In Partnership With SelectHub
What is Varicent Incentive Compensation Management (ICM)?
Varicent Incentive Compensation Management (ICM) removes friction from the compensation process, accelerates the ability to make plan changes and adopt new strategies, and enables new insights to outdo previous performance. Varicent enables businesses to continually refine and improve their sales strategies - from plan, operate, pay, and insights - to maximize revenues. Varicent ICM can help you remove friction from the sales compensation process, improve incentive calculation, adapt your sales strategy to shifting business priorities, and enable your compensation admins.
Company Details
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In Partnership With SelectHub
Varicent Incentive Compensation Management (ICM) Ratings
Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard
to access more information on Varicent Incentive Compensation Management (ICM).
86 Likeliness to Recommend
100 Plan to Renew
80 Satisfaction of Cost Relative to Value
Emotional Footprint Overview
+94 Net Emotional Footprint
The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.
How much do users love Varicent Incentive Compensation Management (ICM)?
Pros
- Helps Innovate
- Reliable
- Enables Productivity
- Trustworthy
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Commissions Management
Incentive Dashboards
Multi Currency
Adjustments & Clawbacks
Data Integration
Collaboration
Regulatory Compliance and Audit
Incentive Plan Designer
Reporting and Analytics
Pre-Built Incentive Plans
Vendor Capability Ratings
Vendor Support
Business Value Created
Ease of Customization
Product Strategy and Rate of Improvement
Ease of Implementation
Quality of Features
Usability and Intuitiveness
Breadth of Features
Availability and Quality of Training
Ease of Data Integration
Ease of IT Administration
Varicent Incentive Compensation Management (ICM) Reviews
Laura G.
- Role: Sales Marketing
- Industry: Media
- Involvement: End User of Application
Submitted Apr 2024
Good program for managing sales performance.
Likeliness to Recommend
What differentiates Varicent Incentive Compensation Management (ICM) from other similar products?
It stands out from the competition thanks to its user-friendliness, responsive customer support, and straightforward integration options for both manual and automatic incoming and departing data flows.
What is your favorite aspect of this product?
Varicent has wonderful, easy-to-work-with staff that listens to consumers. They routinely provide software updates depending on client requests. Varicent delivers training, workshops, and a network to support your company's customized solutions.
What do you dislike most about this product?
There is a significant learning curve to use their Incentives solution, which is peculiar to my experience with them. Doing everything in-house requires a solid grasp of data joining and coding, which becomes much more important when dealing with sophisticated models and business needs.
What recommendations would you give to someone considering this product?
Thanks to the program's dedicated and well-informed support staff, I have no hesitation in recommending it.
Pros
- Reliable
- Trustworthy
- Efficient Service
- Effective Service
Please tell us why you think this review should be flagged.
Kanika S.
- Role: Sales Marketing
- Industry: Telecommunications
- Involvement: IT Leader or Manager
Submitted Jun 2023
Good features and user friendly interface
Likeliness to Recommend
What differentiates Varicent Incentive Compensation Management (ICM) from other similar products?
It's features and pricing
What is your favorite aspect of this product?
User friendly interface
What do you dislike most about this product?
Nothing as of now
What recommendations would you give to someone considering this product?
Easy to use and best features
Pros
- Helps Innovate
- Continually Improving Product
- Efficient Service
- Appreciates Incumbent Status
Please tell us why you think this review should be flagged.
Sagar K.
- Role: Information Technology
- Industry: Manufacturing
- Involvement: IT Leader or Manager
Submitted Jun 2023
Nice product but not unique
Likeliness to Recommend
What differentiates Varicent Incentive Compensation Management (ICM) from other similar products?
It doesnt require you to code a lot to get a working compensation model going, but its not unique. There are number of other tools in the market that does the same thing. You just have to figure out, what works best for you.
What is your favorite aspect of this product?
Ease of build
What do you dislike most about this product?
It has limitation on things you can do.
What recommendations would you give to someone considering this product?
Define your end to end use case, this will help you evaluate if this is the right product for you or not.
Pros
- Trustworthy
- Efficient Service
- Caring
- Respectful
Cons
- Slower Product Innovation
Please tell us why you think this review should be flagged.
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