Adaptability to Existing Business Processes, Monthly Accruals and Proration logic key to this $3 billion Health Care Provider
Iconixx Software Corporation, a leader in cloud based Sales Performance 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 Performance 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.
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