Jedox vs. Varicent Incentive Compensation Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Jedox
Score 6.8 out of 10
N/A
Jedox is a Business Intelligence and Corporate Performance Management solution. According to the vendor, their solution’s unified planning, analysis and reporting empowers decision makers from finance, sales, purchasing and marketing. Additionally, the vendor says this solution helps business users work smarter, streamline business collaboration, and make insight-based decisions with confidence. The vendor also says 1,900 organizations in 127 countries are using Jedox for real-time planning…N/A
Varicent Incentive Compensation Management
Score 7.4 out of 10
N/A
Varicent (formerly IBM Cognos Incentive Compensation Management, or IBM Sales Performance Management) is presented by the newly reformed vendor as a Sales Performance Management (SPM) Solution that will accurately track, manage and report on sales-related data and processes to reduce administrative costs and provide insight into key performance metrics. The solution encompasses Incentive Compensation Management, Territory Management, Quota Planning and Channel Management. Varicent was acquired…N/A
Pricing
JedoxVaricent Incentive Compensation Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
JedoxVaricent Incentive Compensation Management
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
JedoxVaricent Incentive Compensation Management
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Jedox
9.1
4 Ratings
8% above category average
Varicent Incentive Compensation Management
-
Ratings
Pixel Perfect reports9.14 Ratings00 Ratings
Customizable dashboards9.14 Ratings00 Ratings
Report Formatting Templates9.14 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Jedox
8.3
3 Ratings
1% below category average
Varicent Incentive Compensation Management
-
Ratings
Drill-down analysis8.23 Ratings00 Ratings
Formatting capabilities8.23 Ratings00 Ratings
Integration with R or other statistical packages8.53 Ratings00 Ratings
Report sharing and collaboration8.53 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Jedox
7.9
3 Ratings
4% below category average
Varicent Incentive Compensation Management
-
Ratings
Publish to Web8.53 Ratings00 Ratings
Publish to PDF7.93 Ratings00 Ratings
Report Versioning7.03 Ratings00 Ratings
Report Delivery Scheduling8.23 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Jedox
5.6
3 Ratings
33% below category average
Varicent Incentive Compensation Management
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)5.93 Ratings00 Ratings
Location Analytics / Geographic Visualization5.53 Ratings00 Ratings
Predictive Analytics5.63 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Jedox
8.8
3 Ratings
0% above category average
Varicent Incentive Compensation Management
-
Ratings
Multi-User Support (named login)8.83 Ratings00 Ratings
Role-Based Security Model8.83 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.83 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Jedox
7.4
3 Ratings
7% below category average
Varicent Incentive Compensation Management
-
Ratings
Responsive Design for Web Access8.53 Ratings00 Ratings
Mobile Application7.03 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.03 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Jedox
8.4
4 Ratings
0% above category average
Varicent Incentive Compensation Management
-
Ratings
Long-term financial planning7.04 Ratings00 Ratings
Financial budgeting9.04 Ratings00 Ratings
Forecasting9.04 Ratings00 Ratings
Scenario modeling7.04 Ratings00 Ratings
Management reporting10.04 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Jedox
9.5
3 Ratings
15% above category average
Varicent Incentive Compensation Management
-
Ratings
Financial data consolidation10.03 Ratings00 Ratings
Journal entries and reports7.02 Ratings00 Ratings
Multi-currency management10.02 Ratings00 Ratings
Intercompany Eliminations10.03 Ratings00 Ratings
Local and consolidated reporting10.02 Ratings00 Ratings
Detailed Audit Trails10.02 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Jedox
9.3
4 Ratings
11% above category average
Varicent Incentive Compensation Management
-
Ratings
Financial Statement Reporting9.04 Ratings00 Ratings
Management Reporting9.04 Ratings00 Ratings
Excel-based Reporting10.04 Ratings00 Ratings
Automated board and financial reporting9.04 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Jedox
9.7
4 Ratings
18% above category average
Varicent Incentive Compensation Management
-
Ratings
Personalized dashboards8.94 Ratings00 Ratings
Color-coded scorecards10.03 Ratings00 Ratings
KPIs9.03 Ratings00 Ratings
Cost and profitability analysis10.03 Ratings00 Ratings
Key Performance Indicator setting10.03 Ratings00 Ratings
Benchmarking with external data10.02 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Jedox
9.0
4 Ratings
6% above category average
Varicent Incentive Compensation Management
-
Ratings
Flat file integration9.04 Ratings00 Ratings
Excel data integration9.04 Ratings00 Ratings
Direct links to 3rd-party data sources9.04 Ratings00 Ratings
Sales ICM
Comparison of Sales ICM features of Product A and Product B
Jedox
-
Ratings
Varicent Incentive Compensation Management
7.8
36 Ratings
2% above category average
Sales compensation plan creation00 Ratings8.432 Ratings
Complex sales crediting00 Ratings7.633 Ratings
Sales compensation process automation00 Ratings7.734 Ratings
Incentive auditing/regulation compliance00 Ratings7.331 Ratings
Sales compensation dashboards & forecasting00 Ratings8.531 Ratings
Incentive modeling00 Ratings8.329 Ratings
Agile incentive strategy00 Ratings6.823 Ratings
ICM mobile visibility00 Ratings7.921 Ratings
Best Alternatives
JedoxVaricent Incentive Compensation Management
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10

No answers on this topic

Medium-sized Companies
Cube
Cube
Score 9.1 out of 10
Everstage
Everstage
Score 9.5 out of 10
Enterprises
Anaplan
Anaplan
Score 8.8 out of 10
Everstage
Everstage
Score 9.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
JedoxVaricent Incentive Compensation Management
Likelihood to Recommend
9.0
(8 ratings)
8.4
(47 ratings)
Likelihood to Renew
9.0
(3 ratings)
9.9
(14 ratings)
Usability
9.0
(2 ratings)
8.8
(39 ratings)
Availability
8.0
(2 ratings)
5.2
(3 ratings)
Performance
7.0
(2 ratings)
5.8
(3 ratings)
Support Rating
9.0
(3 ratings)
6.8
(6 ratings)
In-Person Training
-
(0 ratings)
7.7
(2 ratings)
Online Training
8.0
(1 ratings)
7.7
(2 ratings)
Implementation Rating
9.0
(2 ratings)
6.8
(6 ratings)
Configurability
9.0
(2 ratings)
5.2
(3 ratings)
Ease of integration
9.0
(1 ratings)
4.3
(3 ratings)
Product Scalability
4.0
(2 ratings)
7.7
(38 ratings)
Vendor post-sale
10.0
(1 ratings)
5.9
(3 ratings)
Vendor pre-sale
10.0
(1 ratings)
5.9
(3 ratings)
User Testimonials
JedoxVaricent Incentive Compensation Management
Likelihood to Recommend
Jedox AG
Best suited for financial consolidation and / or as a highly customized and compact EPM / BI solution (up to 100 CCU) with individual workflows, planning and reporting functionalities, with moderate number of users (no restrictions for any industry, all industries are covered well). It also has advanced reporting & data analysis requirements and provides an integration and reporting layer of imported data from different external systems (via ETL). It can help with migrating your legacy Excel-based business models to the Web. It is not well suited for Enterprise BI applications with expecting >500 CCU (users at the same time working with the system) - this may cause serious performance issues, as all data is kept in RAM. Jedox is also less suited for applications with heavy document management requirements (document management is not an out of the box functionality in Jedox and rather requires custom development through custom widgets etc.).
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Varicent
Varicent is well suited across all the domains (Finance, Insurance, Hi-Tech etc.) for sales incentive calculation. It can tackle the difficult scenarios/conditions provided by the client. This tool may not or should not be used in incentive forecasting. It's not a planning tool. Small scenario modeling can be done here but not on a large scale.
Read full review
Pros
Jedox AG
  • Using the Excel add-in means that our team was almost instantly productive, being able to use a familiar interface to present and manipulate data.
  • Allows us to quickly do analysis and comparison of current and historic data.
  • Really good to produce meaningful management reporting that can be adapted responsively to business requirements.
  • Implementing Jedox in our budget cycle dramatically reduced the time and complexity of the process, while making it more transparent.
Read full review
Varicent
  • 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
Read full review
Cons
Jedox AG
  • Diversity. Jedox can be applied to many different use cases from small to large deployments and from budgeting to enterprise class BI solutions. But rarely is one tool able to fulfill all of these requirements in one organisation. This value proposition can be complicated for prospective users.
  • Awareness. Jedox punches above its weight in capability and scalability, but not enough people have heard about it and therefore procurement processes can be drawn out as a result.
Read full review
Varicent
  • 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).
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Likelihood to Renew
Jedox AG
For a period of 5 years all our customers using Jedox have renewed their licenses.
Read full review
Varicent
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.
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Usability
Jedox AG
To me Jedox deserves 10/10 because it is a consistent one-in-all platform with a modern look and feel. It is intuitive to use and allows you to make intuitive applications integrating traditional business intelligence with performance management functionality. It certainly has a short
learning curve, especially for those that are familiar with MS Excel. An example: I've lost count but Jedox it is available in more than 25 languages. Another: Jedox does not require programming skills... it is developed to be used by the business.
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Varicent
It was extremely difficult to create reports. We had to download data and create them in other applications. This was very limiting and required a great deal of time and effort. Drag and drop functionality is needed so we can self serve in the product.
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Reliability and Availability
Jedox AG
Jedox has
very few bugs. Reports are available through an Excel add-in, the web and/or
mobile device (IOS/Android). In my opinion, availability also means high
performance, not having to wait for the system to give you the required reports,
analysis, dashboards instantly.
Read full review
Varicent
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.
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Performance
Jedox AG
Jedox is the fastest OLAP tool on the market. It can use GPU cards to increase performance even more
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Varicent
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.
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Support Rating
Jedox AG
Jedox support in general is a professional and fast responding team. An easy-to-use ticketing system is in place. Bug-related questions are solved fast (responses come usually in a few hours after the question), but some questions / tickets, that are not Jedox-related bugs (for example some advanced questions about Jedox functionality), may be forwarded to Application Management team for further processing and then it may take several days or even weeks to get a response here -> there is room for improvement here.
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Varicent
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.
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In-Person Training
Jedox AG
No answers on this topic
Varicent
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.
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Online Training
Jedox AG
No answers on this topic
Varicent
There is a learning portal with many videos about navigation, creating reports and managing your model.
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Implementation Rating
Jedox AG
The implementation of SSO, SAML Authentication, HTTPS, Server splitting (Frontend / Backend servers) could be more standardized and made more user friendly to set up (e.g. via setup guide). Otherwise the implementation of Jedox is quick and simple when compared to other similar technologies.
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Varicent
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.
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Alternatives Considered
Jedox AG
Calumo is similar product to Jedox. I have used it extensively in my previous role. It was a major contender when we evaluated a BI platform for NIDA. Calumo is a great product as well and it was a very close call. Where we found Jedox to be a better fit for NIDA was the ability to prepare dynamic reports with ease without the need to learn MDX which was used extensively by Calumo to make dynamic reports which expand or shrink based on the underlying data. Another major benefit we saw in Jedox was the whole ETL process could be managed within Jedox instead of doing it in SQL server which negates having a dedicated SQL specialist role when the scale expands.
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Varicent
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.
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Scalability
Jedox AG
Scalability is often another word for speed. Given enough data, enough users or enough calculations, the tool becomes slower and slower. You will find that Jedox has a very high performance that can even be increased by the use of grafical cards. Other thaen that it does not only offer BI (looking back based on historical ERP data) but also allows you to look forward through integrated budgetting, planning, forecasting, workflow and collaboration. Not easy to find a tool that can support so much business functionality. So, also pretty scalable in that respect.
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Varicent
Varicent Incentive Compensation Management is a tool that allows [users] to implement the specific rules applying to the business, [without] any technical constraints from the tool. The reports would, however, need to be a little bit less rigid and add more controls regarding what has been entered by users.
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Return on Investment
Jedox AG
  • Financial budgeting and Forecasting are done in a centralized fashion in Jedox now instead of a decentralized excel based approach. A lot of cost savings and improved reliability
  • Easy to use self-help Dashboards and detailed reports
  • Web-based reporting instead of excel based
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Varicent
  • 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.
Read full review
ScreenShots

Jedox Screenshots

Screenshot of Management Dashboard with Google Maps WidgetScreenshot of ABC Analysis (Procurement)Screenshot of Executive Sales ReviewScreenshot of Finance DashboardScreenshot of Sales DashboardScreenshot of Start

Varicent Incentive Compensation Management Screenshots

Screenshot of Varicent providing clarity and transparency to sellers, helping them to find answers faster and have confidence in compensation plans.Screenshot of Tools for sellers that help them align strategic initiatives, and that help them understand which deals will help them win.Screenshot of Varicent ICM model compensation plans that display the financial impact of changes. Its ability to more accurately forecast commission payouts with “what-if” assumptions, users can budget more effectively for sales compensation costs, manage target total compensation for sales representatives and assess plan effectiveness.Screenshot of Shareable information sent to the right people to drive the right results.