Item: Varicent
Rating: 8
Author: Andreea Beutel

Overall Satisfaction with Varicent Incentive Compensation Management

Use Cases and Deployment Scope

Varicent Incentive Compensation Management is used across the company to calculate Sales Incentives, non-Sales Incentives and to administer the yearly merit/ salary review process.

Pros and Cons

Pros

It is very useful when you have complex data and incentive rules.
Has a high degree of flexibility in table and calculation building.
Has a robust audit trail.

Cons

The standard presenter reports need some work, especially on the visualization part.
Workflow functionality and navigation are still a bit cumbersome for users.
The application needs some ramp-up time for new administrators due to the high volume of tables and interdependencies.

Return on Investment

We have achieved increased transparency in sales and STI incentive calculation.
And a stronger process for auditing purposes.
We are only in year 3 so cannot comment on ease of administration yet.

The many tables and interdependencies offer [a] lot of flexibility but also make it hard for onboarding new administrators. Good training documentation and stable incentive plans would help with that, but we had [a] significant change in plans every year so not yet able to see that scenario play out.

Exceptional Examples of Varicent Support

I have used the Varicent Enablement Program and I found it very useful and informative. Totally recommend it.

Scalability

I think it is flexible for many and different incentive plan designs.

Alternatives Considered

N/A

Likelihood to Recommend

If you have complex data and complex incentive plans Varicent Incentive Compensation Management will help you make sense of that and with time give you a robust tool to use.

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