Infosys IncentiveX - Enterprise Incentive Management
Infosys IncentiveX is an Enterprise Incentive management solution that helps you manage commission and incentive programs. The solution minimizes labour-intensive and error-prone manual input, ensuring accurate payment commissions. IncentiveX is rules engine and database agnostic and integrates seamlessly with your existing financial and sales systems.
The Infosys Advantage
IncentiveX brings together Infosys' capabilities to provide a complete Enterprise Incentive Management (EIM) offering, including:
- An n-tier solution that enables reuse of infrastructure investments
- Enterprise Incentive Management expertise
- Template configuration
- Cohesive and efficient System Integration services
- Overall price
Infosys IncentiveX is a software solution built on a best practice incentive payments process framework to help you manage the entire incentive payment process. IncentiveX is industry and vertical agnostic and is suitable for all organizations, including complex dealership and agent hierarchies. It offers extensive functionality to address the challenges experienced by organizations when managing commission and incentive programs by:
- Removing the risk of human error, as all processes are automated, accountable and auditable. Flexible incentive schemes can be implemented using rules defined through a straightforward user interface, enabling customization of commission variables at any level of the organization, right down to salespersons
- Reducing your overall operating costs by streamlining incentive-management processes and introducing efficiencies in different areas, including commission payment
- Eliminating overpayment of incentives by ensuring payments can be traced back to the original events that attracted commission and back to the commission agreement signed between the payee and your organization
- Motivating your sales force by enabling them to track commissions in real-time leading to increased sales revenue
Features
- Support of parallel payment cycles of different frequencies
IncentiveX is an ideal solution for a dealership that might receive a weekly commission payment, a monthly performance bonus payment as well as an annual bonus payment for targets met
- Full adjustment functionality
Commission payments can be adjusted before or after payments are made, and these adjustments are auditable. Advance payments and payment claw-backs are supported
- Split commissions
Commissions earned can be split between any number of parties
- Daily calculation of commissions and bonuses
IncentiveX updates an organization's liability for commission payments on a day-to-day basis. It spots any errors quickly, to prevent payment delays
- Payment approvals
Basic stage gate functions are used to approve the release of payments
- Reporting
IncentiveX generates a range of valuable sales force, management and audit reports upon request
- Scalable and robust
IncentiveX enables an organization to start small (for example, focus on incentives for a discrete set of products) and scale up to manage incentives across the entire product offering
- Open technology
IncentiveX easily integrates with existing rules engine via adaptors and database. It uses Service-Oriented Architecture to provide commission payment functionality in one place for all products, services, dealer segments, channels and jurisdictions an organization may operate in
For a demo, or any other request related to the offering contact us