Solutions for Banking & Finance Industry

We understand that today's banking industry is a challenging space to maintain sustainable revenue growth. With increasing regulatory pressures, intense global pressures and the market's expectation for flawless consumer experience, the banking industry is continually evolving to accommodate its needs.

Plan Complexity

Banks often struggle to manage a proliferation of incentive plans with a large number of variables such as revenue, product lives & seniority. Inefficient management incentives leads to data accuracy issues resulting in high costs and low margins.

Regulatory Mandates

Constant regulatory changes and mandates such as ASC 606, Dodd-Frank & Federal Reserve’s Guidelines on incentive compensation have made it imperative for banks to govern, monitor, audit and report on their incentives with more detail than ever.

Data Distrust

Data accuracy issues & lack of data transparency quickly instill deep distrust in employees resulting in productivity drain, higher employee attrition and an increased burden on the compensation administration team.

Plan Evaluation and Costs

Banks need to implement industry and domain best practices to ensure they sustain revenue growth. Without self-sufficient business users, IT costs can become a constant, heavy drain on the bank’s resource.

Learn more about our solutions for the Banking & Finance Industry

Our SPM Solutions

ICM

Incentive Compensation Management

Align your sales teams and strategic objectives to achieve desired revenue targets, comply with regulatory standards, and adapt to market changes quickly and efficiently.

Territory & Quota Management

Territory & Quota Management

Efficiently create, monitor, and align quota and territory assignments with your business strategy. Simplify and automate your complex tasks with powerful workflow solutions.

Data Reporting & Analytics

Data Analytics & Visualization

Gain insight & visibility into mission critical metrics such as performance trends, compensation drivers and revenue flow with advanced reporting and ad-hoc analysis.

InnoVyne Insights