Incentive Manager
Incentive Calculation Engine with built-in life sciences specific sales incentive process intelligence, commonly used plan components, and business workflow that enables end-to-end automation. It comes armed with an integrated quality assurance and auditing framework with easy access to all historical and current performance data. Allows business users to configure custom reports, model plan designs, and compare plan performance.
Key Features
100+ built-in plan configuration components
Pick and choose from the list of built-in measures, earnings and multiplier components depending on the standard plans such as goal achievement, commissions, matrix, ranks, MBO or complex plans that needs calculation of multi-level indexes
Eligibility & HR exception management
Embedded eligibility manager that can be configured for type of eligibility/ time in territory calculations based on calendar days, business days or even point in month references. In addition, exception calculations for a variety of scenarios such as new hire, transfer, terminations, flexible working arrangement, leaves, etc. can be managed through intuitive business interfaces
Plan modeling & simulation
Configure newly designed or proposed incentive plans in model universes and compare performances with existing plans to evaluate the alignment of changes with desired results. These changes are analyzed at summary as well as individual levels and top and bottom performers are identified
Integrated quality assurance framework
Validation dashboards to analyze the quality of inputs and outputs based on a variety of checks such as nulls, blanks, duplicates, value range checks, referential integrity checks, month-over-month changes etc. In addition, summary visualizations are there to understand the distribution of input data
Payment Approval Workflows
Configurable payment approval workflows by role within the platform to ensure clean and auditable hand shakes without any manual interventions. Approvers get access to detailed calculation reports as well as summary dashboards for their internal checks. Any questions, concerns can also be raised or discussions can be initiated as part of the platform itself
Audit & Compliance
Comprehensive compliance dashboard to track any type of system activities such as input availability & loading, payout processing, plan changes, approvals and also any additional financial adjustments. Users get access to different functions and screens depending on their role and level of control
Configurable summary reports & dashboards
Comprehensive compliance dashboard to track any type of system activities such as input availability & loading, payout processing, plan changes, approvals and also any additional financial adjustments. Users get access to different functions and screens depending on their role and level of control
Differentiators
Life sciences ready platform with built-in data structures, editable plan exceptions parameters, 5 level geographical hierarchy, eligibility management
>50% faster implementations due to built-in sales incentive business process intelligence, configurable plan components, standard output structures, out-of-the-box reports and configurable dashboards
>75% faster change rollouts due to the high level of parameterization and configurable nature of the platform using pre-built calculation flows from the list. Scalable report designs based on standard output structures
<65% cost of ownership (1/3rd the cost) due to significantly high level of configurability and standardization. In addition, new-age deployment models keeps infrastructure costs under check
360-degree data access at different calculation levels to analyze information flow. Standard history tables across levels for complete visibility into multi-year performance and to support associated analytics
Multiple countries and business units can be handled using a unified instance with easy business reporting
Get Started
Automate your incentives in 6 weeks.
