Skip to main content
Iconixx News and Press Releases

Health Care Provider Renews Iconixx Sales Compensation Management System

By September 28, 2012January 16th, 2023No Comments

Health Care Provider Renews Iconixx Sales Compensation Management System

Adaptability to Existing Business Processes, Monthly Accruals and Proration logic key to this $3 billion Health Care Providers renewal of their sales compensation management system.

Austin, Texas
September 28, 2012
Iconixx Software Corporation, a leader in cloud based Sales Compensation Management and Incentive Compensation Management solutions, today announced one of America’s oldest and largest managed care providers with over $3 billion in annual revenue renewed its partnership with Iconixx Software with a three year contract extension. “Our commitment to innovative, intuitive incentive compensation management solutions combined with the reliability of our services has enabled us to earn and retain customer loyalty resulting in long term partnerships” said Derrik Deyhimi, CEO of Iconixx Software, “We greatly appreciate the trust our customers continue to put in our solutions and look forward to continuing to provide the highest level of service.” Iconixx Software’s Total Compensation Solution is a highly configurable Cloud-based solution that delivers reduced operational complexity, rapid deployment timeframes, and increased insight into operational performance through robust analytics and user-define dashboards. Providing the flexibility to adapt to even the most complex business processes, Iconixx Total Compensation Solution enables customers to reduce administrative overhead by as much as 75% without the need to change how they conduct their daily business. “Health care providers are facing a unique set of challenges as they work to reduce administrative costs in response to a changing regulatory and legislative environment” said Bruce Jackson, Iconixx’s President and COO, “Our solution directly addresses administrative burden, and the associated costs, through automation and workflow driven approval processes, monthly accrual processes, and quarterly payments that leverage proration logic.”
About Iconixx Software® Iconixx Total Compensation Software leverages the latest Cloud technologies, to deliver a consistent Sales Compensation Management and Incentive Compensation Management solution to customers – Small Business, Mid-Market, and Enterprise – on a single, organically developed solution with a native workflow engine, native territory management and pre-configured business rules and formulas library. Iconixx delivers value with: configurable, role-based dashboards; self-service analytical capabilities; improved compliance with a complete audit trail of every action; reduced administrative costs; reduced time-to-market for incentive compensation plan changes or new incentives; forecasts of total incentive compensation expenses based upon historical trends with seasonality factors; and, analysis of plan effectiveness with “what if” modeling/forecasting, including side-by-side comparisons of predicted results. The rich user interface enables users to easily manage complex, date effective territory and quota assignments, hierarchy definitions, and incentive plan assignments and the application’s accessibility on any mobile device allow users accessibility anytime, anywhere.
© 2012 Iconixx Software Corporation. All rights reserved. Iconixx Software, Iconixx Total Compensation Software and the Iconixx Software logo are registered trademarks or service marks of Iconixx Software Corporation in the United States and other countries. All other brand, service or product names are registered trademarks or service marks of their respective companies or owners.
### Press Contact: Carolyn Jenkins Iconixx Software (512) 651-3111 x701

Leave a Reply

Close Menu
Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

S3 Ventures

S3 Ventures is an early expansion and growth stage venture firm with $200 million under management. It’s focused on information technology solutions that solve large business problems. S3 also invests in medical devices that improve the human condition. S3 invests in category-defining opportunities. It partners with the team and help focus methodically on what it takes to build a successful company. S3 today helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a repeatable fashion. Investment sizes start at several million or more for Series A, B, and C financing.