Varicent Incentive Compensation Management (ICM)

Commissions Management

Includes commission statement generation, commission tracking, split commissions, and rule management.

Multi Currency

Includes multi-currency accounting, multi-currency transactions, and multi-currency reporting.

Incentive Dashboards

Private and internal incentive tracking and goal tracking for sales teams to visibility into potential commissions.

Adjustments & Clawbacks

Ability to make adjustments to paid commissions.

Collaboration

Includes ability to view, share and direct work between co-workers in real or near real-time.

Reporting and Analytics

The solution provides the ability to create metrics-driven dashboards and reports showing unique visitors, click-through, conversions, payments etc.

Regulatory Compliance and Audit

Ability to adhere to laws, regulations, guidelines, and specifications relevant to the business. Ability to store documents and trails for audit access.

Data Integration

Includes integration of data from multiple sources (ERP, CRM, Payroll, HCM etc.), merging systems, transforming data and capture data to form a unified view.

Pre-Built Incentive Plans

Pre-built compensation plan templates are available out of the box.

Incentive Plan Designer

Design and build compensation and incentive plans within the application.

Vendor Support

The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Business Value Created

Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Product Strategy and Rate of Improvement

Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Customization

Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of Implementation

Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Usability and Intuitiveness

End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Breadth of Features

Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Quality of Features

Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of IT Administration

This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Data Integration

Use this data to determine whether the product will cause headaches or make data integration easy.

Availability and Quality of Training

Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.