Everstage vs. Varicent

Everstage is a powerful tool that caters to the needs of organizations looking to automate commission calculations for consultants and generate leaderboards based on performance. By leveraging Everstage, organizations can eliminate the reliance on manual Excel sheets and streamline their commission management process. Additionally, Everstage empowers representatives to review their commissions, approve or reject them, and easily communicate any concerns or issues to the commission team. If your organization is seeking a comprehensive solution for commission management, performance tracking, and streamlined communication, Everstage is the right tool for you.

Incentivized

For the use cases we have at the bank, ICM is a perfect solution. For any bank or institution that has similar requirements, ICM would be a perfect solution. But I also think for any use case that has any sort of incentives based on Sales done, this would work amazing, as both Calculations and reports are handled by ICM very well; it's an all-in-one solution, I feel like.

Incentivized

• Crystal - It helps in understanding which are the key sales or opportunities to be closed to attain the required commission
• Quota Attainment Tracker - This gives graphical representation of how much attainment has been achieved year wise
• Tier attainment helps us to understand what more to be added to gain more to be added to go to next tier of commission

Incentivized

• Flexibility - Varicent is not template based. You can implement the model specifically for your organisation.
• Scalability - Since it is not stick to templates you are able to expand the model for other domains as well.
• Reporting - Several ways of reporting are possible and each has their own benefit/purpose.
• Strong/Powerfull Calculation Engine delivering fast results/speed to insight
• User Interface is minimized to what you need and is not showing off all the functions it can "also" do
• Strong audittrail
• Appears to be almost unlimited in what you are able to create

• Since it shows the data of sales so they don't have any method by which the refund in the sales can be tracked. One of my teammate had refund done but it was not showing in the Everstage. I think this need to improved
• The dashboard can be improved by showing some emojis, if he is coming on top and makes the employee feel happy.
• Sometime after login it shows the 3 months before data, i think it should start by showing the current data.

Incentivized

• Automated rebuild Indexing of tables and calcs, or next best thing, automated reports to list what should have its index rebuilt.
• To have the functionality for a conditional entry on the ICM scheduler. E.g. if ICM table has fieldx = 'Y' then we run a specific row in the ICM scheduler else it's skipped.
• The ability to download data in csv, Excel … from the "History Viewer" of tables that have changes tracked.

Incentivized

Because as of now how much I have used I am ok with it as it is helping me in daya to day work because it hep us to see the content in right manner with help of good visualization. the dashboards and all are up to the mark which make it more convinient to use .

Incentivized

Varicent is a system you build for your unique needs and business objectives. Once this is in place you can adjust and change accordingly. This system has the flexibility to change in correlation with the needs of your business. From simple viewing adjustments to changing the whole landscape of your operations this system can be modified in whatever direction necessary. Also with the growing popularity of handheld devices this system is at a huge advantage by being accessible from the Ipad

Using Everstage, plans can now be easily rolled out in a matter of minutes and today, everyone from sales ops to the C-Suite has quick access to the intelligence they need to inform better sales forecasting. With Everstage on our desktops and mobile devices, we keep commission pay transparent and accessible.

Incentivized

Any calculations can be implemented as there are hardly any limitations on complexity. However, online real-time usability is lacking - a simple user enters, and the system calculates work in a way that it is in the browser and hence still needs overnight to be properly reflected in the batch calculations and backend tables.

Incentivized

Never went down in last 3 years that I worked with it (every hour of the day basically). That is a 10 in my book.

All is fast, but with API's it is sometimes slower due to the application we are pulling data from. Reports are loaded directly or within seconds and our reports are very detailed with many columns and rows.

It's Wonderful. They have been accessible when in need. the response is immediate and genuine. the support wait time is not too long either. when a fault is pointed out, thy accept it and try to work on it and within a week they try to find a better option to resolve the issue. Accepting and working to deliver better is really appreciable thing. Kudos to the team on that

Giving a 10 would suggest there is no room for improvement. I don't feel like their support is perfect. However, I have never met another team that was more dedicated to making sure we get what we want and need.

Explained well about how to use and features of this product

The training was good in general with a nice trainer as well. But, the training could be better if it is more focussed on our process/data etc.

explained it in very good manner

There is a learning portal with many videos about navigation, creating reports and managing your model.

I am happy

Incentivized

Test test test. Make sure that the product is calculating everyone 100% correctly. DO NOT accept a 70% pass rate as some companies would like to have you believe is acceptable. This means conducting thorough testing by providing 100% of all expected results, but it will be worth it when you know that the compensation plans are working entirely as expected.

Everstage has kept its promise of providing timely, accurate incentive calculations while outperforming against previous solutions. It takes overly complex process with lots of data and inputs, and streamlines it and makes the process much more efficient. It was chosen also due to its high level of integration with our existing CRM platform, as well the robust nature of the software itself.

Incentivized

In 2015, we used a scorecard containing 80 attributes in our review of Oracle, Callidus, and Xactly & Varicent. Oracle did not have true self serve capabilities- programming was heavily required, not intuitive, out of the box functionality was limited. Callidus & Xactly could not provide us a demo using our data, statements could not be sent out in bulk form, difficulty in importing/exporting to CRM. Varicent excelled in most areas and was the clear winner.

It is very scalable and adaptable to changing complexities of calculations and business rules under a variety of different scenarios. It does not get full points because in large data loads the time needed to calculate and import the data increases exponentially and may cause issues related to timing potentially.

Incentivized

• Improved Performance and Productivity
• Enhanced Accountability and Fairness
• Overreliance on performance metrics and incentives alone can sometimes lead to unintended consequences, such as employees focusing solely on meeting targets without considering other important aspects of their roles, such as customer satisfaction or long-term strategic goals

• Compliance - with a central system used for calculation incentive payments and commissions, we are able to provide reports and data showing every detail of how payments are calculated and why they are justified. We can also identify anomalies and outliers.
• Integration with our payroll system is seamless. Except for regular pay, nothing goes to payroll without going through ICM. The process for paying incentives/bonuses/commissions is now very structured and efficient.

Incentivized