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Top Rated
80 Ratings
2 Ratings
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Score 7.3 out of 100

Varicent Incentive Compensation Management

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Top Rated
80 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.5 out of 100

Likelihood to Recommend

beqom Total Compensation

Depending on the complexity of the processes, the regulatory constraints and the number of employees to be managed, beqom can be a very powerful solution. Sometimes it's just too powerful and expensive for the scope.
François Bouchery | TrustRadius Reviewer

Varicent Incentive Compensation Management

[Varicent] Incentive Compensation Management is well suited to perform custom calculations for complex commission plans. Our plans were very complex and included many variables and monthly exceptions. (Ex. product, fund, FA, territory, date ) The implementation team was able to create calcs that handled every variable we requested. The portal was key to our success so our sales team could log in directly and see exactly how they were paid for each product and FA. AND they didn't have to worry about saving copies each month as they could always refer to the portal.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Sales ICM

beqom Total Compensation
Varicent Incentive Compensation Management
7.0
Sales compensation plan creation
beqom Total Compensation
Varicent Incentive Compensation Management
7.2
Complex sales crediting
beqom Total Compensation
Varicent Incentive Compensation Management
7.5
Sales compensation process automation
beqom Total Compensation
Varicent Incentive Compensation Management
7.5
Incentive auditing/regulation compliance
beqom Total Compensation
Varicent Incentive Compensation Management
7.7
Sales compensation dashboards & forecasting
beqom Total Compensation
Varicent Incentive Compensation Management
6.5
Incentive modeling
beqom Total Compensation
Varicent Incentive Compensation Management
6.8
Agile incentive strategy
beqom Total Compensation
Varicent Incentive Compensation Management
7.0
ICM mobile visibility
beqom Total Compensation
Varicent Incentive Compensation Management
5.9

Pros

beqom Total Compensation

  • Budget Simulation, impact analysis of change ina compensation plan, scenario comparison
  • End user (functional user) administration
  • Total compensation management (ability to manage all the processes in a single tool)
  • Integration into the information system (SSO, data flows, etc.)
  • Complex business rules
  • Matrix organization management and complex workflows
François Bouchery | TrustRadius Reviewer

Varicent Incentive Compensation Management

  • Flexibility - Varicent is not template based. You can implement the model specifically for your organisation.
  • Scalability - Since it is not stick to templates you are able to expand the model for other domains as well.
  • Reporting - Several ways of reporting are possible and each has their own benefit/purpose.
  • Strong/Powerfull Calculation Engine delivering fast results/speed to insight
  • User Interface is minimized to what you need and is not showing off all the functions it can "also" do
  • Strong audittrail
  • Appears to be almost unlimited in what you are able to create
Anonymous | TrustRadius Reviewer

Cons

beqom Total Compensation

  • Territory Management
  • Mobile functionnalities
François Bouchery | TrustRadius Reviewer

Varicent Incentive Compensation Management

  • Zions Bancorporation takes security very seriously. While we have NOT had any security issues with ICM, with it being a cloud application, our internal infosec team really wants some kind of MFA (multi factor authentication) support for off corporate network access.
  • The ICM internal workflow manager is not as flexible as we would like. For what it does, it works extremely well. However, for our purposes, it would not fit our process so we created our own workflows using presenter reports, scheduler and automated data imports. We'd love to be able to use the internal workflow and I think with recent improvements we're getting close but it's just not there yet.
  • In order to send emails to users (ie. payments need approval) we had to write an external python script. It works well but for most admins, they are not able to support it. It would be nice to have the ability to send emails based on defined triggers. The built in workflow can do this but as mentioned previously, we are not able to use it.
  • I'd like to have the ability to run a partial calculation. Currently, there is only an option to run a full system calc or a single calculation. I would like the ability to run a stream of calcs (ie. from a parent down to all children only).
David Hauptman | TrustRadius Reviewer

Likelihood to Renew

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 8.2
Based on 9 answers
Customer support from IBM is impeccable. They are quick to respond and they don't nickel and dime you for every request you make. Their goal is to ensure your success and as a user, I really feel like they listen to my concerns. That's not to say there are no problems. All software has its issues, but I don't feel like those issues fall on deaf ears.
Matthew Burgos | TrustRadius Reviewer

Usability

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 7.4
Based on 33 answers
Varicent Incentive Compensation Management interfaces are improved quite often. Ergonomy is improved as well. This results in a better understanding and usage of the tool by back-end users. The tool is also API enabled, which is great when thinking of the implementation of special technical needs. [Debugging] is easier and done faster. From the front end POV, the results are reachable easier and faster. Browsing through the different reports is more intuitive.
Anonymous | TrustRadius Reviewer

Reliability and Availability

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 8.6
Based on 2 answers
Never went down in last 3 years that I worked with it (every hour of the day basically).That is a 10 in my book.
Anonymous | TrustRadius Reviewer

Performance

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 7.7
Based on 2 answers
All is fast, but with API's it is sometimes slower due to the application we are pulling data from.Reports are loaded directly or within seconds and our reports are very detailed with many columns and rows.
Anonymous | TrustRadius Reviewer

Support Rating

beqom Total Compensation

beqom Total Compensation 7.3
Based on 1 answer
Support is provided by the implementation partner and beqom. A team of the editor is dedicated to this activity
François Bouchery | TrustRadius Reviewer

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 7.9
Based on 5 answers
Giving a 10 would suggest there is no room for improvement. I don't feel like their support is perfect. However, I have never met another team that was more dedicated to making sure we get what we want and need.
Matthew Burgos | TrustRadius Reviewer

In-Person Training

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 7.7
Based on 2 answers
The training was good in general with a nice trainer as well.But, the training could be better if it is more focussed on our process/data etc.
Anonymous | TrustRadius Reviewer

Online Training

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 7.7
Based on 2 answers
There is a learning portal with many videos about navigation, creating reports and managing your model.
Anonymous | TrustRadius Reviewer

Implementation Rating

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 8.2
Based on 4 answers
Test test test. Make sure that the product is calculating everyone 100% correctly. DO NOT accept a 70% pass rate as some companies would like to have you believe is acceptable. This means conducting thorough testing by providing 100% of all expected results, but it will be worth it when you know that the compensation plans are working entirely as expected.
Matthew Burgos | TrustRadius Reviewer

Alternatives Considered

beqom Total Compensation

Beqom is the only one managing all compensation components (total comp).
François Bouchery | TrustRadius Reviewer

Varicent Incentive Compensation Management

Out of all of the products I have ever evaluated for this space, Varicent is head and shoulders above the rest in my opinion. For me, I think of Varicent as akin to building an Access database while the other programs are like building an Excel data model. In Varicent you control everything from what tables are built to how they are leveraged with the calculations that you build. In the other tools, you are pushed into finding ways to leverage their pre-built mechanism of action and any deviation from what you build necessitates you to build a brand new plan. This is the key differentiator of a table driven system as opposed to a rule based one. The flexibility and usability is wholly unmatched.
Brandon Cole | TrustRadius Reviewer

Scalability

beqom Total Compensation

No score
No answers yet
No answers on this topic

Varicent Incentive Compensation Management

Varicent Incentive Compensation Management 7.4
Based on 32 answers
It's in the nature of the core product to configure and scale to the needs of the organization--essentially to ingest data from multiple sources (internal and external) build the data transformation logic to whatever degree is required, then to publish the resulting data to the end user in the form of reports, web forms, files, etc.
Anonymous | TrustRadius Reviewer

Return on Investment

beqom Total Compensation

  • Reduction in calculation errors.
  • Equality Management (comparisons, Women/Men, etc.).
  • Letters/Plan description communication. Mass ability through the tool and direct communication to the eligible.
  • Logs of all actions performed.
François Bouchery | TrustRadius Reviewer

Varicent Incentive Compensation Management

  • Fewer calculation errors as previous solution was manual based.
  • Ability to build tailored solutions in ICM to entice Brokers to write business for ANZ.
  • Allows the Broker Managers to easily to see what commissions they are going to pay in the next Commission Run payment cycle and make changes if required.
Fotios Rassias | TrustRadius Reviewer

Screenshots

Pricing Details

beqom Total Compensation

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No

Varicent Incentive Compensation Management

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

beqom Total Compensation
7.3
Varicent Incentive Compensation Management
7.7

Likelihood to Renew

beqom Total Compensation
Varicent Incentive Compensation Management
8.2

Usability

beqom Total Compensation
Varicent Incentive Compensation Management
7.4

Reliability and Availability

beqom Total Compensation
Varicent Incentive Compensation Management
8.6

Performance

beqom Total Compensation
Varicent Incentive Compensation Management
7.7

Support Rating

beqom Total Compensation
7.3
Varicent Incentive Compensation Management
7.9

In-Person Training

beqom Total Compensation
Varicent Incentive Compensation Management
7.7

Online Training

beqom Total Compensation
Varicent Incentive Compensation Management
7.7

Implementation Rating

beqom Total Compensation
Varicent Incentive Compensation Management
8.2

Scalability

beqom Total Compensation
Varicent Incentive Compensation Management
7.4

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