Commission Calculation and Payments
Guarantee Accurate Commission Payments For Your Organization
Process
Compensation calculation process
Crediting and Calculation refers to a series of automatic steps that are initiated by either the user through the calculation page or as an automatic scheduled process. Initiating calculation typically involves determining the calculation period, as well as the calculation group, and triggering the compensation calculation process.
Crediting
The Crediting and Calculation Process
This step analyzes all compensation plan components and plans elements for changes since the last calculation run and generates proprietary memory objects for streamlined processing. After generating the plan configuration changes, the calculation goes into stages. During stage one, payees are assigned credits. Credits are assigned by one of four mechanisms
Direct Credit
The payee is directly assigned to the compensation event, usually by payee ID.
Indirect Credit
Determined via hierarchy in which a directly assigned payee reports to an indirectly assigned payee.
Territory Credit
Determined via a territory look-up in which the compensation event matches criteria in the territory table.
Team Credit
Determined for team members in which another team member has gotten credit via direct, indirect, or territory.
Transactions
Transaction availability
Transaction availability can vary from as frequently as nightly, to as seldom as annually. The Iconixx engine can process 100M+, transactions, 100’s of thousands of payees, millions of territories, multiple levels of hierarchies in a fraction of processing time. Transactions can represent many types of events such as
- Sales events like bookings, pre-order, and deal closes
- Financial events like invoicing or payment received
- Business events like the availability of month-end, quarter-end, and year-end financial information
- Work Tracking events like hours worked or units produced
- Management objective events like non-financial objective achievements and customer surveys
Common Transaction Scenarios
- Sales events like bookings, pre-order, and deal closes
- Financial events like invoicing or payment received
- Business events like the availability of month-end, quarter-end, and year-end financial information
- Work Tracking events like hours worked or units produced
- Management objective events like non-financial objective achievements and customer surveys
Support
Approval
Approvals are used to provide manual oversight to inputs into or results generated by the system. Inputs typically configured for approval are transactions and performance values. Results that are typically configured for approval are bonuses and credits. An example of an approval flow would provide a worksheet of credits to a payee’s manager in order that he might validate the data before further processing.
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Our average activation period is a mere 10 weeks, so you needn’t worry about excessive down time.