Varicent ICM.
We use it for calculating compensation payments & performance, creating dashboards & reports, and creating workflows and business …
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.
Recent Reviews
Awards
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Popular Features
- Complex sales crediting (48)7.575%
- Sales compensation process automation (52)7.373%
- Sales compensation plan creation (48)7.373%
- Sales compensation dashboards & forecasting (47)6.666%
Reviewer Pros & Cons
Pricing
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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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Alternatives Pricing
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.…
Product Demos
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Product Details
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- Integrations
- Competitors
- Tech Details
- FAQs
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
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...
Show More Varicent Integrations
- Salesforce Sales Cloud
- ERP
- CRM
- HCM
- Point-of-sale
Varicent Competitors
Varicent Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Linux, Mac |
| Mobile Application | Apple iOS, Android, Windows Phone, Mobile Web |
| Supported Countries | Global |
| Supported Languages | Chinese-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.
Reviewers rate Complex sales crediting highest, with a score of 7.5.
The most common users of Varicent are from Enterprises (1,001+ employees).
Comparisons
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Reviews and Ratings
(124)Attribute Ratings
Reviews
(1-11 of 11)Companies can't remove reviews or game the system. Here's why
January 15, 2024
Varicent Boon or Bane?
20
Basic incentive knowledge and little bit of system knowledge
5
Technical Accountants who calculate bonuses
November 02, 2021
Data Transparency
2
from the Commercial Excellence team, analytical, numerical and with experience in sales teams
November 01, 2021
Sales Performance Management -- Varicent
10
There is a good amalgamation of developers and testers who work on a regular basis to keep the show running for Varicent. There can be some plan changes or new enhancement requirement which needs to be implemented in an ad-hoc manner. The model developers and the report developers generally work on the requirements which are tested by the testers. The tool is easy to understand and developers can be trained in the tool very quickly. Basic knowledge of SQL queries and DB helps in learning this tool quicker but these are not mandatory as the tool is very easy to learn.
October 29, 2021
Varicent ICM works for us. Recommended!
3
A Commission Accountant and System Administrator ensure ICM is operating smoothly, with tables updated as required to complete the monthly commission cycle and that data inbounds, source systems and processes are clean and accurate. A Database Analyst is available to provide support in developing new calculations and optimisations as new plans and plan changes are introduced.
October 29, 2021
Great product without limits
Score 8 out of 10
Vetted Review
Verified User
7
People are mostly it persons, with engineering degree in computer science. They have data analysts skills and should be able to develop sql queries.
October 27, 2021
Powerfull, Flexible SPM environment, delivered by a passionate team of professionals
Score 9 out of 10
Vetted Review
Verified User
3
1 Super Admin and 2 Business Admins.
Skill level is standard excel and know how to navigate a website.
For innovation/development and looking for expanding the model you need a brain that is good at data modelling (what is the source data, what is the expected output and how do I get there)
Skill level is standard excel and know how to navigate a website.
For innovation/development and looking for expanding the model you need a brain that is good at data modelling (what is the source data, what is the expected output and how do I get there)
1
developer
Score 9 out of 10
Vetted Review
Verified User
2
•Undertake development tasks in Varicent
•Timely delivery of all enhancement / bug fix requests related to commission system on Varicent
•Work directly with business/end users to analyse and design solution for business requirements.
•Understanding business requirements and translating them into technical design (High level / Low Level), developing and implementing the technical solution thus designed, interacting and coordinating with necessary teams, and ensuring high quality delivery within the assigned timeframes.
•Develop and Test new plans configuration in Varicent
•Develop Test cases/scnearios to vet development logic
•Develop webforms/ presenter reports as per requirements
•Gain understanding on Sales commission processes(Sales Employee & Partner) and configure any changes in commission plan within Varicent.
•Support User Account Management (Creation/Changes)
•Engaging with Vendor for IR, Upgrades, and Various feature requests.
•Assessing /evaluating impact on Commission system arising out of any change in source/target system
Score 8 out of 10
Vetted Review
Verified User
March 12, 2014
Varicent, empowering the Sales Organization
Score 10 out of 10
Vetted Review
Verified User
3
These individuals should be the type of people that understand and are completely at home in systems. You can typically know how successfully a person will become with the technical side of the system by how proficient they are in tools like MS Excel. If they are capable of using complex formulas and use VBA scripting or have knowledge of SQL databases, they will pick up learning Varicent quite quickly.