Performio vs Varicent

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Our analysts compared Performio vs Varicent 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.

Performio Software Tool

Product Basics

Performio is an incentive management software that allows sales representatives and management to calculate and create compensation plans and sales performance reports accurately. Users can automatically calculate sales commissions with a few clicks, build new plans and add new participants as and when required.

The vendor offers auditing and compliance inclusions wherein audit logs automatically track calculations. It also provides pre-built plan components that simplify building and modifying plans.
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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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$50/User, Monthly
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Tailored to your specific needs
$56/User, Monthly
Get a free price quote
Tailored to your specific needs
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Mac
Linux
Android
Chromebook
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Mac
Linux
Android
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Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
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Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Automate Sales Compensation Processes: Automate sales commission calculations, prevent overpayments and eliminate errors resulting from manual calculations. 
  • Improve Team Performance: Optimize plans according to unique business needs and calculate sales commissions. Inspire teamwork and foster a high-performance culture with accurate and transparent commission calculations, fewer errors and insightful analytics. 
  • Keep Data Secure: Protect source and commission data using role-based visibility and comprehensive audit logs.  
  • Enjoy Fast Implementations: Get expert help to configure the solution as per business requirements for efficient and painless implementation. Access a dedicated customer success manager and free support. 
  • Integrate With Other Systems: Connect to the sales data system to extract needed data and push data back to Salesforce and payroll. 
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  • 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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  • Pre-Designed Data Transforms: Eliminate the requirement of managing and writing complicated commission formulas or crediting rules using pre-built data transformations and incentive plan components. View all plan components on a single screen to quickly check different payments to reps. Modify plans as needed and update changes. 
  • Enterprise-Grade Features: Scale with business needs and leverage enterprise-grade features, including complicated compensation features, workflows, auto-schedulers, high-end reporting features, perfectly configurable dashboards, top-notch security and solid audit logs. 
  • Intuitive UX: Encourage fast user adoption on mobile devices, at office or through intuitive user interface. Leverage easily readable and configurable dashboards to display each salesperson's quota attainment, commissions, anything relevant to their roles and leaderboard status graphically. 
  • Native Report Builder: Gather insights and data from the sales comp and take advantage of native report builder to create reports about any aspect of sales comp data. Configure reports on the go and access them from a mobile app, irrespective of the complexity of the plan. 
  • Unlimited Optimization: Get access to sales comp data, including sales, transaction, plan and people data. Eliminate manual processes and avoid errors to gain smooth comp calculations. 
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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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Product Ranking

#23

among all
Sales Commission Software

#22

among all
Sales Commission Software

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Analyst Rating Summary

82
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63
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64
97
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Dashboard and Reporting
Territory and Quota Management
Platform Capabilities
Inquiry or Case Management
Dashboard and Reporting
Inquiry or Case Management
Territory and Quota Management
Deal Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Performio
Varicent
+ Add Product + Add Product
Collaboration Dashboard And Reporting Deal Management Inquiry Or Case Management Platform Capabilities Territory And Quota Management 63 100 64 85 90 92 81 100 97 100 79 99 0 25 50 75 100
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17%
100%
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100%
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80%
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20%
100%
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89%
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78%
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22%
88%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

54%
0%
46%
38%
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62%

User Sentiment Summary

Great User Sentiment 316 reviews
Great User Sentiment 276 reviews
87%
of users recommend this product

Performio has a 'great' User Satisfaction Rating of 87% when considering 316 user reviews from 1 recognized software review sites.

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.

n/a
4.5 (120)
4.33 (316)
n/a
n/a
4.5 (64)
n/a
4.4 (92)

Awards

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

Inquiry or Case Management Award

Synopsis of User Ratings and Reviews

Intuitive Interface: Users praise Performio for its user-friendly design, making it easy to navigate and manage sales commissions.
Customization Options: The platform offers a high degree of flexibility, allowing businesses to tailor compensation plans to their specific needs and easily adjust as those needs evolve.
Automated Calculations: Performio automates complex commission calculations, eliminating manual errors and saving valuable time.
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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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Difficult to Use: Some users have reported that the platform is not user-friendly and requires extensive training to use effectively. This can be a major drawback for businesses that need a system that is easy to learn and use.
Limited Customization Options: Performio offers limited customization options, which can be a problem for businesses with unique compensation plans. Users have expressed frustration with the inability to tailor the platform to their specific needs.
Reporting Limitations: Users have mentioned that generating reports in Performio can be cumbersome and time-consuming. The platform's reporting functionality may not be as robust or intuitive as some users would prefer.
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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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Performio users highlight its robust commission tracking, automated calculations, and detailed reporting as major strengths. These features streamline the often tedious process of managing sales commissions, freeing up time for sales operations and finance teams. However, some users express concerns about its high price tag and complex user interface, suggesting it might be better suited for larger businesses with dedicated resources. Smaller businesses or those with simpler commission structures might find more affordable options like Spiff or QuotaPath to be a better fit.

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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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Screenshots

Top Alternatives in Sales Commission Software


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Spiff

Varicent

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