Iconixx enables organizations to increase sales productivity and improve overall profitability by automating, analyzing and optimizing commission and incentive processes with flexibility and ease. It’s imperative to deliver a sales performance management experience to empower sales leadership with data to plan – design – and execute against corporate sales goals. We deliver all of that with a team consistently ranked highest in Customer Satisfaction.
Iconixx Incentive™ is a cloud based compensation management software application (SaaS) that simplifies incentive compensation management for your business. Easily create and manage: discretionary pool bonuses, MBOs, rewards and non cash payouts, promotions, and other complex bonus structures.
– Increase Accuracy of Payouts
– Real-Time Visibility for Employees and Executives
– Establish a Culture that Rewards Performance
– Insights into the Impact of Incentive Compensation Adjustments
– Integrated Internal Workflow
– Bonus Worksheet and Management Approvals
– Forecasting and Accrual Budgeting
– Reporting and Analytics
Iconixx is a sales performance management solution designed to help businesses in retail, life sciences, insurance, healthcare, manufacturing and other industries plan, set up and track compensations, commissions, salaries and incentives for individuals, teams and the organization. It offers dashboards, which lets professionals across multiple job roles gain insights into cost trends, return on investments (ROI), goals, anomalies and quota attainment levels, among other metrics. Iconixx supports multiple combinations of pay components, aggregations, calculations, rules and sequences. It allows businesses to define sales territories across characteristics including geography, product and account, add monthly or quarterly bonuses to motivate employees and forecast payout amounts from within a unified platform. Additionally, administrators can set up or maintain groups, email notifications, custom approval hierarchies, statuses and file attachments according to requirements. Using Iconixx, supervisors can also review plans before releasing, create ad hoc reports and assign sales representatives to multiple quotas. Pricing is available on request and support is extended via phone, email and other online measures.
What do you like best about Iconixx Incentive?
Iconixx Incentive makes it easy to efficiently and clearly create and manage complex structures for discretionary pool bonuses, management-by-objective rewards, and non-cash payouts and promotions.
I like the ease with which the compensation calculation systems can be built and since the system gives a pre-designed structure that enables better design principles to be effectively applied.
This software helps me manage my campaigns better, keeping track of incentive-rate accuracy
The two best things thing about this product were its design principles and its streamlining process
What do you dislike about Iconixx Incentive?
It isn’t going to provide solutions to every issue you have, but almost everything you’d like to see improvements upon is available to be customized.
Currently, I don’t have any cons to list involving Iconic Incentive. I find it very user-friendly and easy to use. It’s exceptionally secure and easy to see why it persistently receives top-ratings.
The only thing that I believe could be better done is that we have the administrative url to be different from the url being exposed to payees for security reasons.
The fact that i need to work on multiple programs at once to perform analytics while working with Iconixx
What problems is Iconixx Incentive solving and how is that benefiting you?
Basically it came down to simplifying certain business functions and processes and take away the manual processes we become accustomed to.
I’ve eliminated the need for manual calculations, simplified complex bonus structures, discretionary, and variable incentive plans. The calculation creation process is easy and intuitive, applying modular, reusable elements.
We are solving the issue related to paying sales personnel incentive based on which the company’s performance revenue targets are met. The Iconixx Incentive management tool has been a bedrock of the implementations since it allows for the organization to look at various factors influencing the payee performance along with serving as a platform to calculate the incentive that needs to be paid to sales reps.
Features
Agency Commission
Audit Management
Commission Calculator
Commission Scheduling
Compliance Management
Flat Commissions
Percentage Commissions
Sliding Scale Commissions
Split Commissions
LIKES
What stands out the most is its powerful calculation system, allowing sales commissions to be more precise and there are no failures when delivering incentives to professionals, as well as an excellent sales planning tool for professionals while they have the guarantee that the effort will be taken …
DISLIKES
Support system lags high timelimited data models for data presentationadvanced data analysis very difficult
Iconixx Incentive has not provided pricing information for this product or service. This is common practice for software sellers and service providers. Contact Iconixx Incentive to obtain current pricing.
