Forma.ai
Forma.ai provides AI-powered software to optimize and manage sales compensation, offering a comprehensive CompOps platform trusted by global enterprises to automate and streamline the entire sales compensation process.
Services
Forma.ai provides AI-powered software to optimize and manage sales compensation. The company's CompOps platform automates the sales compensation process from end to end, which includes AI-driven plan design, connected modeling, and automated management. The platform supports flexible data integrations from any source and offers a comprehensive and automated solution for sales compensation management. Providing customizable reporting outputs and dashboards for specific business needs is part of their service offering.
Products
Forma.ai's primary product is its CompOps platform which automates sales compensation. The platform features AI-driven plan design, automated rule building, connected modeling, and flexible data integrations from various sources. It offers bulletproof forecasting with performance reports essential for financial reporting and sales compensation spend prediction. Other features include enterprise-grade security and compliance, with SOC 1 and SOC 2 certifications, built-in accounting reporting, and compliance automation to support ASC 606 compliance.
Clients
Forma.ai's solutions are trusted by global enterprises, including Autodesk, Procom, and a Fortune 500 medical device company. These clients benefit from improved efficiency in sales compensation planning and error reduction. For example, Procom has saved over $1 million and reduced resource use by 33% by employing Forma.ai's platform.
Company Achievements
Forma.ai has processed over $25 billion in commissions through its platform. The company has received awards such as Deloitte Fast 500 North America 2023, Deloitte Fast 50 Canada 2023, and G2 High Performer 2023. In 2022, Forma.ai raised $45 million in Series B funding, led by ACME Capital. These achievements reflect Forma.ai's growth and impact in the industry.
Community and Resources
Forma.ai provides a comprehensive resource center filled with information on sales compensation, AI, and related subjects. The company hosts a community for sales compensation professionals, offering exclusive events and networking opportunities. These initiatives help promote knowledge sharing and professional development within the sales compensation field.