ROI. To do this, they start by evaluating and optimising the actual customer-facing processes. CRM software simply mirrors and automates these processes.

No matter how fancy or feature-rich a CRM platform is, if the internal processes are disjointed or undefined, CRM will only amplify that confusion. Think of it like building a luxury home on a shaky foundation—it will collapse sooner or later. An experienced Fcmo as part of his fractional CMO services helps define:

Lead qualification criteria

Sales stages and handovers

Customer journey workflows

Feedback and support loops

Only once these are structured does the fCMO move towards CRM selection & configuration, ensuring that the software is not just a database but a business enabler.

CRM Selection: One Size Doesn’t Fit All The CRM marketplace is crowded—Salesforce, Zoho, HubSpot, Microsoft Dynamics, Freshsales, and more. Each have their own strengths. A fCMO, brings clarity to this chaos.They assess:

Industry-specific needs (e.g., B2B SaaS vs. manufacturing vs. professional services)

Existing pain points in lead management, sales tracking, or customer service

Team size and Tech maturity

Budget considerations

Integration needs (with ERP, marketing automation, WhatsApp, etc.)

Most importantly, since a fCMO has no vested interest in pushing one software over another (unlike software vendors), the recommendation is always based on fitment, not commissions.

Guiding Implementation and Adoption

A successful CRM implementation is not about switching on all modules in one go. In fact, that is often a recipe for failure. A fCMO drives CRM implementation by:

Phasing it smartly: Focus first on the modules that solve the most pressing business challenges. For instance, if lead leakage is the issue, start with lead capture and distribution, not dashboards or reports.

Mapping features to business goals: Whether it's automating drip campaigns, setting sales targets, or tracking support SLAs, every feature implemented must tie back to a specific challenge or goal.

Ensuring early usage: It is critical for the CRM to start showing value from Day One, even if in a limited scope. This boosts confidence and increases adoption across teams.

As part of CRM consulting, a fCMO also plays a critical role in:

Training sales and marketing teams in a business-first language (not technical jargon)

Creating feedback loops to fine-tune the system over the first few months

Aligning KPIs like deal closure time, campaign ROI, and support TATs to CRM data

Bringing the Right CRM Partner to the Table Having been part of multiple CRM implementations, a fCMO typically has a well-established network of reliable implementation partners across various platforms. These partners are vetted not just on technical ability but on their understanding of business goals. The fCMO ensures:

The right CRM partner is brought in

The scope of work is clearly defined

Expectations are aligned on timelines, data migration, training, and support

The partner is held accountable for deliverables This de-risks the implementation considerably, especially for SMEs and mid-sized businesses where CRM failure can cost significant time and money.

Driving Continuous Improvement Through CRM Unlike IT projects that ‘go live and forget’, CRM implementation is a journey. A fCMO doesn’t treat it as a one-time activity. As part of the larger CRM consulting services activity, they stay invested in:

Continuously improving workflows as the business evolves

Adding new modules (e.g., WhatsApp automation, chatbot integrations) as the team becomes more mature

Monitoring CRM-generated reports and suggesting process changes based on actual data They also lead quarterly reviews of CRM metrics, working with founders or CXOs to align business goals with CRM-driven insights. Conclusion: CRM Success Needs Business Ownership, Not Just IT Support

Tag = CRM Advisory Services, CRM Consulting Firm, CRM Consulting Services, Fractional CMO Services, Fractional Chief Marketing Officer, CSR Advisory Consultant

[thedigitalanalyst]

Microsoft Offers to Unbundle Teams from Office to Address EU Antitrust Concerns

In a significant move to address growing regulatory pressure from European authorities, Microsoft has proposed to sell its Office 365 and Microsoft 365 productivity suites without bundling its popular Teams communication app. This proposal comes in response to mounting concerns over anticompetitive practices and follows a formal complaint lodged by rival Slack in 2020.

Responding to EU Scrutiny

The European Commission, the executive arm of the European Union, has been investigating Microsoft’s practice of tying Teams with Office, a strategy critics argue unfairly limits competition in the workplace communications market. Teams—integrated with Microsoft staples like Word, Excel, and Outlook—has seen a sharp rise in usage, especially during and after the pandemic, putting it in direct competition with apps like Slack and Zoom.

Under the proposed commitments, Microsoft will offer Office 365 and Microsoft 365 without Teams at a reduced price for customers in the European Economic Area (EEA) and Switzerland. Importantly, existing customers will be able to switch to versions without Teams, even in the middle of current contracts.

In addition to unbundling, Microsoft is also pledging to improve interoperability for Teams’ competitors. This includes offering better integration with Microsoft products and simplifying the process for customers to transfer their Teams data to alternative platforms.

Microsoft’s Statement

Nanna-Louise Linde, Vice President of European Government Affairs at Microsoft, emphasized the company’s collaborative approach with regulators:

“The proposed commitments are the result of constructive, good-faith discussions with the European Commission over several months. We believe that they represent a clear and complete resolution to the concerns raised by our competitors and will provide European customers with more choices.”

Reactions from Competitors

Slack, the workplace messaging app at the heart of the original complaint—and now part of Salesforce following its $27.7 billion acquisition in 2021—welcomed the move but remained cautious.

Sabastian Niles, President and Chief Legal Officer at Salesforce, responded:

“The European Commission’s announcement further affirms that Microsoft’s anticompetitive practices with Teams have harmed competition and require a binding, enforceable, and effective remedy. We will carefully scrutinize Microsoft’s proposed commitments.”

What’s Next?

The European Commission will now consult with third parties and evaluate Microsoft’s proposed remedies before making a final decision. Should the proposals be accepted, it could set a precedent for how big tech companies bundle and offer software products in the European market.

This move by Microsoft signals a broader shift in how tech giants approach compliance in global markets, especially as scrutiny around digital monopolies continues to intensify.

[saasmarketplaceplatform]

Best SaaS Marketplace Platform for 2025

In today’s digital landscape, Software-as-a-Service (SaaS) solutions are gaining more traction. 

Businesses are increasingly opting for these cloud-based services, which offer flexibility, cost-efficiency, and scalability. 

But, for SaaS businesses looking to grow and reach a broader audience, a robust SaaS marketplace platform becomes a game-changer. 

In this blog, we will dive into what a SaaS platform is, what a SaaS marketplace entails, and the factors to consider before launching your own SaaS marketplace. We’ll also explore how QoreUps can help you build the best SaaS marketplace platform for 2025.

What is a SaaS Platform?

Before we dive into the world of SaaS marketplaces, it's essential to first understand what a SaaS platform is. 

SaaS stands for "Software as a Service." 

It is a cloud-based delivery model where users can access software applications over the internet without needing to install or maintain them on their local devices. 

SaaS platforms typically operate on a subscription model, allowing users to pay on a monthly or annual basis for access to the software.

Popular examples of SaaS platforms include Google Workspace, Salesforce, and Dropbox. 

What is a SaaS Marketplace and SaaS Marketplace Platform?

A SaaS marketplace is an online platform that operates on the SaaS (Software-as-a-Service) model, designed to host, manage, and deliver software applications to users over the internet. 

Unlike traditional software distribution methods that require installation on local devices, a SaaS marketplace is simply accessible through a web interface. 

This model allows business to launch their marketplace, from anywhere, without worrying about maintenance, updates, or infrastructure.

A SaaS marketplace platform acts as the foundation for these marketplaces. It’s the digital environment where products/services are listed, managed, and accessed/purchased by users. 

What Are the Key Factors to Consider Before Starting a SaaS Marketplace Platform?

Building a SaaS marketplace platform requires careful planning and consideration. If you’re thinking about creating one in 2025, here are some essential factors to keep in mind:

1. Target Audience

Before anything else, you must define your target audience. 

Who are you building this marketplace for? 

Are you targeting enterprises, small businesses, or niche industries? 

Understanding your audience will help you tailor the platform’s features, user interface, and product selection to meet their needs.

2. Platform Design and User Experience 

The design of your SaaS marketplace platform is crucial to its success. 

An instinctive interface will make it easier for customers to navigate, discover products, and make purchases. 

Pay attention to the user experience (UX) and ensure the platform is both visually appealing and easy to use.

3. Integration Capabilities 

SaaS marketplaces must support seamless integrations with other tools and platforms. 

This could include payment processors, marketing tools, CRM systems, or even third-party software. 

A marketplace that doesn’t integrate well with the tools businesses already use could face significant adoption barriers.

4. Security 

Security is non-negotiable when dealing with cloud-based software and sensitive customer data. 

Ensure that your platform is equipped with robust security features such as data encryption, secure payment processing, and compliance with industry standards (such as GDPR or SOC 2).

5. Scalability 

Your SaaS marketplace platform should be built to scale. 

As your marketplace grows and more listings are added, the platform should be able to handle the increased traffic and transaction volume without issues.

6. Revenue Model 

Decide how your marketplace will generate revenue. 

Will you charge a subscription fee for users to access the platform? 

Will you take a commission on each sale made? 

Or will you offer freemium services and monetize through premium features? 

Establishing a suitable revenue model is key to the long-term success of your SaaS marketplace.

Build the Best SaaS Marketplace Platform for 2025 with QoreUps

If you're looking to create a next-generation SaaS marketplace platform, QoreUps is an excellent solution. As a comprehensive SaaS marketplace platform, QoreUps provides the tools and features necessary to build, launch, and scale your own marketplace with ease.

With QoreUps, you get:

Advanced Security Features

User-Friendly Dashboard

Customizable Templates

Seamless Integrations

Scalable Architecture

In 2025, creating a successful SaaS marketplace requires not only the right technology but also an understanding of your users’ needs. 

QoreUps provides a user-centric platform. 

Whether you’re a startup or an established business, QoreUps offers everything you need to build a thriving SaaS marketplace that delivers value to both buyers and sellers.

Conclusion

Building a SaaS marketplace platform for 2025 is an exciting endeavor, and with the right planning and tools, it can be a highly profitable venture. 

Understanding the fundamentals of SaaS platforms, the marketplace model, and what makes a successful platform is key to long-term success. 

By leveraging a powerful solution like QoreUps, you can ensure your SaaS marketplace is ready to meet the demands of the future. 

Start building today and position your marketplace for success in the competitive SaaS space.

[nocknocknock]

Microsoft Proposes Pricing Changes for Office and Teams to Avoid EU Antitrust Penalty

U.S. tech giant Microsoft (NASDAQ: MSFT) has decided to adjust the pricing structure for its Office software and the chat and video conferencing app, Teams. This move aims to avert potential antitrust fines from the European Commission.

This decision comes five years after Slack, a company owned by Salesforce (NYSE: CRM), filed a complaint with the European Commission, accusing Microsoft of anti-competitive practices by bundling Teams with Office. In 2023, the German competitor alfaview lodged a similar complaint:

In 2018, Slack expressed concerns to the European Commission, criticizing Microsoft’s integration of Teams with Office as anti-competitive.

 In 2023, alfaview followed with a similar complaint, alleging that Microsoft’s practices were infringing on competitive rights and opportunities.

Separation of Office and Teams Products

In response to the accusations and intending to avoid EU penalties, Microsoft has decided to alter its software pricing structure.

Office without Teams: Starting in 2023, Microsoft began offering Office without Teams integration for 2 euros less than the version with the video conferencing app.

Teams Sold Separately: The Teams app is now sold separately for 5 euros per month.

Market Impact and Competition

By offering separate pricing for Office and Teams, Microsoft is seeking to foster a more transparent and competitive environment in the market for chat and video conferencing software. This move could lead to several outcomes:

Enhanced Competitiveness. Increasing the cost of Office with Teams could benefit competitors like Slack and alfaview, allowing them to price their products more competitively.

User Distribution. The higher price for Office with Teams might encourage some users to switch to alternative solutions, leading to a more diversified market.

Microsoft’s adjustment of pricing policy for Office and Teams illustrates the company’s response to antitrust complaints and its commitment to maintaining healthy competition in the market. This strategic move may help create more favorable conditions for all players in the chat and video conferencing software space.

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[otiskeene]

Top 5 Referral Marketing Software Of 2024

So why are we breaking the rules by talking about this 1999 movie? Well, we wanted to grab your attention!

It’s a gripping film, no doubt—but don’t blame us if you can’t stop talking about it! (Remember, the first rule still applies!)

We don’t earn any commissions for this recommendation, but we do hope we got your attention, just like Referral Marketing Software does for businesses!

This software helps companies incentivize their existing customers to refer their products to others. So, let’s take a closer look at the top 5 Referral Marketing Software platforms of 2024.

Tyler Durden, the leader of Fight Club, wasn’t too happy about people breaking his rules, but it did help him build an army for his plans (no spoilers!).

In the business world, things are different—companies want people talking about their products!

While traditional advertising still works, people trust recommendations from friends more. That’s why businesses turn to Referral Marketing Software, which incentivizes customers to refer products in exchange for rewards like discounts or gift cards. These platforms help businesses plan, automate, and manage their referral programs from start to finish.

Now, let’s dive into the top five Referral Marketing Software platforms for 2024.

Top 5 Referral Marketing Software of 2024

Referral Marketing Software enables businesses to offer rewards to current customers when they refer new ones. This type of marketing often generates higher-quality leads as it relies on trusted recommendations. Here’s a look at five top platforms for 2024.

Tool 1: Referral Factory

Based in Amsterdam and founded in 2019, Referral Factory has made a name for itself in the referral marketing world. G2 recognized it as a “High Performer” for small businesses in 2023.

The platform offers fully customizable referral programs and integrates with tools like HubSpot and Salesforce. It comes with features such as fraud alerts, unique coupon creation, and pop-up widgets. Plus, with over 100 pre-built templates, you can quickly set up your referral program.

Tool 2: ReferralCandy

Launched in 2009 and operated from Singapore, ReferralCandy has over 30,000 eCommerce clients, including brands like Colgate and Steve Madden.

New to our list, ReferralCandy specializes in eCommerce referrals, with customizable campaigns and automated processes. It integrates with Shopify, BigCommerce, and MailChimp, and includes fraud detection and performance-based pricing.

Tool 3: Birdeye

Palo Alto-based Birdeye serves over 100,000 businesses and earned the “Best Estimated ROI” badge from G2 in 2024.

The platform offers automated referral campaigns with real-time reporting and AI capabilities for personalization. Birdeye supports multiple communication channels, from SMS to social media, providing a comprehensive referral experience.

Tool 4: Friendbuy

Founded in 2010, Friendbuy is based in Los Angeles and serves major brands like Walmart and Disney.

Friendbuy offers automated rewards, fraud prevention, and real-time analytics. It also supports A/B testing and allows customers to make referrals via email, SMS, and social media.

Tool 5: Influitive

Toronto-based Influitive is known for its customer advocacy and referral programs, earning consistent praise from clients like Cisco and Adobe.

Influitive uses deep data insights and segmentation to create personalized referral experiences. It also offers solutions for customer loyalty, advocacy, and community management.

Conclusion

Referral Marketing Software helps businesses incentivize their customers to refer new clients, using rewards like discounts or gift cards. The platforms on our list offer a range of features to manage referral programs effectively from end to end.

Choose the platform that best suits your business needs and watch your customer base grow!

[best-online-selling-marketplace]

The Most Lucrative Affiliate Programs for 2024

As affiliate marketing continues to evolve, 2024 has unveiled an array of top paying affiliate programs that offer incredible earning potential. For those looking to dive into affiliate marketing or enhance their existing strategies, understanding which programs are the most lucrative is crucial. This guide highlights some of the top-paying affiliate programs of the year, providing valuable insights on how to maximize earnings and succeed in this competitive field.

Tech Giants and SaaS Programs

Tech companies and Software as a Service (SaaS) providers are leading the pack in affiliate earnings. Programs from companies like Microsoft Azure, HubSpot, and Salesforce offer impressive commission rates and recurring revenue opportunities. These programs are ideal for affiliates who can effectively target tech-savvy audiences or businesses in need of sophisticated software solutions. With high ticket prices and strong customer retention rates, these affiliates often enjoy substantial payouts.

Financial Services and Investment Platforms

Financial services remain one of the most profitable sectors for affiliate marketers. Programs from top investment platforms like Coinbase, eToro, and Robinhood are known for their high commissions and performance-based incentives. Affiliates in this niche benefit from the growing interest in personal finance and cryptocurrency, making it a potentially lucrative area for those with a financial or investment-focused audience.

Health and Wellness Products

The health and wellness industry continues to boom, offering various high-paying affiliate programs. Brands such as BioTrust, Organifi, and Athletic Greens provide competitive commissions on premium health products. Affiliates who focus on fitness, nutrition, and holistic health can capitalize on the increasing consumer interest in maintaining a healthy lifestyle. With recurring subscription models and high customer lifetime value, these programs present an excellent opportunity for consistent earnings.

Luxury Goods and High-End Fashion

Luxury goods and high-end fashion affiliate programs offer substantial commissions due to the high price points of the products. Programs from brands like Gucci, Rolex, and Louis Vuitton provide affiliates with lucrative opportunities to earn from each sale. The key to success in this niche is targeting affluent audiences and leveraging visually appealing content to drive conversions.

Online Courses and Educational Resources

As the demand for online education continues to grow, affiliate programs for online courses and educational resources are becoming increasingly profitable. Programs from platforms like Udemy, Coursera, and MasterClass offer affiliates generous commissions for driving enrollments. This niche is particularly beneficial for affiliates who can create content around professional development, personal growth, or niche skill-building.

Tips for Success

To maximize your earnings with these top-paying affiliate programs, consider the following strategies:

Choose the Right Niche: Select programs that align with your audience’s interests and needs. Leverage Content Marketing: Create high-quality content that showcases the value of the products or services you’re promoting. Optimize for Conversions: Use effective call-to-actions, track performance metrics, and continuously optimize your strategies. By focusing on these lucrative affiliate programs and employing these strategies, you can enhance your earning potential and make the most of your affiliate marketing efforts in 2024.

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[thedatagroupnewsservice]

ICYMI: Everstage’s Listing on Salesforce AppExchange Makes it the First Completely Configurable Commission Software http://dlvr.it/TB36wf

[mariacallous]

Brussels has accused Microsoft of illegally abusing its dominance in the business-software market at the expense of smaller rivals, following a complaint at the height of the pandemic by US competitor Slack.

The European Commission said on Tuesday it found that Microsoft was restricting competition by selling its video-conferencing software Teams together in bundles with the company’s other popular office tools such as Office 365 and Microsoft 365 since at least 2019.

“We are concerned that Microsoft may be giving its own communication product Teams an undue advantage over competitors, by tying it to its popular productivity suites for businesses,” the EU’s competition chief Margrethe Vestager said in a statement. “If confirmed, Microsoft’s conduct would be illegal under our competition rules.” The charges announced on Tuesday are only a “preliminary view,” meaning the commission has sent a “statement of objections” to Microsoft and the company has 10 weeks once it receives all the details to respond.

The Microsoft charges arrive in the same week as the European Commission also charged Apple with breaking the European Union’s new digital markets act for failing to let app developers communicate freely with their users. Over the past decade, the EU has become the de facto Big Tech regulator, forcing US giants to alter the way they operate and issuing fines of billions of dollars.

In an attempt to placate Brussels, Microsoft started excluding Teams from some Office bundles in July of last year. However, the commission said today that those changes were insufficient and expressed concern about how easy it was to use rival conferencing software in tandem with Microsoft’s other tools, a practice known as interoperability.

“Having unbundled Teams and taken initial interoperability steps, we appreciate the additional clarity provided today,” said Brad Smith, vice chair and president of Microsoft, in a statement shared with WIRED. The company plans to work to find solutions to address the commission‘s remaining concerns, he added.

If Microsoft and the EU cannot reach an agreement, the commission has the power to levy fines of up to 10 percent of the company’s annual worldwide turnover and can impose remedies on the company.

The commission opened its investigation into Microsoft Teams following a complaint by Slack in July 2020, when there was fierce competition for the remote workers who relied on office software due to pandemic lockdowns. “This is much bigger than Slack versus Microsoft,” Jonathan Prince, then vice president of communications and policy at Slack, said at the time. “This a proxy for two very different philosophies for the future of digital ecosystems, gateways versus gatekeepers.”

On Tuesday, Sabastian Niles, president and chief legal officer of Slack’s parent company Salesforce, described the European Commission’s position as “a win for customer choice and an affirmation that Microsoft’s practices with Teams have harmed competition.”

German video conferencing company Alfaview, which filed a complaint to the commission following Slack, also welcomed the decision. The measures Microsoft has taken so far to unbundle Teams have been ineffective, Niko Fostiropoulos, CEO and founder of Alfaview, said in a statement. “Microsoft offers existing enterprise customers who opt out of Teams in the overall package only a minimal discount of €2 ($2.10),” he said. “This does not provide sufficient incentives to switch to another video conferencing service.”

[mlmsoftwarecompanyn2n]

MLM SOFTWARE COMPANY

Staying ahead of the competition in the ever-changing network marketing landscape requires the use of innovative technologies and methods. MLM Software Company enterprises are becoming increasingly reliant on modern technology to streamline operations, boost efficiency, and drive growth. MLM software businesses are at the vanguard of this technology transformation, helping to reshape the sector.

Unleashing the Power of MLM Software

1. Automation for Efficiency:

MLM software Developers companies provide robust automation solutions that empower businesses to streamline their operations. From managing downlines and tracking sales to processing commissions and payouts, automation minimizes manual efforts, reduces errors, and ensures a seamless workflow.

2. Comprehensive Tracking and Analytics:

Gain insights into your network's performance with advanced tracking and analytics tools. MLM software Development allows businesses to monitor key metrics, analyze trends, and make data-driven decisions for optimizing marketing strategies and resource allocation.

3. Enhanced Communication Channels:

Effective communication is the lifeblood of any MLM business. MLM software facilitates real-time communication between network members, fostering collaboration and strengthening relationships. Features like instant messaging, notifications, and newsletters keep everyone in the loop and engaged.

4. Secure and Transparent Transactions:

Security is paramount in network marketing, especially when it comes to financial transactions. MLM software ensures secure and transparent financial transactions, instilling confidence in distributors and customers alike. Blockchain technology is often integrated to enhance transparency and trust.

The Impact on Business Success

1. Improved Scalability:

MLM software in Delhi provides a scalable platform that grows with your business. As your network expands, the software adapts to accommodate increased data, transactions, and users, ensuring a seamless experience for everyone involved.

2. Global Reach and Accessibility:

Modern MLM software facilitates global expansion by breaking down geographical barriers. With features like multilingual support and currency conversion, businesses can effortlessly tap into new markets and connect with a diverse audience.

3. Efficient Compensation Plans:

Crafting and managing compensation plans is a complex task in MLM. Software solutions automate the process, ensuring accurate calculations, timely payouts, and fair compensation for all members. This not only simplifies administrative tasks but also motivates the salesforce.

4. Adaptability to Industry Trends:

MLM software Developers in Delhi stay at the forefront of technological advancements and industry trends. By integrating the latest features and functionalities, businesses can adapt to market changes quickly and effectively, gaining a competitive edge in the ever-evolving landscape.

Choosing the Right MLM Software Partner

Selecting the right MLM software company is crucial for unleashing the full potential of your network marketing business. Consider factors such as experience, reputation, customer reviews, and the flexibility of the software. A reliable partner will not only provide robust technology but also offer ongoing support and updates to ensure your business stays ahead in the competitive MLM arena.

In conclusion, MLM software in India  are revolutionizing network marketing by providing innovative solutions that empower businesses to thrive in the digital age. Embracing these technologies is not just a choice but a strategic imperative for those seeking sustained success in the competitive world of MLM.

[shahananasrin-blog]

[ad_1] Microsoft will unbundle its chat and video app Teams from its Office product and make it easier for rival products to work with its software, the US company said on Thursday in a move aimed at staving off a possible EU antitrust fine.The proposed changes came a month after the European Commission launched an investigation into Microsoft's tying of Office and Teams following a complaint by Salesforce-owned workspace messaging app Slack in 2020.Microsoft's preliminary concessions failed to address concerns. The EU competition enforcer on Thursday said it took note of the company's announcement and declined further comment.Teams was added to Office 365 in 2017 for free. It eventually replaced Skype for Business and gained in popularity during the pandemic due in part to its video conferencing."Today we are announcing proactive changes that we hope will start to address these concerns in a meaningful way, even while the European Commission's investigation continues and we cooperate with it," Nanna-Louise Linde, Microsoft's vice president for European government affairs said in a blog post.She said the changes seek to address two EU concerns, "that customers should be able to choose a business suite without Teams at a price less than those with Teams included, and that we should do more to make interoperability easier between rival communication and collaboration solutions and Microsoft 365 and Office 365 suites".The changes, effective from October 1, will apply in Europe and Switzerland. Office without Teams will be sold at a lower price, EUR 2 (nearly Rs. 180) less per month or EUR 24 (nearly Rs. 2,160) per year to Microsoft's core enterprise customers, which represent most of the company's commercial business in Europe.New enterprise customers can buy Teams standalone and separately for EUR 5 (nearly Rs. 450) per month or EUR 60 (nearly Rs. 5,400) per year, while existing enterprise customers who already have a suite with Teams can choose to keep it or move to a without-Teams suite. New support resources will be introduced to help customers and independent software vendors who want to remove data from Teams and used it in another product.Microsoft will also develop a new method for hosting the Office web applications within competing apps and services similar to what it does with Teams. The stakes are high for the US tech giant which racked up EUR 2.2 billion (nearly Rs. 19,800 crore) in EU antitrust fines in the previous decade for tying or bundling two or more products together but which has since then sought a more conciliatory approach with regulators.© Thomson Reuters 2023Affiliate links may be automatically generated - see our ethics statement for details. [ad_2]

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a-complete-guide-to-crm-for-financial-services

A Complete Guide To CRM For Financial Services

Today, the majority of investment advisor firms have indicated growth as their business priority. The advisory firms prioritizing growth intend on achieving the development primarily by adding new clients organically. Advisers interested in customer acquisition inevitably face operational challenges that can threaten their ability to serve customers. However, by implementing best-of-breed software, investment advisory organizations can grow assets while improving the quality of service they deliver to their customers. 

A fully integrated customer relationship management solution is the most powerful tools these companies have at their disposal if they want to grow. However, when it comes to selecting the right CRM software tool for the advisory firm, an important question must be answered: Which CRM system will fit your investment business the best?

What Is A CRM System?

A Customer Relationship Management (CRM) system helps manage customer data. It supports sales management, delivers actionable insights, integrates with social media and facilitates team communication. Cloud-based CRM systems offer complete mobility and access to an ecosystem of bespoke apps.

Why Do You Need A CRM For Financial Services?

Today’s financial advisors act as members of the business organization where they work. They are at the core of the business as they indicate the company’s strategic direction through their suggestions. Of course, CRM isn’t the only tool that can provide the advisors with new and promising insights into client relationships. However, CRM technology can help a financial business maximize its relationship management while minimizing the operational effort required in managing client data.

Being a financial advisor is not easy. You have to deal with many complex workflows requiring extensive use of frustrating software systems. You have to deal with phone calls and emails coming in from clients every hour of every day. You are responsible for safeguarding confidential information about your clients, managing client logistics, and cutting through a thicket of complex paperwork.

A great CRM can help you get your job done. But why exactly do you need a CRM system? These are the most crucial and immediate reasons why financial advisors need CRM today.

Generate referrals

Increase business productivity

Maximize and automate the use of customer relationship data

Manage social media presence and client feedback

What CRM Systems Do Financial Advisors Use In Asia?

No matter what country or region you are in, the majority of investment advisor firms are embracing new CRM systems including:

Hubspot

Zoho

Salesforce

Insightly

Less Frustrating Software Systems

The best CRM systems standout from the rest for their power to cut your operational time in half and improve your ability to service clients. Hence, in order to improve your productivity and client retention, choosing the right CRM system is the best opportunity you will ever come across.

An Introduction To Financial Advisors

Financial advisors organize wealth and financial assets for their clients. They are expected to make financial decisions for their clients. The advisors earn a good salary and accumulate their wealth as a financial advisor. Financial advisors can work for a financial services company, bank, assurance, brokerage or trading floor. The company the financial advisor works for can be traditional or online investment firm specializing in asset management such as Oebe and the fees vary depending on the type of family office they operate.

The role requires the financial advisor to have an understanding of the investments, computation of taxes and investments in general. In addition to the skills of a financial advisor, the position also requires the financial advisor to be well versed in the design and management of wealth for clients. Also, they must be keen in reporting all the activities of the clients.

Many financial advisors work in the capacity of private wealth managers, where they act as a financial consultant for the rich. They must have an understanding of tax laws, insurance, investments and businesses. Additionally, financial advisors should have an understanding of the challenges and risks they face in governing wealth.

Financial advisors also manage the financial affairs of high net worth individuals. They advise clients on the most suitable investments and services. The financial advisors must assess the client’s needs and finances. Also, financial advisors should know how to develop investment portfolios and a capital preservation strategy.

Financial advisors also make recommendations on where to invest the money. They have to educate the clients on taxation laws such as capital gains and income tax on financial assets. They can also manage the client’s cash assets and investment portfolios.

Financial advisors must also advise the client on the control of the risk. They should advise on how to protect the assets from litigation and taxation. Therefore, a financial advisor should have an understanding of the fees they charge and also understand taxation laws when providing advice to the client.

Common Types Of Financial Advisors

There are two main kinds of financial advisors; independent financial advisor and in house financial advisor.

An Independent Financial Advisor has a freelance business model that enables them to advise clients in any investment it is common for them to manage the portfolio of the investor. They are exposed to a greater risk of failure as the pay is commission based.

An In-House Financial Advisor is usually employed by the business they work for. They are usually paid a fixed salary and they manage the portfolio of the investors they work for. They usually have less autonomy and less control over decision making processes hence they are less exposed to risk.

A securities license is usually required for a financial advisor and they are regulated by the ethics and compensation of the securities and exchange commissions commission.

Advantages Of CRM For Financial Services

A financial advisor does not need to worry when CRM solution is in charge of prospecting and sensitive task, as the CRM is in control of your process. The main purpose is to keep your customer information organized and accessible with automated workflows to fulfill your prospects.

You can develop a better client relationships since CRM can hold your records of client contact for each case. You will have a better organization of process and sales. CRM solutions do a great job of keeping track of your lead follow up.

It allows for a better coordination and synergy between sales people and support team. It allows you to have a better and more optimized time management since they automate repetitive tasks.

It improves your working process of organizing customer data since the CRM does most of the work, you only need to focus on selling. CRMs offer a centralized place for your information that is shared by all the people and panel who have the access.

Why CRM For Financial Services In Asia Is Important?

Asia is a diverse segment with many different cultural and business practices from region to region, it is important to find a solution you feel comfortable using. For instance a Chinese financial advisor may choose a solution that allows the use of the Chinese language, whereas the predominantly Islamic countries may choose a solution that allows for HJE (Hindi, Urdu, and English).

Where To Look?

It is hard for businesses to evaluate the customer relationship management system, as there are hundreds of providers and thousands of products on the market, it is simply convenient to work with a broker as they are working on behalf of the financial advisor.

The best way to evaluate CRM technology for financial services is to use the budget of your company and compare the cost of your CRM with the actual results, in order to accomplish this you should focus on the total cost of ownership, even though all of them are cheap and seem to be easy to implement the best option is to focus on the feature that are fit for your company.

Cost Of Ownership

The services provided by CRM providers on the market are similar and it is hard to differentiate between them, the main advantage when using a CRM is a reduced negative impact on your bottom line.

The main cost of CRM in the financial services industry is the implementation, but even after this a company has to sustain the cost with upgrades and maintenance.

Typical Financial Advisors Uses CRM

Manage clients, contacts and relationships

Monitor sales performance and productivity

Create business development strategies

Track opportunities

Plan campaign routes and managers performance

Track forecast and profitability

Record details of deals and financial transactions

Automatically create reports and newsletters

Typical Financial Advisors Challenges

Financial Service companies are facing a common challenge these days: extremely fragmented and densely distributed geographical territories. Managing thousands of clients spread all over Asia is a true challenge for your sales team. Brands face the following issues:

Keeping in touch with customers

Upselling existing custom

Build loyalty

Enabling one-on-one marketing

Empowering the sales team with an effective CRM system will deliver the expected results. Some of the key benefits of a CRM in financial services are:

Let the team know who the prospect is

Internal company data is accessible in the CRM

Assist in sales process

Assist in one-to-one marketing

A Powerful CRM for Financial Services can also increase the conversion of your leads, by assisting you in managing your leads and properly targeting them, it can significantly increase the conversion of a financial advisor.

It can be implemented in various ways, you can start small with a basic plan and upgrade to a more advanced system after a trial period. All of these greatly depend on your budget and the size of your team.

CRM can be used both for in-house and independent advisors, for any business that is in a direct or indirect relationship with consumers and use either the products of third parties or their own.

The financial industry is considered one of the most sensitive industries in terms of consumption, you need to deliver a good customer service otherwise they will look somewhere else. Financial services is more than just delivering advice and services to customers, you take care of their money, so they will be more involved than other customers.

CRM Solutions For Financial Services

There are several providers for customizable CRM for financial services, but it’s very hard to pick a system that is a perfect fit for your firm. It is important to evaluate your current tech stack and the tools that you are comfortable with. You need to have a deeper understanding of the matter before you start using the solution.

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