Advance your variable pay programs
It is generally known that motivated salespeople are driven to sell more. The challenge is how to consistently create and sustain an environment that drives such motivation while also achieving
Incentive Compensation Management Solutions
Incentive Compensation Management Solutions
Simplify and automate the administration, calculation and reporting of complex incentive processes and improve plan effectiveness through robust Incentive Compensation Management
Integrated end-to-End solutions
ICM solutions provide a flexible and scalable platform for all your compensation, automation, and reporting needs.
Data Engine
Unify disparate data sources, from HR to Financial data, using robust data integration capabilities such as prebuilt connectors for Excel, XML & CSV files, ODBC connections and APIs.
Calculation Engine
Manage and automate complex calculations for your compensation plans and reporting needs with our powerful ICM calculation engine. Easily add plans components or make changes to plans without compromising on the accuracy of the results.
Reporting Engine
Power data-driven decision-making at all levels of your organization through predictive reporting, visual data discovery and self-serve analytics using advanced reporting functionality.
Workflow Engine
Streamline the end-to-end compensation process, from calculations to reporting, inquiries and close with advanced workflow capabilities with pro-active alerts and notifications to ensure timely and smooth operations.
Do You Have An Effective SPM Solution? Reevaluate Your Process With Our SPM Checklist.
3 reasons why our SPM Solutions let you focus on your business
Maximize Seller Productivity
Increase rep confidence in compensation data through timely, accurate payments. Eliminate shadow accounting in sales teams by providing transparency and self-service analysis into compensation detail and transaction-level data. Streamline the inquiry process to promote high rep morale and trust in the compensation data.
Manage Administration Complexity with Ease
Design, set up and manage complex plans with ease and accuracy. Automate compensation calculations and enjoy the flexibility of making last-minute adjustments for consistent on-time payroll processing. Gain detailed insights into critical components such as rep performance, plan effectiveness and compensation costs easily and answer rep inquiries with confidence.
Enable Improvement of Plan Effectiveness
Optimize compensation plans for highest sales performance. Gain clear, detailed visibility into performance trends, anomalies and plan weaknesses to ensure fair, transparent incentive structures that motivate and reward the right behaviors and results.
FAQ - ICM solution
A robust ICM solution can assist in removing friction from the sales compensation process, easing the compensation administration process, adapting sales strategy to changing business priorities based on timely reporting & analytics and empowering sellers by providing complete transparency into their performance. It can help uncover new insights to incentivize the precise sales behaviors required to not only increase total yield but also outperform previous performance benchmarks.
InnoVyne Insights
How COVID-19 has changed Sales Performance Management in the Retail Industry
The retail landscape has undergone a severe disruption in 2020. Modern retail has already seen its fair share of challenges over the years with growing overseas competition, international sourcing issues,
3 Critical Sales Compensation Metrics for a Balanced Scorecard
Data, data everywhere. For many companies, one of the greatest challenges in recent times has been deriving accurate, actionable insights from data. Most businesses gather large volumes of data on