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Workflow Solutions leverage our breakthrough Business Process Management (BPM) technology to fully automate many of the numerous manual incentive compensation activities such as dispute resolution, comp plan approvals, over-ride approvals, etc.
High impact benefits occur when analysts spend more time focused on improving the strategic value of incentive compensation and less time fire-fighting undocumented manual processes.
Some brief examples follow:
Compensation Plan Approval
Compensation plans are routed to all participants via the NetCommissions portal for on-line approval.
Payees receive reports with dispute settlement functionality built into them. Alerts are circulated with payee comments if they have an issue with commission results (improper split, inaccurate credit assignment, etc).
Individual (MBO) Goals
The process of setting individual goals, collaborating on the attainment of these goals and automating multi-functional approvals of goals are automated.
Rate Change Approvals
Approvals of rate changes can be automated to ensure timely response to changing market conditions.
Alerts & Notifications
Alerts are often desired when certain conditions arise. For instance, a manager may want to be notified when one of their salespeople reaches a particular goal such as making Presidents Club.