Complex commission plans with multiple stakeholders?
End-to-end automation of your commission calculations and all stakeholder reporting with Incentivate.
Pricing starts at $12 per user per month and Implementations range from $15K to $40K
Complex commission plans with multiple stakeholders?
End-to-end automation of your commission calculations and all stakeholder reporting with Incentivate.
Pricing starts at $12 per user per month and Implementations range from $15K to $40K
How it works?
Easy formula building & management
Update calculations related to performance measures, qualifiers, payout calculations, performance multipliers within defined governance framework whenever required.
Manage exceptions & changes on your own
Manage master tables, business rules, exceptions and adjustments on your own. Scenarios such as plan assignments, payout adjustments, overrides, hierarchy management, etc.
design payout curves & commission tables
Assemble web-based visual curve layouts depending on the type of incentive plan such as commission, goal-based, matrix-based, etc. with only inflection points, caps, floors, etc.
Govern through business workflows
Configure complex multi-actor business workflows for different business use cases such as plan acknowledgement, target letter approvals, change management, payout, approvals, dispute management, etc.
Experts Speak
Gartner estimates only 92% of commissions are accurate when calculated manually
Gartner estimates that it costs $10K per 50 payees to ensure audit compliance every year
Forrester estimates that commissions team spends an average of 40 hours per 50 payees
According to Gallup, higher employee engagement results in 30% lower turnover
As per industry standards, an average of 30% of payouts go through dispute process
As per World at Work Sales Compensation Survey 71% organizations use 2-3 performance measures
Experts Speak
Gartner estimates only 92% of commissions are accurate when calculated manually
Gartner estimates that it costs $10K per 50 payees to ensure audit compliance every year
Forrester estimates that commissions team spends an average of 40 hours per 50 payees
According to Gallup, higher employee engagement reslts in 30% lower turnover
As per industry standards, an average of 30% of payouts go through dispute process
As per World at Work Sales Compensation Survey 71% organizations use 2-3 performance measures
Future State: Success Criteria
Common Pain Points with Existing Systems
- End-to-End Automation – Core controls & parameters-driven configuration with data source integrations.
- Agility & Responsiveness – Reacts, adapts and scales as need changes.
- Data Access – Easy access to calculated performance data and capability to pull data automatically.
- Flexibility – Start with commission calculations and reporting with the capability to configure workflows, enable modelling, etc.
- Services – Provide operations, analytics and change support if desired.
- Data Hosting – Cloud of your choice with the option to choose our environment or yours.
- Added Value – An impartial validation of proposed plans and implementation details.
Lack of Formal QA Process Incentives
Manual Data Transformation & Processing
Insufficient System Visibility & Longer Run Time
Decentralized Reporting & Limited Tranparency
Limited Commission Plan Awareness & Understanding
Gaps in Change & Approval Process
Future State: Success Criteria
- End-to-End Automation – Core controls & parameters-driven configuration with data source integrations.
- Agility & Responsiveness – Reacts, adapts and scales as need changes.
- Data Access – Easy access to calculated performance data and capability to pull data automatically.
- Flexibility – Start with commission calculations and reporting with the capability to configure workflows, enable modelling, etc.
- Services – Provide operations, analytics and change support if desired.
- Data Hosting – Cloud of your choice with the option to choose our environment or yours.
- Added Value – An impartial validation of proposed plans and implementation details.
Common Pain Points with Existing Systems
Lack of Formal QA Process Incentives
Manual Data Transformation & Processing
Insufficient System Visibility & Longer Run Time
Decentralized Reporting & Limited Tranparency
Limited Commission Plan Awareness & Understanding
Gaps in Change & Approval Process
Who we are?
-
More than 100+ years of combined experience delivering incentives and commission program effectiveness.
-
Alumni of global organizations such as ZS Associates, Optymyze, etc.
-
Led incentive plan design, implementation, and operations engagements for clients across the globe.
-
Experience with insurance, financial services, pharma, medical devices, IT solutions & services, consumer goods, retail, manufacturing and many other industries.
-
Unique design and implementation framework that enables do-it-yourself operations if desired.
Who we are?
-
More than 100+ years of combined experience delivering incentives and commission program effectiveness.
-
Alumni of global organizations such as ZS Associates, Optymyze, etc.
-
Led incentive plan design, implementation, and operations engagements for clients across the globe.
-
Experience with insurance, financial services, pharma, medical devices, IT solutions & services, consumer goods, retail, manufacturing and many other industries.
-
Unique design and implementation framework that enables do-it-yourself operations if desired.
