beqom vs CaptivateIQ

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Our analysts compared beqom vs CaptivateIQ based on data from our 400+ point analysis of Compensation Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Beqom is a compensation management software solution designed for mid-sized and large organizations. It helps businesses automate and streamline their compensation processes, from salary planning and budgeting to performance reviews and incentive plan design. Beqom offers a comprehensive suite of features, including goal setting, performance tracking, compensation modeling, and communication tools. It also integrates with popular HR and payroll systems. Beqom is particularly well-suited for companies with complex compensation plans or those looking to improve their compensation data and analytics. Users of Beqom have reported benefits such as increased transparency and fairness in compensation decisions, improved employee motivation and engagement, and reduced administrative costs. Some popular features of Beqom include its intuitive user interface, flexible configuration options, and robust reporting capabilities. Beqom is a subscription-based service with pricing that varies depending on the size and needs of the organization. It offers a free trial so companies can try it out before they buy.

Pros
  • Streamlines processes
  • Improved data & analytics
  • Increased transparency
  • Boosted employee engagement
  • Reduced administrative costs
Cons
  • Complex setup
  • Limited customization
  • Steep learning curve
  • Potentially high cost
  • Limited customer support
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CaptivateIQ is a no-code solution dedicated to helping organizations and individuals develop rewarding compensation plans for hardworking employees. It encourages team motivation through fair payment and incentives. It is flexible and automated to help companies save time and avoid errors.

Devise compensation plans, share insights, make clear and error-free commissions, and help organizations make better decisions. Connect with different data sources and automate the whole process as needed.
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$20/User
Get a free price quote
Tailored to your specific needs
$7,200/User, Annually
Get a free price quote
Tailored to your specific needs
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Product Assistance

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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Improved data-driven decisions: Beqom provides comprehensive insights and analytics to help businesses make informed decisions about compensation, leading to better talent acquisition, retention, and performance management.
  • Enhanced employee satisfaction and engagement: Beqom fosters transparency and fairness in compensation practices, motivating employees and boosting their overall satisfaction. Flexible compensation plans, personalized rewards, and clear communication contribute to increased engagement and productivity.
  • Reduced administrative costs and time: Beqom automates many compensation tasks, from plan design and budget allocation to performance tracking and incentive payouts. This automation frees up valuable resources and saves businesses significant time and money.
  • Improved compliance and risk mitigation: Beqom helps businesses stay compliant with complex compensation regulations and avoid potential legal or financial risks. Its built-in compliance tools and real-time audits ensure accurate and consistent compensation practices.
  • Enhanced scalability and adaptability: Beqom is highly scalable and adaptable, growing with your business and its evolving needs. It accommodates diverse organizational structures, compensation plans, and global operations.
  • Streamlined global compensation management: Beqom simplifies managing compensation across multiple countries and regions. It supports diverse currencies, languages, and regulatory requirements, ensuring global consistency and compliance.
  • Improved workforce planning and talent acquisition: Beqom provides valuable insights into talent market trends and competitor compensation practices. This data empowers businesses to make informed workforce planning decisions and attract and retain top talent.
  • Enhanced communication and collaboration: Beqom facilitates effective communication between managers and employees regarding compensation plans, performance expectations, and rewards. This transparency fosters trust and understanding, leading to stronger collaboration and team performance.
  • Data-driven talent development: Beqom helps identify high-performing employees and supports personalized career development initiatives. By linking performance data to compensation decisions, businesses can invest in their talent and encourage continuous growth.
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  • Access Required Data: Get access to necessary set-up data and process commission calculations. Transform imported data to create new custom values without altering raw data. Set up real-time sync or customize a schedule to fetch required data. Keep the commission cycle up to date with data integrations. 
  • Leverage Reports and Insights: Create visualizations across any part of the compensation data to identify trends by team, region, commission plan and more. Save time creating multiple reports by applying filters to segment dashboards and drill into the data. See the raw data table to better understand visualizations. 
  • Design Effective Compensation Plans: Set up commission plans without the constraints of pre-defined templates. Import employee data, set up plan logic and automate calculations on the fly. 
  • Save Time and Effort: Leverage the powerful data ingestion layer to massage data into a commission-ready state directly on the platform to save hours cleaning files ahead of time. Confidently set up calculations using a library of pre-built formulas and tooltips. Automate calculations and catch potential errors using the dynamic calculation engine. 
  • Resolve Pay Disputes Faster: Manage internal communications alongside commission data for faster resolutions. Put an end to tedious approval cycles and ensure every payout is correct before it’s distributed using the approvals workflow. 
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  • Rule-based automation: Automate compensation calculations, including performance-based bonuses, commissions, and equity allocation.
  • Performance management: Streamline performance reviews, goal setting, and feedback processes with comprehensive tools.
  • Salary planning and budgeting: Create and manage salary bands and budgets with built-in modeling and forecasting tools.
  • Incentive plan design: Develop and configure complex incentive plans with various performance metrics and reward structures.
  • Data integration and analytics: Integrate data from various sources and leverage advanced analytics to gain insights into compensation data.
  • Global compensation management: Manage compensation across multiple countries and currencies with features like localization and compliance tools.
  • Self-service portal: Provide employees with self-service access to their compensation information, pay statements, and performance data.
  • Mobile access: Access compensation data and functionality on mobile devices for increased flexibility and convenience.
  • Reporting and dashboards: Generate comprehensive reports and visualize key compensation data with customizable dashboards.
  • Security and compliance: Benefit from robust security features and compliance with global data privacy regulations.
  • Open API: Integrate beqom with other HR and business systems through its open API for enhanced functionality.
  • AI-powered recommendations: Leverage AI to receive personalized recommendations for compensation decisions and talent management.
  • Configuration and customization: Tailor the platform to your organization's specific needs with extensive configuration options.
  • Scalability and performance: Handle large volumes of data and users with a scalable and high-performance platform.
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  • Compensation Reports: Get automated compensation reports and insights on how salary is distributed and the current pay standards for a specific role in the market. Automatically sync commission data to power reliable reports in real time across every team. Save time collecting and cleaning data by integrating the data source directly into the commission system. 
  • Performance Reports: Keep track of the individual and team performance reports to ensure fair pay and incentives. 
  • Dispute Manager: Communicate, raise queries and resolve disputes with the Inquiries feature. Boost performance and create more efficient workflows. 
  • Flexible Design: Design detailed compensation plans as needed. Assign tasks, divide incentives, choose the factors affecting incentives and pay and much more. 
  • Hierarchical Plans and Management: Manage each level of operation and salary distribution with a descriptive sales hierarchy. 
  • Manage Assignments and Quotas: Assign rewarding tasks and track progress and achievements. Implement fair pay and rewarding incentives for boosting productivity. 
  • Plan and Document Agreements: Create important documents and agreements to maintain a written record of settlements and compensation distributions. Keep and manage all documentation from a single place. 
  • Compensation Statement Calculation: Present the total benefits offered to an employee on an annual basis in the form of a compensation statement using the compensation statement calculator. Eliminate the process of manually re-entering data or making updates.  
  • Splits and Overrides: Use the splits and overrides feature to avoid any errors in commission calculation.
  • Commission and Incentives Planner: Use the commission estimator to decide the right commission for each role by comparing market standards. 
  • Commission Contract Management: Create and send new employee-specific compensation plans when teams grow. 
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Product Ranking

#26

among all
Compensation Management Software

#31

among all
Compensation Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Budgeting And Forecasting Compliances Dashboard And Reporting Mobile Capabilities Platform And Security Capabilities Rewards And Recognition Salary And Pay Structure Management Variable Compensation And Incentives Management 81 100 87 76 93 50 74 100 0 25 50 75 100
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User Sentiment Summary

Excellent User Sentiment 7 reviews
Excellent User Sentiment 3341 reviews
94%
of users recommend this product

beqom has a 'excellent' User Satisfaction Rating of 94% when considering 7 user reviews from 1 recognized software review sites.

94%
of users recommend this product

CaptivateIQ has a 'excellent' User Satisfaction Rating of 94% when considering 3341 user reviews from 4 recognized software review sites.

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4.6 (1637)
4.71 (7)
4.85 (746)
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4.9 (741)
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4.5 (217)

Awards

SelectHub research analysts have evaluated beqom and concluded it earns best-in-class honors for Compliances and Variable Compensation and Incentives Management. beqom stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Compliances Award
Variable Compensation and Incentives Management Award

CaptivateIQ stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Streamlined processes: Beqom automates many compensation tasks, saving time and resources for both HR teams and employees.
Improved data and analytics: Beqom provides valuable insights to inform better compensation decisions and identify areas for improvement.
Increased transparency and fairness: Beqom fosters trust and understanding through clear communication and readily available compensation information for employees.
Boosted employee engagement: Beqom motivates employees with personalized rewards and recognition programs, leading to increased satisfaction and performance.
Reduced administrative costs: Beqom automates manual tasks and eliminates errors, resulting in significant cost savings for organizations.
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Salesforce Integration: 83% of the reviewers said that the Salesforce integration provides real-time data sync and helps export information.
Service and Support: Almost all reviewers mentioned that the implementation and support executives provided helpful assistance whenever and however needed.
Accessible UI: About 80% of users said the platform is neatly designed, intuitive and easy to navigate.
Automation: About 90% of reviewers said they benefited from its automated calculations and ability to make revisions and avoid errors.
KPI Monitoring: Almost all reviewers said the KPI monitoring tools were helpful, and they could view deals closed per month and receive email notifications for report summaries.
Sharing and Collaboration: Nearly 67% of reviewers said they were able to see their performance in real time, escalate feedback and send publish notifications.
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Complex setup and learning curve: Implementing and customizing Beqom can be challenging due to its comprehensive features, requiring significant time and technical expertise.
Limited customization options for some modules: While Beqom offers extensive configuration options, certain modules may have limited customization capabilities, restricting its ability to perfectly match specific organizational needs.
Potentially high cost for smaller organizations: Beqom's pricing, especially for larger implementations with multiple features and users, can be prohibitive for smaller companies with limited budgets.
Limited customer support options: Some users report experiencing challenges accessing adequate customer support, particularly outside of business hours or with complex issues, hindering troubleshooting and resolution times.
Integration complexities with certain HR systems: While Beqom integrates with various HR systems, integrating with specific or older software solutions might require additional effort and technical expertise.
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Steep Learning Curve: According to 60% of reviewers, as a new admin, it can be challenging to understand how the system is built as there are many moving parts.
Speed: Depending on how the plan is written and developed, it can take a long time to process changes. Setting up and testing formulas also takes a considerable amount of time.
Missing Graphs: Most users said that there are no graphs to summarize and present data.
Missing Chat Feature: Around 33% of reviewers said it would be better if a built-in chat feature was available.
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User reviews for beqom reveal a mixed bag of experiences. While many users praise its automation capabilities, advanced analytics, and ability to improve transparency and fairness in compensation processes, some find it complex to set up and navigate, and feel its customization options are limited for specific modules. Additionally, concerns are raised about its cost, particularly for smaller organizations, and the occasional difficulties accessing timely customer support. One user highlights the significant efficiency gains achieved by automating processes, stating, "Beqom has freed up so much of our time that we can now focus on more strategic initiatives." Another user commends its insightful data analysis, commenting, "The comprehensive reports and dashboards have helped us make data-driven decisions and optimize our compensation strategies." However, some users report experiencing initial challenges, with one user noting, "The implementation process was quite complex, and it took us longer than expected to get fully comfortable with the system." Comparison to similar products reveals beqom's strengths in its global capabilities and AI-powered recommendations. One user states, "Beqom easily manages our diverse compensation requirements across our international offices, making it a much better choice than competitors." Another user values the AI insights, highlighting, "The personalized recommendations for compensation decisions have been invaluable in attracting and retaining top talent." However, some users express concerns about the cost compared to other solutions, with one user commenting, "While beqom is a powerful tool, we found it less cost-effective than some alternative options for our smaller organization." Overall, beqom is a powerful compensation management platform with strong features and capabilities. However, its complexity and cost may pose challenges for certain users. Carefully considering the specific needs and resources of your organization is crucial before making an informed decision.

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The software is recommended by almost every reviewer. The UI is neat, and the support team is excellent at helping people adjust to the software. The integration with Salesforce is helpful for real-time data syncing and exporting. There were a few negative reviews that talked about some missing features like chat support and graphics.

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Screenshots

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