EIR COMPstream

What do you like best?

It automates most of the analyses by drawing upon data within our SF compensation planning system and tailored to our organization's custom processes and unique requirements. It has saved considerable time for multiple internal resources. It has improved the accuracy, and hence the confidence, of our senior management in the overall process. We also very much appreciate the expertise, professionalism, and reliability of the entire team at EIR – both product and service specialists.

What do you dislike?

We are satisfied and can think of no particular dislikes.

What problems are you solving with the product? What benefits have you realized?

Prior to implementing COMPStream, all of our complex, global comp planning budget modeling and analyses were handled in Excel spreadsheets using data exported from our SF Compensation and Eligible Earnings templates. It required a lot of manual manipulation and complex formulas, and each time data was updated in SF, we'd have to redo much of those analyses manually.

We use COMPStream to do compensation budget modeling to present data to our President & CEO using various breakouts and analyses of the data. We use it to assign dynamic budgets to the compensation planners during the review process, so they can accurately see where they stand in terms of budget versus total recommendations made while they are doing their planning. We also use it to reconcile the budgeted amount in aggregate and by any number of breakouts (senior leaders, division, budget groups, etc.) versus actual spend which can now be accomplished virtually in real time as final recommendations are being approved. This year our comp administrators will begin using the calibration capabilities in the budget preparation cycle and at least two of our divisions may use it during the actual planning cycle. All of these activities occur while taking into consideration exchange rates for our various locations.