Management, Human Resources, Operations and Finance professionals too often struggle with multiple, complicated processes for managing salary payouts, promotion and merit increases. Iconixx Merit offers an all-in-one solution for your payouts, making it easy to design, create and manage custom compensation management plans that fit your business needs.
1. Incent Perform Grow
Management, Human Resources, Operations and Finance professionals too often struggle with
multiple, complicated processes for managing salary payouts, promotion and merit increases. Iconixx
MeritTM
offers an all-in-one solution for your payouts, making it easy to design, create and manage
custom compensation plans that fit your business needs.
Key Benefits
SALARY WORKSHEET AND
MANAGEMENT APPROVALS
Iconixx MeritTM
gives you the ability to view and
approve large hierarchies of salary and payout
information.
“Worksheet” functionality is as flexible as Excel,
allowing users to quickly view, edit, update,
change and approve their bonus plans through:
• Worksheet approvals, adjustments,
comments and overrides
• Worksheet linked with Alert configuration
• Automated bonus suggestions, ranges and
budget allocations
• Setup and manage “Batches” of worksheets
• Monitoring the status of approvals and
budgets
• Setup budgets using forecasting and “What
If” analysis
Manage Your Salary and Merit
Compensation Plans with
Enhanced Transparency and Ease-
of-useIconixx Merit
INTEGRATE INTERNAL
WORKFLOW
Salary and compensation processes extend beyond
one department. Managing workflow between field
representations, HR, Management, Operations
and Executives is crucial. Iconixx MeritTM
seamlessly
coordinates the input of all users with customization,
security and ease of use. The integrated workflow
allows for:
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 apply 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.
Iconixx integrated workflow extends through the entire
Iconixx Suite: Iconixx SalesTM
, Iconixx IncentiveTM
and
Iconixx MeritTM
.
2. APPLICATION SECURITY
AND ROLES
Your complex organization requires
controlled and role-specific security.
The entire Iconixx suite empowers
administrators to create security roles
and groups to refine the user’s ability to
view, edit, update and print data. The
solution uses a simple set of interfaces
to grant or revoke access to dashboards,
workflow processes and compensation
plan administration.
REPORTING AND
ANALYTICS
Iconixx MeritTM
allows you to create the right
reports at the right time, with three options for
reporting:
Generate automatically scheduled reports
– The Iconixx MeritTM
Reporting interface
includes standard templates for pay statement,
total compensation, budget allocation, pool
distribution etc
Create ad hoc reports – The Iconixx MeritTM
Ad
Hoc interface allows the user to create criteria and
filters, organize columns and save custom reports.
Data analysis – Iconixx MeritTM
has “Drill-In”
ability to examine the data in many ways, then
export the data to XLS, XML, CSV, or PDF.
Key Features
COMMUNICATION
Iconixx MeritTM
features a simple,
configurable, security-based dashboard
with all the information in one place,
offering:
Reports – Managers can easily view
reports (pay statements, bonus
allocations, budgets etc.) for all
employees and teams
Real-Time Data – Managers and
personnel have immediate access to their
year-to-date salary, quotas, transactions
Workflow Inbox – Access to a role-
based “Inbox” with related workflow
items, including worksheets, adjustment,
customized elements
FORECASTING AND “WHAT IF”
BUDGETING
Iconixx Merit allows you to forecast the impact of
compensation plans before activation, through two
views:
View total potential payouts – View side-by-side
comparisons of incentives by individual, plan or
team factors
Budgets – Estimate payout amounts while
estimating scenarios for accruals and finance
www.iconixx.com3420 Executive Center Drive STE 250 Austin, TX 78731
877-ICONIXX