Forma.ai

Forma.ai is a company that specializes in AI-powered software designed to optimize and manage sales compensation. The company offers a CompOps platform that automates the sales compensation process from end-to-end, featuring AI-driven plan design, connected modeling, and automated management. Forma.ai supports flexible data integrations from any source and is trusted by global enterprises such as Autodesk, Procom, and a Fortune 500 medical device company. The platform helps companies plan sales compensation 400% faster and reduce payout errors by 16%, saving significant resources, with Procom saving over $1 million and reducing resource use by 33%. Forma.ai provides a comprehensive resource center with information on sales compensation, AI, and more, and hosts a community for sales compensation professionals with exclusive events and networking opportunities. The platform serves as a central source of truth for sales performance, enabling rapid and agile planning and execution. It automates rule building using AI, eliminating the need for manual configuration, and ensures auditability and predictability of changes, payouts, and spend to uphold enterprise compliance standards. Forma.ai offers bulletproof forecasting with a suite of performance reports for financial reporting and sales compensation spend prediction, guaranteeing the lowest total cost of ownership for enterprises. The platform processes over $25 billion in commissions and 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 and expanded globally to support a worldwide customer base with 24-hour support. The company provides a comprehensive and automated solution for sales compensation management, using AI to automate configuration changes faster than humans. It offers customizable reporting outputs and dashboards for business-specific needs and supports ASC 606 compliance with built-in accounting reporting and compliance automation. Forma.ai ensures enterprise-grade security and compliance, including SOC 1 and SOC 2 certifications, and provides a robust infrastructure trusted by the world’s largest enterprises.