Varicent

Varicent provides tools and information for your sales reps - ensuring accuracy and efficiency. Managers and administrators can take control of their operations, eliminate surprises and make better strategic choices for their variable incentive programs.

Languages supported: German, English, French, Italian, Japanese, Korean, Dutch, Polish, Portuguese, Spanish, Swedish, Turkish, Chinese (Simplified)

Platforms: Mac, Win, Linux

Price: $$$$$

Business Size: 0

9.0/10 (Expert Score) ★★★★★
Product is rated as #16 in category Sales Compensation Software
Ease of use
8.5
Support
9.1
Ease of Setup
8.1

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Named a Leader in the Gartner Magic Quadrant for Sales Performance Management seven times in a row, Varicent is the industry-leading Sales Performance Management (SPM) solution in the market, enabling organizations worldwide to Plan, Operate, and Pay effectively to streamline sales and drive growth.

Our Incentive Compensation Management (ICM) solution automates the entire compensation process including data collection, compensation calculation, and commission statement distribution to reduce costs and improve sales performance. Get the flexibility, scalability, and usability you need to manage complex compensation your way to ensure your sellers are paid accurately—and on time.

Plus, with the addition of our augmented intelligence solution, Symon.AI, you can spot trends, find meaningful patterns, and identify outliers in seller performance, seller churn, customer attrition and more to Plan, Operate, and Pay even smarter than before.

Varicent
Varicent

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Customer Reviews

Varicent Reviews

Balaji A.

Advanced user of Varicent
★★★★★
Flexible Platform to Implement Complex Incentive Comp Designs!

What do you like best?

Platform is very easy to setup new plan components with complex designs.

Robust REST APIs capabilities which enables data sharing with other enterprise teams like FP&A and CRM dashboards.

Continuous product enhacements to features like Reporting, Mobility and AI capabilities.

What do you dislike?

Im very much pleased by the latest enhancements they have made to Workflows. I like all the new feature they have introduced for Reporting, Mobility and AI.

Recommendations to others considering the product:

Focus more than the process refinement before implementing the solution.

Set expectations with users on roles and responsibilities.

Build both Implementation and validation structure around your model.

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

We have solved Commissions Expense for Accrual Accounting, a process in SAP to generate Waterfall entries. It saved us 16 hours each month.

Automating Payroll validation is also a tedious process comparing various data points to ensure there are no over/underpayments.

We have also implemented a what-if commission estimator using the native webform feature with dynamic GUI.

Review source: G2.com

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