What is Varicent Incentive Compensation Management (ICM)?
Varicent Incentive Compensation Management (ICM) removes friction from the compensation process, accelerates the ability to make plan changes and adopt new strategies, and enables new insights to outdo previous performance. Varicent enables businesses to continually refine and improve their sales strategies - from plan, operate, pay, and insights - to maximize revenues. Varicent ICM can help you remove friction from the sales compensation process, improve incentive calculation, adapt your sales strategy to shifting business priorities, and enable your compensation admins.
Company Details
Need Assistance?
We're here to help you with understanding our reports and the data inside to help you make decisions.
Get AssistanceVaricent Incentive Compensation Management (ICM) Ratings
Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard
to access more information on Varicent Incentive Compensation Management (ICM).
85 Likeliness to Recommend
100 Plan to Renew
79 Satisfaction of Cost Relative to Value
Emotional Footprint Overview
+93 Net Emotional Footprint
The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.
How much do users love Varicent Incentive Compensation Management (ICM)?
Pros
- Helps Innovate
- Reliable
- Enables Productivity
- Trustworthy
Emotional Footprint
How to Read
Positive
Neutral
Negative
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Feature Ratings
Commissions Management
Multi Currency
Incentive Dashboards
Adjustments & Clawbacks
Collaboration
Reporting and Analytics
Regulatory Compliance and Audit
Data Integration
Pre-Built Incentive Plans
Incentive Plan Designer
Vendor Capability Ratings
Vendor Support
Business Value Created
Product Strategy and Rate of Improvement
Ease of Customization
Ease of Implementation
Usability and Intuitiveness
Breadth of Features
Quality of Features
Ease of IT Administration
Ease of Data Integration
Availability and Quality of Training
Varicent Incentive Compensation Management (ICM) Reviews
Sweta S.
- Role: Information Technology
- Industry: Engineering
- Involvement: End User of Application
Submitted Jun 2022
Best integrated compensation management tool
Likeliness to Recommend
What differentiates Varicent Incentive Compensation Management (ICM) from other similar products?
ICM is a great tool for end to end compensation management. It offers pre built compensation management flows built on AI which is very reliable and ideal to use for any organisation who want to same time on this area
What is your favorite aspect of this product?
My favourite aspects of this tool is it's integrated dashboard that offers a clear picture of sales as well as the compensation and variable components. That gives any user a holistic picture of the current revenue state of the organisation.
What do you dislike most about this product?
I absolutely love this tool for its offering but feel that the documentation on its usage are very sparse. That can be improved a bit.
What recommendations would you give to someone considering this product?
I highly recommend this tool for any organisation who are looking for a cutting edge compensation management tool.
Pros
- Helps Innovate
- Continually Improving Product
- Reliable
- Performance Enhancing