Automate, simplify and unify incentive plans for your pinnacle performers
Incentive Compensation Management allows for automation in the administration, calculation, reporting, and analysis of variable-based pay programs. Oracle Incentive Compensation (OIC) is able to manage the complexity of these incentive programs with greater agility and lower TCO while maintaining necessary financial and process controls. OIC can reduce 90% of commission over payments representing 5-8% of your total commission expense annually.
Features & Benefits
Perform Multicurrency calculation
Track seasonality, currency fluctuations
Perform what if analysis for maximum payout
Increase financial control and compliance
Scorecard for identifying top performers and determining coaching needs
Predesigned templates and reports for various incentive compensation models
What we offer
Design, configure and what-if analysis
Modelling, design, administration and analysis of incentive compensation programs ranging from hundreds to thousands of direct or indirect sales professionals.
Migration from home grown legacy systems or spreadsheets
Compensation programs run on a number of rigid home grown legacy systems or spreadsheets which are responsible for managing the complexity of the incentive programs with greater agility and lower the total cost of ownership (TCO).
Seamless integration with peripheral systems including HRMS, Payroll, CRM, Order Management, Quote solutions, Finance and ERP.
Dashboard and Analytics for Incentive Compensation
Configuration of the personalized dashboards and analytics for Incentive Compensation.