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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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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 58)
Companies can't remove reviews or game the system. Here's why
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
Scalability
8
The Compensation management is scalable. We recently attended the RUG in Toronto. We were educated about the other tools and the connectivity of Varicent's tools with other products in the industry. For example, the ELT tool can import data from multiple tools available in the market - sales force, workdays, and DBs, to name a few.
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
Scalability
9
ICM is very flexible and scalable, we have had no major issues with the increasing amount of Mortgage Agents and Brokers that have joined the bank. We have not seen any major issues with the Performance of ICM due to this. We have had this system for nearly 6 years and no major issues related to performance.
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
Scalability
6
We can add virtually any number of payees and plans without compromising system efficiency. Scalability is not an issue, but flexibility is definitely an issue. When we changed from our initial implementation build to a new fiscal year, we require virtually a complete rebuild of the system even though there were only minor tweaks to our comp plan.
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
Scalability
5
We have about 50 compensation plans, and it takes a long time to implement each. So scale is impossible unless we can move faster with implementation, or it will take us 20 years. Online and offline performance is not likely to allow us to scale to the 100K users.
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
Scalability
8
It is a powerful and scalable product, capable of handling very large volumes of data and users. I refrain from giving it a 10 because with larger data volumes it does require some analysis and optimization to avoid long calculation time and/or report response time.
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
Scalability
9
It is impressive to create, analyze, and maintain Compensation data within Varicent. It allows admins and business SMEs to easily grasp the data and provide deep analysis and information on the advisor and or branches' request. Knowing that the software is backed up by an amazing support team, gives the business a sense of comfort knowing that any issue or out-of-the-ordinary request will be taken care of.
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
Scalability
7
It is very scalable and adaptable to changing complexities of calculations and business rules under a variety of different scenarios. It does not get full points because in large data loads the time needed to calculate and import the data increases exponentially and may cause issues related to timing potentially.
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
Scalability
7
The product has too many options to scale and also it offers a good amount of scalability as well if used properly.
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
Scalability
4
Product scalability is very difficult to do. I believe it has many components (databases, infrastructure etc) and could be more simplistic, technically speaking
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