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1 877 ICONIXX WWW.ICONIXX.COM
Incent Perform Grow
Iconixx Incentive™
Processing and managing complex bonus structures can
present challenges for Human Resources, Operations, Field
Management and Finance professionals in any organization.
Iconixx Incentive™ simplifies bonus compensation for your
business.
Eliminate Manual Incentive & Bonus Management
Complex bonus, discretionary, MBOs, and variable incentive
plans are made simple and manageable with Iconixx.
Iconixx Incentive™ allows easy, intuitive creation, and
management of bonus compensation plans, with modular,
reusable elements.
• Date Effective Hierarchy and Participation Hierarchies
• Titles and Custom Periods
• Custom Groups and Eligibility Filters
• Weighted Pay Elements, Rules and Formulas
• MBOs, Rewards, and Non Cash Payouts
• Discretionary Pool Management
Bonus Worksheet and Management Approvals
Quickly view and approve large amounts of subordinate
based bonus and payout information with "Worksheet"
functionality. The Worksheet uses an electronic form as
flexible as Excel, but as secure as you need, with data that
resides in one place. You won't need to rely on constantly
changing spreadsheets passed from manager to manager;
Iconixx Incentive™ allows you to quickly view, edit, update,
change, and approve your bonus plans.
• Worksheet approvals, adjustments, comments, and overrides by role
• Worksheet configuration with linked Alert configuration
• Automated bonus suggestions, ranges, and budget allocations
• Setup and manage "Batches" of worksheets with approval workflows by hierarchy
• Workflow monitoring and status of the states of approvals, and budgets
• Budgeting and setup of budgets and forecasting with real time "What If" Analysis
Enhanced Communication
Iconixx Incentive™ dashboard is flexible, yet simple and
secure. Our dashboard puts all of your critical bonus
information in one place, for quick access by field personnel
as well as compensation management.
• Reports: View all role related reports and subordinates data (pay statements, bonus allocations, budgets, etc.).
About Iconixx
Iconixx leverages the latest Cloud technologies, to deliver a consistent Sales Performance Management and Incentive Compensation Management solution to customers – Small Business, Mid-Market, and Enterprise – on a single, organically developed solution with a native work flow engine, native territory management, and pre-configured business rules and formulas library accessible on any mobile device anytime, anywhere
1 877 ICONIXX | ICONIXX.COM
• Real Time Data: The dashboard allows field personnel and managers to view their year-to-date bonus, MBOs and individual performance factors with "sliders".
• Workflow lnbox: Access a roles-based "Inbox" with related workflow items like: worksheets, adjustments, HR requests, and custom workflow elements.
Incentive Compensation Plan Forecasting. "What If" & Budgeting
Incentive Compensation plan implementation is easier
to forecast and execute with Iconixx Incentive™. Create,
compare and change variable pay plans in a "Model"
environment before implementing them in the field. Iconixx
Incentive™ offers you three views of bonus compensation in
real time:
• Query and Estimate: Users can "What If" with their individual and role based bonus elements to view potential payouts, thereby incentivizing optimal bonus behavior.
• View Total Potential Payouts: Model new incentives or changes to existing incentives to see expected payouts before implementation. View side-by-side comparisons of incentives by individual, plan, team, or any combination.
• Budgets: Create estimated payout amounts, and estimate scenarios for accruals and finance.
Integrated Workflow
Smooth handling of compensation workflow between your
field personnel, HR, management, and other departments
is a critical element of any successful bonus compensation
plan. Iconixx integrated workflow is designed to work
throughout the entire Iconixx suite: Iconixx Sales™, Iconixx
Incentive™, and Iconixx Merit™. This functionality allows:
• Maintenance: Users can easily setup and maintain custom approval hierarchies, groups, email notifications, status, escalation, file attachments, and other custom functions.
• Subject Types: Users can utilize stock features "out-of-the-box" or create custom features for managing worksheets, document approvals, and HR actions.
• Security: Integrate processes with overall auditing and reporting, so Sarbanes-Oxley compliance can be easily managed.
Reporting and Analytics
Like Iconixx Sales™, Iconixx Incentive™ offers three
mechanisms to report data:
• Automatically Generate and Schedule Reports: The Iconixx Incentive™ Reporting interface features include standard templates for pay statements, total compensation, budget allocation, pool distribution, etc.
• Create Ad Hoc Reports: The Iconixx Incentive™ Ad Hoc interface allows the user to create criteria and filters, organize columns, and save custom reports.
• Analyze Your Data: "Drill ln" to see data in many different ways with Iconixx Incentive™ Analysis tools. Additionally, analyzed data can be exported to XLS, XML, CSV, or PDF.
Application Security and Roles
Your complex organization demands that security is both
controlled and role specific. The entire Iconixx suite enables
administrators to create security roles and groups to refine
the users' ability to view, edit, update, and print the data.
The solution utilizes a simple set of user interfaces to grant
or revoke access to dashboards, workflow processes, and
compensation plan administration, as well as Iconixx Sales™,
Iconixx Incentive™, and Iconixx Merit™ modules.
Iconixx Incentive™