Iconixx saved an iconic amount of time
July 12, 2017

Iconixx saved an iconic amount of time

Candice Kirk, MBA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Iconixx Sales

Iconixx is currently in use by the bank and I am assisting (at the request of the bank's president, due to my having already been through the implementation process with Iconixx) another area of the firm in transitioning their compensation calculation and reporting to Iconixx. The use of Iconixx has reduced the amount of time spent on monthly and quarterly compensation calculations for 19 payees, with 2 products and several plans. It has also reduced human error and the use of Excel to do the work and create reporting manually. First and foremost, it has given us a single platform for the payees as well as management to track their progress month by month and view their comp history.
  • The project managers are very knowledgeable and helpful.
  • The system has many great uses (some we aren't even using as yet).
  • The programmers seem to anticipate what you are going to ask for.
  • The support request process is a little tedious (although effective).
  • The layout of the system is not difficult but takes some getting used to.
  • The training could be more often and lower priced. Maybe a web training instead.
  • The use of Iconixx has allowed for time to work on multiple new projects to improve efficiencies.
  • Time saved monthly with Iconixx = approximately 7 hours. This is nearly a full day of pay saved/distributed to other tasks.
In situations/comp plans, where there are tiered goals and limitations, Iconixx is great at being able to build in the 'if' statements to handle and read those instances from the data. On the other hand, if you have a program where there are regular changes to a plan, it is a new project ticket to get major changes such as updating the calculation formulas, so Iconixx may not be for you. Small changes like a rate or threshold as well as adding/changing a payee are fairly simple and can quickly be completed by the company admin/user.

Iconixx Sales Feature Ratings

Sales compensation plan creation
Not Rated
Complex sales crediting
10
Sales compensation process automation
10
Incentive auditing/regulation compliance
10
Sales compensation dashboards & forecasting
10
Incentive modeling
Not Rated
Agile incentive strategy
Not Rated