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Must have product for a simple sales structure and long term goals
Updated October 26, 2021

Must have product for a simple sales structure and long term goals

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Varicent Incentive Compensation Management

We pay our advisors using this tool. It helps us run a successful compensation payroll cycle.
  • Locking data of previous comp runs
  • Scheduler jobs
  • Auditing
  • Workflow processing
  • Good user interface
  • Hard to build complex queries with locked functions.
  • Hard to integrate with other solutions because of lack of API interface.
  • Hard to design data base model since its not a relational database.
  • Fewer manual errors.
  • Automation has increased.
  • Data integrity is maintained for long term audit requirements.
Users find it easy to use and understand.
A couple of times we need to back up an environment database and then restore it to another environment. Varicent provided full support during this process.
I particularly find it hard to scale because tables that have locked data cannot be modified which provides less scalability and reusability.
We have only used internally developed products but its very hard to keep products up to date with new tech coming in the market

Do you think Varicent delivers good value for the price?

Yes

Are you happy with Varicent's feature set?

Yes

Did Varicent live up to sales and marketing promises?

Yes

Did implementation of Varicent go as expected?

Yes

Would you buy Varicent again?

Yes

If a company has a lot of changes in its sales structure every year then I would not recommend this product but if the sales structure is pretty much the same with each year then this is a viable and easy-to-code solution.

Varicent Feature Ratings

Sales ICM
6.5
Sales compensation plan creation
5
Complex sales crediting
6
Sales compensation process automation
6
Incentive auditing/regulation compliance
8
Sales compensation dashboards & forecasting
8
Incentive modeling
7
Agile incentive strategy
6
ICM mobile visibility
6

Using Varicent Incentive Compensation Management

2 - compensation specialist
1 - developer
  • compensation
  • pay cycle
  • batch jobs
  • audit trails
  • calculations
  • data store
  • analysis
satisfactory product for the purpose

Evaluating Varicent Incentive Compensation Management and Competitors

  • Product Features
  • Product Usability
Business user should evaluate

Varicent Incentive Compensation Management Implementation

third party vendor hard coded lot of things instead of keeping it dynamic
  • Third-party professional services
intangent
Change management was a big part of the implementation and was well-handled
  • year end processes integration

Varicent Incentive Compensation Management Training

Configuring Varicent Incentive Compensation Management

its complex
provide way to directly write sql
No - we have not done any customization to the interface
No - we have not done any custom code

Varicent Incentive Compensation Management Support

quick response time
ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None

Using Varicent Incentive Compensation Management

ProsCons
Like to use
Relatively simple
Easy to use
Well integrated
Consistent
Feel confident using
Requires technical support
Lots to learn
  • search
  • scheduler config

Varicent Incentive Compensation Management Reliability

very less down time and planned maintenance
good performance overall

Integrating Varicent Incentive Compensation Management

Relationship with Varicent

Upgrading Varicent Incentive Compensation Management