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Forma.ai Reviews & Product Details

DEREK V.
DV
North America Territory Executive - Utilities
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
What do you like best about Forma.ai?

What I like most about Forma.ai is that I don't need to spend time hunting for information on where I stand, and how I stack up against peers. The overview dashboard provides a clear visual, both numerically and graphically, of earnings, attainment, attainment to quota, and pipeline. When i want detail or want to get into the weeds on something, I can view this by month and get down to the transaction level. Another benefit is that I can always review my comp plan and the different thresholds for my commission rates. It's just very to see my data without having to do a lot of work. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

My one issue, which is likely an internal one, is that near month-end and quarter-end, most of us would like the data to be loaded and refreshed more often. Easy for us to request, but not so sure some of the other 'data collection' systems support it. Sales folks have shorter patience the closer it gets to payday. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

It's providing insight for tracking my performance and compensation. Review collected by and hosted on G2.com.

Forma.ai Overview

What is Forma.ai?

Forma.ai is a ground-breaking Sales Performance Management platform that fully integrates sales planning with rapid (and scalable) incentive compensation management. Creating a single, complete source of truth with your data, our platform consolidates the planning and administration of territories, quotas, and incentives with all of their dependencies. Trusted by innovators like Autodesk, Stryker, and Trustpilot, we're the only SPM platform on the market rapidly accelerating rule-building for incentive compensation plans with templates and a proprietary, collective data model. Now global sales teams, revenue operations leaders, and compensation teams can collaboratively plan and deploy even the most complex SPM strategies at speed and scale.

Forma.ai Details
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Product Description

The ONLY compensation platform that drives revenue. Forma.ai is the first incentive compensation solution that uses a scientific, model-driven approach to help enterprises design, execute, and optimize sales compensation in a single platform. This unique approach transforms one of the largest cost centers in an organization into its most powerful lever for revenue growth and profitability. There are no formula builders here. Instead, Forma.ai customers set their business goals with our dedicated Customer Operations team. We enter your goals into our Optimization Engine™, which forecasts the business impact of dozens of compensation scenarios with singular accuracy, thanks to our proprietary collective data model. Your team chooses the compensation plan that delivers the outcomes they want, and rolls the new plan out to your sales team with the click of a button. No more broken promises. No more faffing around with formula-building or fragmented data. Just real business outcomes backed by data.


Seller Details
Seller
Forma.ai
Company Website
Year Founded
2016
HQ Location
Toronto, Ontario
Twitter
@Forma_AI
169 Twitter followers
LinkedIn® Page
www.linkedin.com
154 employees on LinkedIn®
Description

Forma.ai is the world’s first sales compensation solution driven by a collective data model. We enable organizations to design, execute, and optimize their sales compensation strategy within a single platform.


Mike R.
MR
Overview Provided by:
B2B SaaS Marketing Leader | Advisor

Recent Forma.ai Reviews

Verified User
E
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Forma Ai HealthCare SIP Deployment"
Our transition to Forma Ai has seen some impactful changes for our company. The ease of use of the system has made it easier for our SIP area team...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"The Forma team is wonderful"
All of our commissions records are in one place and agents can access their details Forma staff has been exceptional to support us. We use it all ...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Intense Commitment to Delivering for us"
The speed and aglity that it delivers for managers to view their teams' results. Leaderboards are updated daily and leaders can quickly search or d...
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Forma.ai Media

Forma.ai Demo - Sales Performance Summary via Forma.ai
Sales Performance Summary via Forma.ai
Forma.ai Demo - Sales Performance Summary via Forma.ai
Sales Performance Summary via Forma.ai
Forma.ai Demo - Team Performance Summary via Forma.ai
Team Performance Summary via Forma.ai
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47 out of 48 Total Reviews for Forma.ai

4.8 out of 5
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47 out of 48 Total Reviews for Forma.ai
4.8 out of 5
47 out of 48 Total Reviews for Forma.ai
4.8 out of 5

Forma.ai Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Forma.aiQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Pietro L.
PL
Client Advisor / Brand Specialist
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

I recently started using Forma.AI, and I couldn't be more impressed with the platform. It's incredibly easy to navigate, making it accessible for users of all skill levels. The data accuracy is outstanding, providing reliable insights that have significantly enhanced my decision-making processes. I appreciate how intuitive the interface is, which allows me to focus more on my work rather than getting bogged down in complicated features. Overall, Forma.AI is a fantastic tool that I would highly recommend to anyone looking for a powerful yet user-friendly data solution. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

After using the Forma.AI app extensively, I can confidently say that there are no negatives to report. Every aspect of the platform has been designed with the user in mind, offering a seamless experience that minimizes frustration and maximizes efficiency. The intuitive interface, coupled with highly accurate data, has made it a pleasure to use. I have encountered no bugs or issues that detract from its performance, and the support team has been responsive and helpful whenever I've had questions. Overall, Forma.AI truly stands out as a top-tier application with no drawbacks to note. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

Accurate sales data Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

The speed and aglity that it delivers for managers to view their teams' results. Leaderboards are updated daily and leaders can quickly search or drill into any detail. The displays are clean and provide both great summary high level performance data but also give tremendous detail if needed. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

Some items we do wish we could control on our own as admin's. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

Forma issues annual sales compensation plans, maintains attainment results and computes monthly payment reports. It is also used to track SPIFF programs and display manager leaderboards for teams. Pain points that were resolved were providing real time updates for bookings data, delivered better visuals in payment details such as local and USD values, more motivating visuals for reps, flexibility when searching within the tool (prior system required more downloads to excel and sorting), self service report hub where key reports are posted for Sales Ops - no longer requiring comp team to download and share in email, and robust ticket system keeps requests and approvals within the system instead of seeking approvals in emails. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
EH
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

Our transition to Forma Ai has seen some impactful changes for our company. The ease of use of the system has made it easier for our SIP area teams to manage their day to day workload. We also have been able to build a great rapport with the Forma Ai customer support team and this has allowed for increased speed in resolving issues, discussing open items, and building/developing new features to align to our business needs. Lastly, we were able to implement this system within a short time period (less than 1 year) and are seeing improvements in our day to day operations as well as our overall SIP processes. All in all this implementation has been successful and we look forward to our continued relationship with the Forma Ai team. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

No major concerns with the Forma Ai platform. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

They are improving our sales compensation processes and helping to reduce the time that is being spent on day to day activities. We are currently in the process of moving to better understanding the sales performance management so that we can identify if there are better mechanisms that we can use to drive more growth around our sales compensation plans and processes. The Forma Ai platform has also increased visibility to our plan participants on their progress and how they are meeting their sales compensation expectations. By deploying this platform, we now have global visiblity to our sales compensation and management. Review collected by and hosted on G2.com.

Melanie J.
MJ
Account Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

Easy to use and interpret data. I use this to track my performance and see what my payout will be. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

No downsides. I feel like it's pretty self explanatory. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

Understanding how I am meeting my goals and how far on/off target I am. Review collected by and hosted on G2.com.

JC
Account Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

I liked how it organized my sales data into bar graphs so I can track my sales commissions from beginning to finish. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

It removed some columns. I like tabled data. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

Managing the many clients I onboarded. Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

All of our commissions records are in one place and agents can access their details

Forma staff has been exceptional to support us. We use it all the time. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

it's very complicated and time consuming to set up.

Agents with less technical knowledge have some problems Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

adding accessiblilty and transparancy to agents with regards to their compensation details Review collected by and hosted on G2.com.

Verified User in Medical Devices
UM
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

I live on the dashboard view which is super convenient. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

it auto populates the latest month even if the month is incomplete, it caused me anxiety the first time I thought I was 79% to goal, then I realized the month wasn't finalized. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

I can project my income, that's a big deal. Review collected by and hosted on G2.com.

Verified User in Medical Devices
UM
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

I do love the app. They give overviews of all our performance ratings and numbers. They are all in a very organized and easy to navigate. Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

some data are not accurate or up to date but this could be due to information being fed to it from our internal software too. Otherwise, i like Forma.ai a lot. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

giving me easy to access information on our compensation Review collected by and hosted on G2.com.

TL
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

easy visualization and understanding of data. Didactic and very visual report. Possibility to extract data to analyze details Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

I didn't identify any points for improvement. I find it easy to access and understand. When I needed it too, I got a quick response through the support ticket. Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

I benefit from data transparency and easy access consultation Review collected by and hosted on G2.com.

NS
Patient Support Specialist
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Forma.ai?

Easy to use. Different ways to look at numbers Review collected by and hosted on G2.com.

What do you dislike about Forma.ai?

Slowness on updating sometimes. Need better visibility Review collected by and hosted on G2.com.

What problems is Forma.ai solving and how is that benefiting you?

Where I stand for the month to quota Review collected by and hosted on G2.com.