Varicent vs Iconixx

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Our analysts compared Varicent vs Iconixx based on data from our 400+ point analysis of Sales Commission Software, user reviews and our own crowdsourced data from our free software selection platform.

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Product Basics

Varicent is a software provider that helps industries boost productivity and workforce motivation through incentives and sales performance management. It has an experienced team and preeminent partners that enable organizations to improve performance and drive profitability. The company mainly offers two resources — Diversity and Gender pay apps and a scholarship program called E.D.G.E.

It provides automating calculations, analyzing incentive compensation plans, managing sales territory assignments, accessing real-time performance dashboards, handling transaction inquiries, establishing a workflow for collaboration and making evidence-based decisions. The offerings are also categorized based on the need, role and services for ease of access.
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Iconixx helps boost sales productivity and optimize revenue through better commissions, analyses, incentive processes and automation. It helps businesses eliminate sales downtimes, manual-related errors and unnecessary administration work.

Its key inclusions are compensation planning, commission calculator and payments, analytics, modeling and forecasting, workflows, governance and reporting. It provides salary planning, objectives management and quota management capabilities for sales performance.
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$56/User, Monthly
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Tailored to your specific needs
$8,500 Annually
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Tailored to your specific needs
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Chromebook
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Mobile
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Mobile

Product Assistance

Documentation
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Email
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FAQ
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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Automate Calculations: Configure and schedule data imports to access transactions, products, customers and other data whenever needed. Schedule automated calculations to keep dashboards and reports updated and provide visibility to the sales team. Save money by reducing or eliminating under and overpayments. 
  • Streamline Sales Operations: Assign sales team quotas and optimally allocate the financial objectives to all sales channels and resources using the quota program. Effectively allot and communicate job expectations, planning and monitoring for better workflow and increased productivity. Plan and review payment actions and enforce policies around crediting eligibility. 
  • Identify Opportunities: Align corporate goals with sales methodologies and ensure sales efficiency. Predict future sales and direct the team accurately to meet the required quotas. Stay ahead of the competitors by discovering new opportunities via data recovery and augmented intelligence. 
  • Analyze Compensation Plans: Highlight and avoid abnormal results by tracking the outliers in the sales incentive compensation plans. View reports and compare the corporate strategy with the payout plan measures to ensure efficiency. Create model scenarios and check their effect on sales performance and payouts. 
  • Manage Sales Assignments: Manage sales assignments and quota targets by rep, account, product, geographic location or any other attribute. Create territory crediting rules to credit the right people and encourage fairness at work. Avoid missing market opportunities by identifying and realigning sales territory coverage gaps. 
  • Establish Workflows: Configure simple or complex workflows and routing processes. Automate payout calculations and quota relief to follow a routing process that requires review and approval by sales and finance leaders. Communicate compensation plans properly via a multi-level workflow and routing process. 
  • Track and Monitor Sales Performance: Manage all end-to-end processes using the integrated platform. Plan territories and quotas, improve revenue operations and pay sellers on time using the SPM solutions suite. 
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  • Increased Accuracy: Automates complex commission calculations, reducing human error and ensuring precise payouts.
  • Time Savings: Streamlines the commission process, freeing up valuable time for sales managers to focus on strategic tasks.
  • Enhanced Transparency: Provides clear, detailed reports that allow sales teams to understand how their commissions are calculated.
  • Improved Compliance: Ensures adherence to regulatory requirements and company policies, minimizing the risk of non-compliance.
  • Scalability: Easily adapts to growing businesses, handling increased transaction volumes without compromising performance.
  • Motivated Sales Teams: Offers real-time visibility into earnings, motivating sales representatives to achieve their targets.
  • Customizable Plans: Supports a variety of commission structures, allowing businesses to tailor plans to their specific needs.
  • Data Integration: Seamlessly integrates with CRM and ERP systems, ensuring data consistency across platforms.
  • Cost Efficiency: Reduces administrative overhead by automating manual processes, leading to significant cost savings.
  • Enhanced Decision-Making: Provides actionable insights through analytics, helping managers make informed decisions.
  • Employee Satisfaction: Ensures timely and accurate commission payments, leading to higher employee satisfaction and retention.
  • Audit Trail: Maintains a comprehensive audit trail, facilitating easy tracking and verification of commission transactions.
  • Flexibility: Adapts to various industries and business models, offering a versatile solution for diverse needs.
  • Real-Time Updates: Reflects changes in sales data instantly, ensuring up-to-date commission calculations.
  • Reduced Disputes: Minimizes commission disputes by providing clear, transparent calculations and reports.
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  • Revenue Intelligence: Leverage revenue insights from marketing sources to improve forecasting accuracy and sales pipeline management. 
  • Real-Time Performance Dashboards: Create reports and dashboards for monitoring KPIs and staying consistent with business goals and objectives. Explore data patterns using augmented intelligence and get access to hidden insights and opportunities. 
  • Territory and Quota Planning: Assign and manage territory assignments and quota targets based on accounts, products, location or other attributes to minimize coverage gaps. 
  • Symon.ai: Enhance sales performance management with AI using symon.ai. Eliminate the need for data scientists by implementing flexible machine learning. 
  • Integrations: Integrate with other solutions to centralize data and align business processes. Connect to systems like CRM, HRIS, BI and more. Extract, transform and load data from other enterprise solutions using the Data Import Wizard. Save time and eliminate data entry errors by scheduling and automating data imports from external systems. 
  • Compensation Administration: Optimize incentive payout plans aligned with corporate strategies and objectives to motivate the sales team. 
  • Augmented Intelligence: Leverage artificial intelligence and natural language processing to automate responses to salesperson questions. Guide salespeople to their plan agreements and avoid confusion. Check the model regularly to prevent inaccurate compensation for specific sales transactions. 
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  • Compensation Planning: Create automated compensation plans to achieve strategic goals and drive better sales. Supports multiple combinations of rules and pay components. Define effective sales territories based on products, named accounts and geography. 
  • Commission and Payments: Initiate manual or automatically scheduled step-by-step calculation and credit accurate commission payments. Assigns credits via four mechanisms, including team, territory, and direct and indirect credits. 
  • Analytics: Offers customized, role-based dashboards to finance executives, sales compensation operations and administrators, sales representatives, executives and managers. Leverage comprehensive insights and data trends in the form of interactive visualizations. 
  • Modeling and Forecasting: Compare diverse plan components and structures to forecast efficient compensation costs. Create plans based on modeling environments and forecasted outcomes. 
  • Workflow: Manage company workflows for multiple stages, including assignments, reviews and manager approvals. Account for diverse workflow roles such as finalizer, approver, drafter or issuer. 
  • Governance and Reporting: Utilize standard templates or create custom ad hoc reports. Provides analytics widgets that share graphical formats for live data summaries. Highlights insights into team performance, historical tracking, personal and team attainment, and product and industry rankings. 
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Product Ranking

#22

among all
Sales Commission Software

#40

among all
Sales Commission Software

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Analyst Rating Summary

83
79
81
75
100
100
97
61
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Dashboard and Reporting
Inquiry or Case Management
Territory and Quota Management
Deal Management
Dashboard and Reporting
Territory and Quota Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Varicent
Iconixx
+ Add Product + Add Product
Collaboration Dashboard And Reporting Deal Management Inquiry Or Case Management Platform Capabilities Territory And Quota Management 81 100 97 100 79 99 75 100 61 78 68 98 0 25 50 75 100
83%
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67%
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33%
100%
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80%
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78%
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22%
67%
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33%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

38%
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62%
54%
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46%

User Sentiment Summary

Great User Sentiment 276 reviews
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89%
of users recommend this product

Varicent has a 'great' User Satisfaction Rating of 89% when considering 276 user reviews from 3 recognized software review sites.

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4.5 (120)
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4.5 (64)
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4.4 (92)
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Awards

SelectHub research analysts have evaluated Varicent and concluded it earns best-in-class honors for Inquiry or Case Management.

Inquiry or Case Management Award

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Synopsis of User Ratings and Reviews

Flexible and Customizable: Users appreciate that Varicent can be tailored to their organization's specific compensation processes, such as bonus calculations or merit increases.
User-Friendly Interface: Many users find the system easy to navigate and use, even for those who are not tech-savvy.
Improved Efficiency: Varicent automates many compensation-related tasks, which saves time and reduces errors.
Data Insights: The platform provides robust reporting and analytics features that help organizations make informed compensation decisions.
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Flexible Calculation Engine: Users praise Iconixx for its ability to handle even the most complex commission structures, including tiered commissions, split commissions, and multi-level marketing calculations.
Automated Processes: Iconixx automates many tasks, such as data imports, calculation runs, and reporting, which saves time and reduces errors. This automation frees up sales teams to focus on selling.
Real-Time Visibility: Iconixx provides real-time dashboards and reports that give sales reps and managers up-to-the-minute insights into their performance and earnings. This transparency helps motivate sales teams and allows for quick adjustments to sales strategies.
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Difficult to Use: Users have reported that Varicent can be difficult to use, especially for those who are not familiar with compensation management software. Some have found the interface to be clunky and unintuitive.
Limited Reporting Capabilities: Some users have expressed frustration with Varicent's reporting capabilities, finding them to be limited and inflexible. They've noted difficulty in creating custom reports or extracting specific data points.
Poor Customer Support: Several users have reported issues with Varicent's customer support. They've described slow response times and a lack of helpfulness in resolving technical issues.
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Difficult to Use: Users have reported that the software can be difficult to use and navigate, especially for new users. This can lead to frustration and wasted time.
Limited Reporting Capabilities: Some users have expressed dissatisfaction with the reporting capabilities of Iconixx, finding them to be limited and inflexible. This can make it difficult to get a clear picture of sales performance and commission payouts.
Poor Customer Support: Several users have reported issues with Iconixx's customer support, citing slow response times and unhelpful support staff. This can be a major problem when users encounter technical difficulties or need assistance with the software.
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Is Varicent a variable you should consider for your compensation management needs? Recent user reviews suggest that while Varicent offers a comprehensive suite of features, it may not be the perfect fit for every organization. Users praise its robust customization options, allowing for tailoring to specific organizational needs, which is particularly beneficial for companies with complex compensation structures. However, some users find the interface less intuitive than competitors like Lattice, requiring more time for training and adoption. A key differentiator is Varicent's focus on sales performance management, with features like "clawback" calculations and pipeline-based earning projections, making it ideal for businesses with sales-driven compensation models. Ultimately, Varicent is best suited for larger enterprises with intricate compensation plans, particularly those heavily reliant on sales performance. Its strength lies in its ability to handle complex calculations and provide granular insights into sales compensation. However, organizations prioritizing user-friendliness and a more streamlined interface might find other solutions more appealing.

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Is Iconixx truly iconic in the realm of sales performance management? User reviews from the past year suggest that while Iconixx offers a robust suite of features, it might not be the perfect fit for every business. Users praise Iconixx for its comprehensive approach to managing sales commissions, highlighting its ability to handle complex commission structures and automate calculations as a major strength. This is particularly valuable for businesses with intricate sales processes, as it eliminates the need for manual tracking and reduces the risk of errors. However, a recurring theme in user feedback is the system's complexity, with some finding it difficult to set up and navigate initially. While Iconixx shines in its ability to manage intricate commission plans, this strength also contributes to its primary weakness: ease of use. Some users have reported a steep learning curve, particularly for those unfamiliar with similar software. This complexity can lead to extended implementation times and require additional training for staff. Users also point to the cost as a potential drawback, noting that Iconixx may be more expensive than some competitors, making it less accessible for smaller businesses with limited budgets. Despite these challenges, Iconixx is lauded for its powerful reporting and analytics features, providing businesses with valuable insights into sales performance and commission trends. This granular level of data analysis enables businesses to identify top performers, optimize compensation plans, and make data-driven decisions to improve overall sales effectiveness. In conclusion, Iconixx is best suited for medium to large enterprises with complex sales commission structures and a dedicated budget for a sophisticated software solution. Its ability to automate intricate calculations, provide in-depth reporting, and offer granular control over sales performance management makes it a powerful tool for businesses that require a high level of control and visibility. However, smaller businesses or those with simpler commission structures might find Iconixx's complexity and cost prohibitive, potentially benefiting from a more streamlined and budget-friendly alternative.

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