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Varicent

Varicent

Overview

What is Varicent?

From quotas to sales and compensation, Varicent helps revenue leaders in enterprise organizations chart a more effective, connected path to revenue by providing vital data, insights, and sales go-to-market planning tools.

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Recent Reviews

Varicent's masterpiece

9 out of 10
February 16, 2024
Incentivized
Varicent SPM is used for incentive compensation management for real estate line of business and solves for the problem of complex business …
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Making work easy.

9 out of 10
February 15, 2024
Incentivized
The upside of Varicent is its ease of implementation and ability to draw results instantly without publishing the calculations every time. …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 8 features
  • Complex sales crediting (48)
    7.5
    75%
  • Sales compensation process automation (52)
    7.3
    73%
  • Sales compensation plan creation (48)
    7.3
    73%
  • Sales compensation dashboards & forecasting (47)
    6.6
    66%

Reviewer Pros & Cons

View all pros & cons
MB
Muneeb Baig
Analyst
TD Bank (Banking, 5001-10,000 employees)
Verified User
Program Manager in Information Technology
Financial Services Company, 10,001+ employees
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Pricing

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Varicent

Varicent

N/A
Unavailable

What is Varicent?

From quotas to sales and compensation, Varicent helps revenue leaders in enterprise organizations chart a more effective, connected path to revenue by providing vital data, insights, and sales go-to-market planning tools.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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22 people also want pricing

Alternatives Pricing

Visdum

Visdum

$35
per month per user
What is Visdum?

Visdum is a Sales Compensation System built to help companies manage and optimize sales incentives, to produce a motivated sales team. Visdum is a no-code SaaS platform that allows companies to design and automate any compensation plan, with the flexibility to add SPIFFs, Bonuses, and Kickers.…

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Product Demos

Interactive Product Tours of Varicent Solutions | Varicent

www.varicent.com
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Features

Sales ICM

Features around incentive compensation management for sales

6.8
Avg 7.7
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Product Details

What is Varicent?

Varicent is a SaaS company that helps businesses fuel growth. Its suite of solutions support a company’s revenue journey, from results-driven planning and predictability to growth. Varicent helps companies worldwide to set smarter goals and territories to maximize revenue potential. Varicent enables teams with AI-driven insights to make better decisions and outdo previous performance, and to create incentive strategies that motivate the right behaviors to achieve revenue goals. To learn more about Varicent, visit www.Varicent.com.

Varicent, Varicent and design, and Symon are trademarks or registered trademarks of Varicent in the USA, Canada, and other countries.




Varicent Features

Sales ICM Features

  • Supported: Sales compensation plan creation
  • Supported: Complex sales crediting
  • Supported: Sales compensation process automation
  • Supported: Incentive auditing/regulation compliance
  • Supported: Sales compensation dashboards & forecasting
  • Supported: Incentive modeling
  • Supported: Agile incentive strategy
  • Supported: ICM mobile visibility

Additional Features

  • Supported: Incentive plan management
  • Supported: Sales events and eligibility management
  • Supported: Modeling
  • Supported: Assignments
  • Supported: Data integration
  • Supported: Dashboards and reporting
  • Supported: Post pay management
  • Supported: Workflows
  • Supported: Analytics
  • Supported: Pay data integration

Varicent 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.

Varicent Video

With a huge IT landscape that was continually changing, KPN needed a flexible incentive compensation solution that could help them prepare for the future. Since adopting Varicent Incentives, KPN has been able to reduce calculation time from 28 hours to 45 minutes. Working with...
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Varicent Integrations

Varicent Competitors

Varicent Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Linux, Mac
Mobile ApplicationApple iOS, Android, Windows Phone, Mobile Web
Supported CountriesGlobal
Supported LanguagesChinese-simplified, Chinese-traditional, Dutch, English, French, German, Japanese, Italian, Korean, Portuguese (Brazil), Spanish, Swedish, Turkish, Polish

Frequently Asked Questions

From quotas to sales and compensation, Varicent helps revenue leaders in enterprise organizations chart a more effective, connected path to revenue by providing vital data, insights, and sales go-to-market planning tools.

Anaplan, CaptivateIQ, and SAP Sales Cloud are common alternatives for Varicent.

Reviewers rate Complex sales crediting highest, with a score of 7.5.

The most common users of Varicent are from Enterprises (1,001+ employees).
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Comparisons

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Reviews and Ratings

(124)

Attribute Ratings

Reviews

(1-25 of 59)
Companies can't remove reviews or game the system. Here's why
February 20, 2024

Varicent ICM.

MB
Muneeb Baig
Analyst
TD Bank (Banking, 5001-10,000 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Usability
7
The tool is easy and straightforward to use. It does not require a high level of IT knowledge to build logic in it. However, due to limitations in customization, such as objects in reports, we had to sacrifice certain designs.
February 15, 2024

Varicent - Sales Performance Management.

Noel Dsouza | TrustRadius Reviewer
Noel Dsouza
Product Group QE LEad
TD Canada Trust (Financial Services, 10,001+ employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Usability
9
I have been using Varicent for about 2+ years now. The overall usability is really good. The Ease of Use color combinations are eye-catching and make the user experience smooth. The reason for not giving a 10 point is that my organization stresses more on the accessibility standard, and we haven't reached that standard yet.
February 15, 2024

ICM Review

AW
Ashan Wickramasinha
QE LEAD
TD Bank (Banking, 10,001+ employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Usability
10
It is very user-friendly; Comp Admins have an easy way to figure out when something goes wrong. Our End users(Mortgage Specialists) experience is great for their reporting. Ease of Development of Calculations and the ease of Testing. These are all examples of why I gave a high rating for Varicent.
January 26, 2024

Decent Partner in the ICM Space

Verified User
Team Lead in Finance and Accounting
Computer Software Company, 1001-5000 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Usability
7
Portal is user-friendly, but back end is more difficult to administer. There are multiple "spaghetti-like" paths that really require programming expertise to decipher, follow, and understand properly. Making even minor changes to one component can have detrimental downstream effects that cannot be easily diagnosed or resolved without system expertise that is not readily available internally.
January 19, 2024

Flexible but use it for what it is designed to do!

Verified User
Manager in Information Technology
Financial Services Company, 10,001+ employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Usability
5
Any calculations can be implemented as there are hardly any limitations on complexity. However, online real-time usability is lacking - a simple user enters, and the system calculates work in a way that it is in the browser and hence still needs overnight to be properly reflected in the batch calculations and backend tables.
January 18, 2024

Successful 10 year partnership with Varicent

Peter Motelson | TrustRadius Reviewer
Peter Motelson
Manager Sales Incentive Systems
Quest Diagnostics (Hospital & Health Care, 10,001+ employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Usability
8
Varicent has invested heavily in usability in both the back end and in reporting and web features for the end user. The reporting platform is updated and enhanced at least quarterly, with new reporting elements introduced frequently into the product. Back end usability is also good. Like any piece of enterprise software there is a learning curve, but most modules are intuitive and user friendly.
January 16, 2024

Good data in, good payroll out.

Verified User
Analyst in Corporate
Medical Device Company, 10,001+ employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Usability
10
We have fewer tables to update to implement new compensation plans, making setup much faster and more accurate. This makes it much easier to audit as well. We use Process Lists to create a 'how to' so that newer Comp Admins can get up to speed much faster. This has been one of the most valuable features!
January 16, 2024

Varicent not worth the expense or hassle

Verified User
Manager in Corporate
Mechanical Or Industrial Engineering Company, 1001-5000 employees
Score 1 out of 10
Vetted Review
Verified User
Incentivized
Usability
3
In my opinion, I feel because Varicent developers and implementation team lack all understanding of the fundamentals of database design and development, it is nearly impossible to navigate table and calculations much less calculation flow in order to problem solve. In my experience, there is zero documentation provided. Online help and support is nothing but marketing and sales for products.
January 15, 2024

Overall Varicent Satisfaction

LR
Luis Ruiz
Business Analyst
Raymond James (Financial Services, 1001-5000 employees)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Usability
8
It is very easy to use Varicent, the GUI is extremely clear and allows any user to understand the provided information. Navigating the system is done with ease as transitioning screens are quick and responsive. Varicent allows me to troubleshoot without any hassle or concern, depending on the issue. If it is something that requires an additional ticket, it is very easy to do so with their technical support
January 15, 2024

Good Value Incentive Compensation System, Highly Customizable!

Verified User
Analyst in Human Resources
Staffing & Recruiting Company, 10,001+ employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Usability
9
Personally, I have found Varicent easy to use. I am not a systems admin, but I am a daily user who helps build plans and manage payees. Given the parameters designed by the systems team, I have few complaints about Varicent's usability.
January 15, 2024

Varicent Review: Analyst

Verified User
Analyst in Information Technology
Financial Services Company, 1001-5000 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Usability
8
It is very flexible and can adapt to any of our business rules needed for compensation. It is an all-in-one solution for calculations, reporting, and workflows. On the backend, configuring and managing the tool is also relatively straightforward and makes it a tool many of our admins can pick up and use effectively.
January 15, 2024

Varicent Boon or Bane?

Verified User
Account Manager in Professional Services
Information Technology & Services Company, 10,001+ employees
Score 5 out of 10
Vetted Review
Verified User
Incentivized
Usability
5
Compared with previous tools, I see Varicent has its own pros and cons. But I will rate it as 5 which is in the middle of worst and best rating.
January 14, 2024

Varicent Does the Job, and Does it Well

Verified User
Engineer in Engineering
Financial Services Company, 10,001+ employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Usability
7
I give it a 7 because it does what it is intended to. However, I find it difficult to use the UI sometimes as there are nested items that are difficult to find. They also do not have a great search tool. Once you get the hang of Varicent, it is a great product, but there is a lot of learning curve at the beginning.
May 01, 2023

Varicent is good!

Verified User
Account Manager in Information Technology
Financial Services Company, 11-50 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Usability
10
Is a user-friendly and intuitive software solution. It offers a range of features and functionalities aimed at simplifying the management and calculation of incentive compensation.
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