Iconixx Incentive produces visibility, increased speed to pay and eradicates error
Eliminate Manual Calculations
Iconixx Incentive compensation software allows simple, intuitive creation and management of bonus compensation plans, with these modular, reusable elements:
- Date effective hierarchies
- Titles and custom periods
- Custom groups and eligibility features
- Weighted pay elements, rules and formulas
- MBO's, rewards and non-cash payouts
- Discretionary pool management
Many individuals are involved in managing the critical process of compensation and communications/approvals between Sales Reps, Operations, Management, HR, and Executives. Iconixx Incentive delivers a cohesive workflow to automate, track, and document:
- Audit Trail: Leverage custom approval hierarchies, groups, email notifications, status, escalation, file attachments, etc.
- Hierarchies: Simply tailor functions to manage your approvals process
- Security: Integrate procedures with auditing and reporting to ensure Sarbanes-Oxley compliance
Scalability and Flexibility
Iconixx Incentive compensation software grows with your business delivering modular functionality for scheduled or full processing, in real-time. Iconixx customers are empowered to grow their business, without worry of calculation errors or communication tracking.
"What-If" Forecasts and Budgets
Iconixx Incentive enables simple creation, comparison and revisions to variable pay plans in a mode/ environment; enabling design analysis, review and potential adjustments prior to release.
- Queries and Estimates: Users may easily develop "What-If" models based on bonus elements to view potential payouts; incentivizing optimal bonus behavior
- Clear Payouts: Model changes or updates to incentives, or view side-by-side comparisons by individual, plan, team, or other combination
- Budgets: Create confident payout estimates and scenarios for accruals and finance
lconixx Incentive dashboard is flexible, simple, and secure; placing critical bonus information in one, easy-to-access system:
- Reports: Users may easily develop "What-If" models based on bonus elements to view potential payouts; incentivizing optimal bonus behavior
- Real Time: Model changes or updates to incentives, or view side-by-side comparisons by individual, plan, team, or other combination
- Workflow Inbox: Create confident payout estimates and scenarios for accruals and finance
Complex organizations require controlled and role-specific security. lconixx enables administrators to create and manage security roles, groups and permissions to refine user access, without dependency on IT or specialized technical programming experience.
Promptly view, edit and approve subordinate based bonus and payout information by leveraging lconixx Incentive to consolidate data within a secure, flexible, accessible environment.
- Worksheet approval, adjustment, comment, and/or override by role
- Worksheet configuration with alert configuration
- Automated bonus suggestions, ranges, and budget allocations
- Real-time approval status
Reports and Analytics
Remove manual, time consuming efforts to develop critical reports - lconixx Incentive delivers:
- Auto-Generate and Schedule Reports: The reporting interface includes standard templates for pay statements, total compensation, budget allocation, pool distribution and more
- Ad Hoc Reports: Ad Hoc interface allows users to create criteria and filter, organize columns and save custom reports
- Analyze Your Data: Drill down to access data in a variety of ways with the Iconixx Analysis tool. Analyzed data may be exported to a variety of file types: XLS, XML, CSV, and/or PDF.