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Iconixx Continues to Streamline Incentive Compensation Management With Latest Product Release

By July 17, 2013January 16th, 2023No Comments

July 9, 2013 (Austin, Texas) – Iconixx, the industry thought leader and provider of incentive compensation management (ICM) solutions, announced today the availability of IconixxTM 5.4, the latest version of its flagship, all-in-one solution for effective and efficient management of incentive compensation across the workforce.

At Iconixx, we continue to refine and enhance our solution so companies can benefit from our deep understanding of the best practice approach to incentive compensation management,” said Bruce Jackson, CEO, Iconixx. “We are very excited about Iconixx 5.4; our 3 modules provide users with a complete, all-in-one solution that is highly configurable and user-friendly.

Iconixx 5.4 is comprised of three modules: Iconixx Sales™: An organic solution that makes it simple to design, build, and manage complex sales compensation plans. Iconixx Incentive™: Complex bonus, discretionary, MBOs, and variable incentive plans are made simple and manageable. Iconixx Merit™: Complex Salary, Merit, Promotion, and Increase Guides are easy to design, create and manage.

Incentive Compensation Management Enhancements

Building on the power of its prior version, Iconixx 5.4 offers considerable incentive compensation enhancements to help customers realize their full ICM potential.

  • Improved data integration provides usability enhancements to simplify integration with external systems as well as new user interfaces that support guided configuration.
  • An enhanced approval workflow allows users to be designated for interaction (edit, approve, reject, etc.) at any stage of the process.
  • Territory Management enhancements to support multi-level territories and customers with more than 500,000 assignments.

Iconixx offers a highly configurable and scalable solution with full functionality for enterprise, mid and small markets alike,” said Jackson. “This latest version of our Cloud-based solution takes these benefits to the next level with even more robust reporting, modeling and real-time insights.

The Iconixx Suite will empower companies to leverage their pay-for-performance programs to their best business advantage. Iconixx combines best practices for incentive compensation with features that can be configured to a customer’s unique operational requirements. About Iconixx Iconixx, a global pioneer in Incentive Compensation Management, delivers innovative solutions for companies of all sizes, across verticals and around the world. Drawing on its substantial tenure and vast knowledge capital in ICM best practices, Iconixx enhances efficiencies, improves visibility and drives workforce performance, across the organization. The Iconixx suite of solutions provides holistic support in a flexible manner to save money, eliminate errors and streamlines processes to drive business results and ensure client success. For more information about Iconixx visit

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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.